- ISIN
- US38747R8271
- CUSIP
- 38747R827
- Issuer
- GraniteShares
- Inception Date
- Dec 13, 2022
- Category
- Leveraged Equities, Technology Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Mega-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $5B
Share Price Chart
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Performance
NVDL Performance Chart
GraniteShares 2x Long NVDA Daily ETF (NVDL) is up 8.1% since the beginning of the year. NVDL is currently trading at $95 per share.
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Returns By Period
GraniteShares 2x Long NVDA Daily ETF (NVDL) has returned 8.10% so far this year and 63.36% over the past 12 months.
GraniteShares 2x Long NVDA Daily ETF
- 1D
- 4.30%
- 1M
- -16.20%
- YTD
- 8.10%
- 6M
- 13.46%
- 1Y
- 63.36%
- 3Y*
- 102.48%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 1.75%
- 1M
- -0.09%
- YTD
- 8.02%
- 6M
- 7.15%
- 1Y
- 22.78%
- 3Y*
- 19.45%
- 5Y*
- 11.73%
- 10Y*
- 13.53%
NVDL Monthly Returns History
Based on dividend-adjusted daily data since Dec 13, 2022, NVDL's average daily return is +0.53%, while the average monthly return is +10.16%. At this rate, an investment would double in approximately 0.6 years.
Historically, 60% of months were positive and 40% were negative. The best month was Feb 2024 with a return of +59.1%, while the worst month was Dec 2022 at -28.7%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, NVDL closed higher 54% of trading days. The best single day was May 25, 2023 with a return of +36.2%, while the worst single day was Jan 27, 2025 at -33.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.85% | -16.31% | -5.12% | 28.70% | 9.98% | -7.38% | 8.10% | ||||||
| 2025 | -26.15% | 4.92% | -27.29% | -7.22% | 50.26% | 35.06% | 24.91% | -5.54% | 12.67% | 15.34% | -25.32% | 9.14% | 32.57% |
| 2024 | 38.87% | 59.13% | 25.76% | -12.22% | 55.72% | 22.60% | -14.68% | -1.60% | -0.34% | 16.45% | 6.10% | -7.65% | 344.58% |
| 2023 | 52.21% | 27.37% | 29.52% | -0.98% | 55.62% | 16.14% | 15.07% | 6.86% | -18.11% | -10.51% | 21.89% | 7.81% | 432.18% |
| 2022 | -28.71% | -28.71% |
Benchmark Metrics
GraniteShares 2x Long NVDA Daily ETF has an annualized alpha of 79.10%, beta of 3.92, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since December 13, 2022.
- This ETF captured 900.35% of S&P 500 Index gains and 196.14% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.42 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
- 79.10%
- Beta
- 3.92
- R²
- 0.42
- Upside Capture
- 900.35%
- Downside Capture
- 196.14%
Expense Ratio
NVDL has a high expense ratio of 1.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NVDL ranks 31 for risk / return — below 31% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for GraniteShares 2x Long NVDA Daily ETF (NVDL) 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.
| NVDL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.34 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 2.52 | -1.01 |
| Martin ratioReturn relative to average drawdown | 3.39 | 11.31 | -7.93 |
Dividends
Dividend History
GraniteShares 2x Long NVDA Daily ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $1.69 |
Dividend yield | 0.00% | 0.00% | 0.00% | 11.29% |
Monthly Dividends
The table displays the monthly dividend distributions for GraniteShares 2x Long NVDA Daily ETF. 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $1.69 | $1.69 |
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 GraniteShares 2x Long NVDA Daily ETF. 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 GraniteShares 2x Long NVDA Daily ETF was 67.55%, occurring on Apr 4, 2025. Recovery took 77 trading sessions.
The current GraniteShares 2x Long NVDA Daily ETF drawdown is 26.28%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -67.55%Apr 2025 | 9mo 18d | 3mo 25d | 1y 1moJun 2024 - Jul 2025 |
2026 bear market2026 | -42.23%Mar 2026 | 5mo 1d | 1mo 13d | 6mo 14dOct 2025 - May 2026 |
2024 bear market2024 | -37.75%Apr 2024 | 24d | 1mo 4d | 1mo 28dMar 2024 - May 2024 |
Bear market2022 | -32.63%Dec 2022 | 15d | 26d | 1mo 11dDec 2022 - Jan 2023 |
2026 bear market2026 | -29.31%Jun 2026 | 26d | — | 28d 6hMay 2026 - now |
Drawdown Indicators
| NVDL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.55% | -56.78% | -10.77% |
Max Drawdown (1Y)Largest decline over 1 year | -42.23% | -9.10% | -33.13% |
Max Drawdown (3Y)Largest decline over 3 years | -67.55% | -18.90% | -48.65% |
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 | -26.28% | -2.83% | -23.45% |
Average DrawdownAverage peak-to-trough decline | -17.00% | -10.72% | -6.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.76% | 2.02% | +16.74% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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