- 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
- Assets Under Management
- $625M
Share Price Chart
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Performance
NVDU Performance Chart
Direxion Daily NVDA Bull 2X Shares ETF (NVDU) is up 11.8% since the beginning of the year. NVDU is currently trading at $131 per share.
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Returns By Period
Direxion Daily NVDA Bull 2X Shares ETF (NVDU) has returned 11.81% so far this year and 67.40% over the past 12 months.
Direxion Daily NVDA Bull 2X Shares ETF
- 1D
- -1.73%
- 1M
- -8.04%
- YTD
- 11.81%
- 6M
- 14.78%
- 1Y
- 67.40%
- 3Y*
- —
- 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%
NVDU Monthly Returns History
Based on dividend-adjusted daily data since Sep 13, 2023, NVDU's average daily return is +0.44%, while the average monthly return is +7.70%. At this rate, an investment would double in approximately 0.8 years.
Historically, 59% of months were positive and 41% were negative. The best month was May 2024 with a return of +56.6%, while the worst month was Mar 2025 at -27.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 2 months.
On a daily basis, NVDU closed higher 55% of trading days. The best single day was Apr 9, 2025 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 | 3.70% | -16.14% | -5.33% | 29.17% | 9.86% | -4.29% | 11.81% | ||||||
| 2025 | -25.95% | 4.76% | -27.07% | -6.96% | 50.48% | 35.37% | 25.00% | -5.52% | 12.60% | 15.27% | -25.38% | 8.97% | 33.65% |
| 2024 | 37.17% | 43.42% | 20.53% | -12.23% | 56.62% | 23.48% | -14.83% | -0.74% | 0.06% | 16.68% | 6.41% | -7.92% | 289.29% |
| 2023 | -5.11% | -10.23% | 21.87% | 7.97% | 12.08% |
Benchmark Metrics
Direxion Daily NVDA Bull 2X Shares ETF has an annualized alpha of 34.29%, beta of 4.03, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since September 13, 2023.
- This ETF captured 571.07% of S&P 500 Index gains and 205.34% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.46 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
- 34.29%
- Beta
- 4.03
- R²
- 0.46
- Upside Capture
- 571.07%
- Downside Capture
- 205.34%
Expense Ratio
NVDU has a high expense ratio of 1.04%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NVDU ranks 30 for risk / return — below 30% 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 Direxion Daily NVDA Bull 2X Shares ETF (NVDU) 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.
| NVDU | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.78 | -1.18 |
| Martin ratioReturn relative to average drawdown | 3.52 | 12.44 | -8.92 |
Dividends
Dividend History
Direxion Daily NVDA Bull 2X Shares ETF provided a 5.18% dividend yield over the last twelve months, with an annual payout of $6.79 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $6.79 | $6.68 | $15.77 | $0.18 |
Dividend yield | 5.18% | 5.68% | 16.85% | 0.63% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.00 | $0.53 | ||||||
| 2025 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.61 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $5.16 | $6.68 |
| 2024 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $14.53 | $15.77 |
| 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.
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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 67.27%, occurring on Apr 4, 2025. Recovery took 75 trading sessions.
The current Direxion Daily NVDA Bull 2X Shares ETF drawdown is 23.85%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -67.27%Apr 2025 | 4mo 27d | 3mo 21d | 8mo 18dNov 2024 - Jul 2025 |
2024 bear market2024 | -51.13%Aug 2024 | 1mo 18d | 3mo 2d | 4mo 20dJun 2024 - Nov 2024 |
2026 bear market2026 | -42.27%Mar 2026 | 5mo 1d | 1mo 13d | 6mo 14dOct 2025 - May 2026 |
2024 bear market2024 | -35.98%Apr 2024 | 24d | 1mo 4d | 1mo 28dMar 2024 - May 2024 |
2026 bear market2026 | -29.33%Jun 2026 | 26d | — | 1mo 9dMay 2026 - now |
Drawdown Indicators
| NVDU | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.27% | -56.78% | -10.49% |
Max Drawdown (1Y)Largest decline over 1 year | -42.27% | -9.10% | -33.17% |
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 | -23.85% | -1.80% | -22.05% |
Average DrawdownAverage peak-to-trough decline | -18.90% | -10.71% | -8.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.21% | 2.03% | +17.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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