NVDB vs. BEX

Last updated Jun 6, 2026

NVDB (ProShares Ultra NVDA) and BEX (Tradr 2X Long BE Daily ETF) are both Leveraged Equities funds. NVDB is passively managed, while BEX is actively managed. A 0.55 correlation means they provide meaningful diversification when combined. NVDB charges 0.95%/yr vs 1.30%/yr for BEX.

Performance

NVDB vs. BEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra NVDA (NVDB) and Tradr 2X Long BE Daily ETF (BEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NVDB

• 1D: -11.96%
• 1M: -4.46%
• YTD: 8.52%
• 6M: 12.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BEX

• 1D: -18.87%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NVDB vs. BEX - Yearly Performance Comparison

	2026 (YTD)
NVDB ProShares Ultra NVDA	-9.21%
BEX Tradr 2X Long BE Daily ETF	-26.07%

Correlation

The correlation between NVDB and BEX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.55

Return for Risk

NVDB vs. BEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra NVDA (NVDB) and Tradr 2X Long BE Daily ETF (BEX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NVDB	BEX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	-0.57	+0.77

Drawdowns

NVDB vs. BEX - Drawdown Comparison

The maximum NVDB drawdown since its inception was -42.89%, which is greater than BEX's maximum drawdown of -26.07%. Use the drawdown chart below to compare losses from any high point for NVDB and BEX.

Drawdown Indicators

	NVDB	BEX	Difference
Max Drawdown Largest peak-to-trough decline	-42.89%	-26.07%	-16.82%
Current Drawdown Current decline from peak	-25.33%	-26.07%	+0.74%
Average Drawdown Average peak-to-trough decline	-18.84%	-11.43%	-7.41%

Volatility

Volatility by Period

	NVDB	BEX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	74.10%	187.58%	-113.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.10%	187.58%	-113.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.10%	187.58%	-113.48%

NVDB vs. BEX - Expense Ratio Comparison

NVDB has a 0.95% expense ratio, which is lower than BEX's 1.30% expense ratio.

Dividends

NVDB vs. BEX - Dividend Comparison

NVDB's dividend yield for the trailing twelve months is around 1.00%, while BEX has not paid dividends to shareholders.

Position	TTM	2025
BEX Tradr 2X Long BE Daily ETF	0.00%	0.00%
NVDB ProShares Ultra NVDA	1.00%	0.55%

Frequently Asked Questions

Can I hold both NVDB and BEX in my portfolio?

NVDB and BEX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NVDB or BEX?

On fees, NVDB is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NVDB or BEX?

NVDB is cheaper with a 0.95% expense ratio, compared with 1.30% for BEX.

Which ETF pays a higher dividend yield, NVDB or BEX?

NVDB has the higher dividend yield at 1.00%, compared with 0.00% for BEX.

What is the main difference between NVDB and BEX?

They also come from different issuers: ProShares and Tradr. Their fees differ too: 0.95% for NVDB and 1.30% for BEX.