- ISIN
- US46144X8424
- Issuer
- AXS
- Inception Date
- Jul 13, 2022
- Region
- North America (U.S.)
- Category
- Inverse Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- NVIDIA Corporation (-125%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $17M
Share Price Chart
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Performance
NVDS Performance Chart
Tradr 1.25X NVDA Bear Daily ETF (NVDS) is down 23.3% since the beginning of the year. NVDS is currently trading at $21 per share.
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Returns By Period
Tradr 1.25X NVDA Bear Daily ETF (NVDS) has returned -23.31% so far this year and -51.18% over the past 12 months.
Tradr 1.25X NVDA Bear Daily ETF
- 1D
- 1.27%
- 1M
- 2.29%
- YTD
- -23.31%
- 6M
- -25.07%
- 1Y
- -51.18%
- 3Y*
- -63.11%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
NVDS Monthly Returns History
Based on dividend-adjusted daily data since Jul 14, 2022, NVDS's average daily return is -0.38%, while the average monthly return is -8.10%.
Historically, 29% of months were positive and 71% were negative. The best month was Sep 2022 with a return of +26.9%, while the worst month was May 2023 at -38.8%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 8 months.
On a daily basis, NVDS closed higher 46% of trading days. The best single day was Jan 27, 2025 with a return of +25.4%, while the worst single day was May 25, 2023 at -30.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.07% | 9.19% | 0.93% | -19.46% | -9.56% | -0.42% | -23.31% | ||||||
| 2025 | 7.51% | -8.96% | 17.93% | -11.38% | -29.38% | -21.24% | -16.74% | 2.82% | -10.50% | -12.88% | 19.92% | -8.17% | -58.18% |
| 2024 | -24.11% | -30.54% | -16.50% | 2.77% | -27.76% | -15.60% | 1.97% | -8.24% | -6.18% | -14.06% | -7.37% | 3.61% | -80.03% |
| 2023 | -32.73% | -23.56% | -20.97% | -0.00% | -38.82% | -13.95% | -12.19% | -8.73% | 16.95% | 7.47% | -16.00% | -6.91% | -83.15% |
| 2022 | -22.35% | 20.84% | 26.87% | -15.74% | -28.58% | 16.26% | -16.72% |
Benchmark Metrics
Tradr 1.25X NVDA Bear Daily ETF has an annualized alpha of -34.19%, beta of -2.90, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since July 14, 2022.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -77.16%), but participation in market rallies was also limited (-140.66%) - a profile typical of counter-cyclical assets.
- Beta of -2.90 may look defensive, but with R2 of 0.47 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.47 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
- -34.19%
- Beta
- -2.90
- R²
- 0.47
- Upside Capture
- -140.66%
- Downside Capture
- -77.16%
Expense Ratio
NVDS has a high expense ratio of 1.15%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NVDS ranks 1 for risk / return — in the bottom 1% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Tradr 1.25X NVDA Bear Daily ETF (NVDS) 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.
| NVDS | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.00 | ||
| Sortino ratioReturn per unit of downside risk | -4.23 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.37 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 2.78 | -3.67 |
| Martin ratioReturn relative to average drawdown | -1.41 | 12.44 | -13.85 |
Dividends
Dividend History
Tradr 1.25X NVDA Bear Daily ETF provided a 18.50% dividend yield over the last twelve months, with an annual payout of $3.97 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $3.97 | $3.97 | $10.76 | $64.08 | $169.43 |
Dividend yield | 18.50% | 14.19% | 14.11% | 14.69% | 5.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Tradr 1.25X NVDA Bear 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 | $3.97 | $3.97 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $10.76 | $10.76 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $64.08 | $64.08 |
| 2022 | $169.43 | $169.43 |
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 Tradr 1.25X NVDA Bear 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 Tradr 1.25X NVDA Bear Daily ETF was 99.40%, occurring on May 14, 2026. The portfolio has not yet recovered.
The current Tradr 1.25X NVDA Bear Daily ETF drawdown is 99.30%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -99.40%May 2026 | 3y 7mo | — | 3y 8moOct 2022 - now |
Bear market2022 | -28.12%Aug 2022 | 1mo 2d | 17d | 1mo 19dJul 2022 - Sep 2022 |
Bear market2022 | -11.34%Oct 2022 | 2d | 5d | 7dOct 2022 - Oct 2022 |
Bear market2022 | -9.07%Sep 2022 | 5d | 1d | 6dSep 2022 - Sep 2022 |
Bear market2022 | -4.73%Oct 2022 | 0s | 1d | 1dOct 2022 - Oct 2022 |
Drawdown Indicators
| NVDS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.40% | -56.78% | -42.62% |
Max Drawdown (1Y)Largest decline over 1 year | -58.10% | -9.10% | -49.00% |
Max Drawdown (3Y)Largest decline over 3 years | -95.90% | -18.90% | -77.00% |
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 | -99.30% | -1.80% | -97.50% |
Average DrawdownAverage peak-to-trough decline | -83.57% | -10.71% | -72.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.46% | 2.03% | +34.43% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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