ProShares Ultra NVDA ETF (NVDB) Performance
NVDB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +3.7% since Dec 31, 2025
- 1 year
- +3.3% total return
- Since first price
- +5.9% since 2025
NVDB trailing returns vs SPY, QQQ, AGG
| Period | NVDB total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −14.0% | −14.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.9% | −4.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −2.3% | −3.5% | +7.8% | +8.4% | −1.5% |
| YTD | +3.7% | +1.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +3.3% | +0.8% | +14.4% | +15.9% | −1.1% |
| Since inceptionSep 10, 2025 | +5.9% | +3.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: NVDB vs SPY
From Sep 10, 2025: NVDB grew to $10,590, SPY to $11,811.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NVDB returns by calendar year
2026 is year to date.
NVDB annual returns table
| Year | NVDB | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +3.7% | −38.7% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
NVDB largest drawdowns
Now 28.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 29, 2025 | −42.9% | Mar 30, 2026 | May 13, 2026 | 5 months | 6 months |
| May 14, 2026 | −38.7% | Jul 29, 2026 | not yet | 2 months | 5 months so far |
| Oct 9, 2025 | −14.0% | Oct 15, 2025 | Oct 28, 2025 | 6 days | 19 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
NVDB risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +15.5% |
| Volatility (annualized) | 54.5% |
| Sharpe ratio | 0.45 |
| Sortino ratio | 0.72 |
| Best month | +29.4% |
| Worst month | −26.0% |
| Best 12 months | +15.5% |
| Worst 12 months | +15.5% |
| Positive months | 58% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
NVDB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 2 | −16.0% | −0.3% | +15.5% | 50% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
NVDB performance overview
ProShares Ultra NVDA ETF (NVDB) returned +3.3% over the past year, with distributions reinvested. Since its first recorded price on Sep 10, 2025 it has returned +5.9%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −42.9%, from Oct 29, 2025 to Mar 30, 2026, and it took 44 days to get back to the old high. Volatility has been 54.5% a year.
Related: NVDB chart, NVDB dividends. See the NVDB overview for the latest quote and fund facts.
NVDB performance FAQ
What is the NVDB return over the past year?
NVDB returned +3.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 0.8%.
How much would $10,000 invested in NVDB be worth?
$10,000 invested in NVDB at its first recorded close on September 10, 2025 would be worth about $10,590 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of NVDB?
The largest peak-to-trough decline was −42.9% between October 29, 2025 and March 30, 2026. It recovered to the old high on May 13, 2026, 44 days after the bottom.
How volatile is NVDB?
Over the past history NVDB had an annualized volatility of 54.5% and a Sharpe ratio of 0.45 (excess return over 1–3 month T-bills per unit of risk).