NVDX vs NVYY

NVDXBT-REX 2X Long NVIDIA Daily Target ETF

NVYYDGraniteShares YieldBOOST NVDA ETF

In short

NVDX Four ETFs now chase 200% of NVIDIA's daily move, so the differentiator is plumbing, not concept. NVDX resets every night, trades heavily, and prices at the middle of that pack. Built as a day-trading tool, by its own prospectus.

NVYY Every other NVDA fund on this shelf chases the stock's daily move. NVYY goes the other way: it sells put options on a 2x NVDA ETF and keeps the premium, converting that leverage's volatility into an income stream.

Stated mandate

NVDX The Fund seeks daily investment results, before fees and expenses, equal to 200% of NVIDIA's daily performance. It is designed as a short-term, daily-reset leveraged vehicle rather than a fund targeting that multiple over longer periods.

NVYY The fund seeks current income through options strategies, primarily selling put options on leveraged ETFs that track a 2x Long NVDA Daily ETF.

Why people hold it

• NVDX Does exactly what the label says: 200% of NVIDIA's daily return, before fees, and it has stuck closely to that daily target.
• One of the more actively traded funds in the leveraged NVIDIA group, which matters when your holding period is measured in hours.
• 1.05% expense ratio, dead center for 2x NVIDIA funds. You pay the going rate, not a premium.
• Live since October 2023, so it has traded through several full NVIDIA earnings cycles rather than launching into a quiet tape.

• NVYY A different job from the rest of the NVDA shelf: it sells puts on a leveraged NVDA ETF, whose implied volatility is expected to run a multiple of the index's own, and collects the premium.graniteshares.com
• GraniteShares writes the puts on a 2x NVDA daily ETF it also runs itself (NVDL), so both sides of the trade sit under one roof.graniteshares.com
• The sold puts are covered by cash and Treasury holdings, which filings say keeps losses from running materially past the leveraged ETF's own decline.sec.gov
• Payouts arrive on a set cadence, and the prospectus states up front that a distribution can be treated as return of capital.sec.gov

Worth knowing

• NVDX The 2x target applies to one day only. Hold longer and compounding takes over, so multi-day results can drift well away from twice NVIDIA's move.
• NVDU offers the same 2x daily NVIDIA exposure at 0.92%, a thinner fee for the identical mandate.
• Everything rides on one chip company, doubled. A single earnings call or supply headline sets the whole day.

• NVYY 1.15% net of a waiver through December 31, 2026, against a 10.07% gross ratio, and above the median of the eight NVDA funds graded here; in-house NVDL charges 1.05%.
• Gain stops at the premium collected. If the leveraged ETF falls, the fund is exposed to that decline, offset only by the premiums it took in.graniteshares.com
• A 2025 launch that is still a small, lightly traded fund, so spreads and order type matter more here than in the crowded 2x NVDA names.

Full NVDX profile⁠

Full NVYY profile⁠