Direxion Daily NVDA Bull 2X Shares ETF (NVDU)
The ETF aims to achieve leveraged exposure to NVDA by investing at least 80% of its assets in NVDA securities and related financial instruments, with the fund being non-diversified.
ETF Info
| Issuer | Direxion |
|---|---|
| Inception Date | Sep 13, 2023 |
| Category | Leveraged Equities |
| Leveraged | 2x |
| Index Tracked | No Index (Active) |
| Distribution Policy | Distributing |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
NVDU has a high expense ratio of 1.04%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: NVDU vs. NVDL, NVDU vs. NVDA, NVDU vs. NVDX, NVDU vs. SMH, NVDU vs. SWPPX, NVDU vs. aapu, NVDU vs. MSFT, NVDU vs. USD, NVDU vs. aapx, NVDU vs. bitx
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Direxion Daily NVDA Bull 2X Shares ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Direxion Daily NVDA Bull 2X Shares ETF had a return of 380.69% year-to-date (YTD) and 373.54% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 380.69% | 25.48% |
| 1 month | 10.31% | 2.14% |
| 6 months | 94.32% | 12.76% |
| 1 year | 373.54% | 33.14% |
| 5 years (annualized) | N/A | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of NVDU, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 37.17% | 43.42% | 20.53% | -12.23% | 56.62% | 23.48% | -14.83% | -0.74% | 0.06% | 16.68% | 380.69% | ||
| 2023 | -6.91% | -10.23% | 21.87% | 7.97% | 9.96% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of NVDU is 85, placing it in the top 15% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Direxion Daily NVDA Bull 2X Shares ETF (NVDU) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Direxion Daily NVDA Bull 2X Shares ETF provided a 1.08% dividend yield over the last twelve months, with an annual payout of $1.42 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $1.42 | $0.18 |
Dividend yield | 1.08% | 0.64% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily NVDA Bull 2X Shares 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $1.24 | |
| 2023 | $0.18 | $0.18 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily NVDA Bull 2X Shares 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 Direxion Daily NVDA Bull 2X Shares ETF was 51.13%, occurring on Aug 7, 2024. Recovery took 65 trading sessions.
The current Direxion Daily NVDA Bull 2X Shares ETF drawdown is 3.41%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -51.13% | Jun 20, 2024 | 34 | Aug 7, 2024 | 65 | Nov 7, 2024 | 99 |
| -35.98% | Mar 26, 2024 | 18 | Apr 19, 2024 | 24 | May 23, 2024 | 42 |
| -21.22% | Oct 13, 2023 | 10 | Oct 26, 2023 | 11 | Nov 10, 2023 | 21 |
| -14.78% | Sep 15, 2023 | 5 | Sep 21, 2023 | 14 | Oct 11, 2023 | 19 |
| -14.69% | Nov 21, 2023 | 9 | Dec 4, 2023 | 23 | Jan 8, 2024 | 32 |
Volatility
Volatility Chart
The current Direxion Daily NVDA Bull 2X Shares ETF volatility is 20.45%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.