- CUSIP
- 74349Y399
- Issuer
- ProShares
- Inception Date
- Sep 8, 2025
- Region
- North America (United States)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- NVIDIA Corporation
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mega-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $12M
Share Price Chart
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Performance
NVDB Performance Chart
ProShares Ultra NVDA (NVDB) is up 12.3% since the beginning of the year. NVDB is currently trading at $31 per share.
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Returns By Period
ProShares Ultra NVDA
- 1D
- 5.94%
- 1M
- -6.76%
- YTD
- 12.26%
- 6M
- 19.08%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
NVDB Monthly Returns History
Based on dividend-adjusted daily data since Sep 10, 2025, NVDB's average daily return is +0.18%, while the average monthly return is +2.53%. At this rate, an investment would double in approximately 2.3 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2026 with a return of +29.4%, while the worst month was Nov 2025 at -26.0%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 2 months.
On a daily basis, NVDB closed higher 51% of trading days. The best single day was Feb 6, 2026 with a return of +15.4%, while the worst single day was Jun 5, 2026 at -12.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.37% | -16.15% | -5.71% | 29.37% | 9.62% | -3.15% | 12.26% | ||||||
| 2025 | 8.87% | 15.63% | -25.95% | 9.40% | 1.98% |
Benchmark Metrics
ProShares Ultra NVDA has an annualized alpha of -19.13%, beta of 3.71, and R2 of 0.44 versus S&P 500 Index. Calculated based on daily prices since September 10, 2025.
- This ETF participated in 187.26% of S&P 500 Index downside but only 163.05% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.44 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -19.13%
- Beta
- 3.71
- R²
- 0.44
- Upside Capture
- 163.05%
- Downside Capture
- 187.26%
Expense Ratio
NVDB has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Ultra NVDA (NVDB) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NVDB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
Dividends
Dividend History
ProShares Ultra NVDA provided a 0.96% dividend yield over the last twelve months, with an annual payout of $0.30 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.30 | $0.15 |
Dividend yield | 0.96% | 0.55% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Ultra NVDA. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.15 | ||||||
| 2025 | $0.15 | $0.15 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares Ultra NVDA. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares Ultra NVDA was 42.89%, occurring on Mar 30, 2026. Recovery took 31 trading sessions.
The current ProShares Ultra NVDA drawdown is 22.76%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -42.89%Mar 2026 | 5mo 1d | 1mo 14d | 6mo 15dOct 2025 - May 2026 |
2026 bear market2026 | -28.86%Jun 2026 | 26d | — | 1mo 8dMay 2026 - now |
2025 correction2025 | -14.05%Oct 2025 | 5d | 13d | 18dOct 2025 - Oct 2025 |
2025 pullback2025 | -8.39%Sep 2025 | 2d | 5d | 7dSep 2025 - Sep 2025 |
2025 pullback2025 | -7.27%Sep 2025 | 1d | 6d | 7dSep 2025 - Sep 2025 |
Drawdown Indicators
| NVDB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.89% | -56.78% | +13.89% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -22.76% | -2.49% | -20.27% |
Average DrawdownAverage peak-to-trough decline | -19.02% | -10.72% | -8.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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