Direxion Daily NVDA Bear 1X Shares (NVDD) Performance
NVDD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −16.3% since Dec 31, 2025
- 1 year
- −19.1% total return
- 3 years
- −48.7% a year
- Since first price
- −46.7% a year since 2023
NVDD trailing returns vs SPY, QQQ, AGG
| Period | NVDD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +6.9% | +6.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.6% | −4.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −9.2% | −11.4% | +7.8% | +8.4% | −1.5% |
| YTD | −16.3% | −18.9% | +12.3% | +15.1% | −1.0% |
| 1 year | −19.1% | −22.3% | +14.4% | +15.9% | −1.1% |
| 3 years | −86.5%−48.7%/yr | −88.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionSep 13, 2023 | −85.8%−46.7%/yr | −87.4% | — | — | — |
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: NVDD vs SPY
From Sep 13, 2023: NVDD grew to $1,416, SPY to $17,711.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NVDD returns by calendar year
0 of 2 full years positive. Best 2025 (−38.7%), worst 2024 (−69.7%). 2026 is year to date.
NVDD annual returns table
| Year | NVDD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −16.3% | −33.8% | +12.3% | +15.1% | −1.0% |
| 2025 | −38.7% | −57.0% | +17.7% | +20.8% | +7.2% |
| 2024 | −69.7% | −73.7% | +24.9% | +25.6% | +1.3% |
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.
NVDD largest drawdowns
Now 87.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 26, 2023 | −88.8% | Oct 6, 2026 | not yet | 2.9 years | 3.0 years so far |
| Sep 21, 2023 | −12.5% | Oct 12, 2023 | Oct 26, 2023 | 21 days | 35 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
NVDD risk statistics
| Statistic | 3 years |
|---|---|
| Annualized return | −50.0% |
| Volatility (annualized) | 32.0% |
| Sharpe ratio | -2.07 |
| Sortino ratio | -1.91 |
| Best month | +13.5% |
| Worst month | −24.8% |
| Best 12 months | −16.2% |
| Worst 12 months | −74.6% |
| Positive months | 31% |
| Beta vs S&P 500 | -1.67 |
| Correlation with S&P 500 | -0.65 |
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.
NVDD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 26 | −74.6% | −41.1% | −9.9% | 0% |
| 3-year (a year) | 2 | −50.0% | −49.8% | −49.6% | 0% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
NVDD performance overview
Direxion Daily NVDA Bear 1X Shares (NVDD) returned −19.1% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned −46.7% a year, turning $10,000 into about $1,416. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −88.8%, from Oct 26, 2023 to Oct 6, 2026; the fund has not yet regained that high. Volatility has been 32.0% a year.
Related: NVDD chart, NVDD dividends. See the NVDD overview for the latest quote and fund facts.
NVDD performance FAQ
What is the NVDD return over the past year?
NVDD returned −19.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 22.3%.
How much would $10,000 invested in NVDD be worth?
$10,000 invested in NVDD at its first recorded close on September 13, 2023 would be worth about $1,416 on October 23, 2026 with distributions reinvested.
What was the worst year for NVDD?
The worst calendar year was 2024, with a total return of −69.7%. The best was 2025 at −38.7%.
What is the biggest drawdown of NVDD?
The largest peak-to-trough decline was −88.8% between October 26, 2023 and October 6, 2026. It has not yet recovered to that high; it is 87.4% below its peak.
How volatile is NVDD?
Over the past 3 years NVDD had an annualized volatility of 32.0% and a Sharpe ratio of -2.07 (excess return over 1–3 month T-bills per unit of risk).