Daily NVDA Bull 2X ETF (NVDU) Performance
NVDU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +5.8% since Dec 31, 2025
- 1 year
- +5.6% total return
- 3 years
- +88.4% a year
- Since first price
- +78.4% a year since 2023
NVDU trailing returns vs SPY, QQQ, AGG
| Period | NVDU total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −13.7% | −13.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.3% | −3.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −1.1% | −2.1% | +7.8% | +8.4% | −1.5% |
| YTD | +5.8% | +4.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +5.6% | −0.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +568.4%+88.4%/yr | +430.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionSep 13, 2023 | +505.4%+78.4%/yr | +380.8% | — | — | — |
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: NVDU vs SPY
From Sep 13, 2023: NVDU grew to $60,540, SPY to $17,711.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NVDU returns by calendar year
2 of 2 full years positive. Best 2024 (+289.3%), worst 2025 (+33.7%). 2026 is year to date.
NVDU annual returns table
| Year | NVDU | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +5.8% | −38.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +33.7% | −66.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +289.3% | −51.1% | +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.
NVDU largest drawdowns
Now 27.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 7, 2024 | −67.3% | Apr 4, 2025 | Jul 24, 2025 | 5 months | 9 months |
| Jun 18, 2024 | −51.1% | Aug 7, 2024 | Nov 7, 2024 | 50 days | 5 months |
| Oct 29, 2025 | −42.3% | Mar 30, 2026 | May 12, 2026 | 5 months | 6 months |
| May 14, 2026 | −38.4% | Jul 29, 2026 | not yet | 2 months | 5 months so far |
| Mar 25, 2024 | −36.0% | Apr 19, 2024 | May 23, 2024 | 25 days | 59 days |
| Oct 12, 2023 | −21.2% | Oct 26, 2023 | Nov 10, 2023 | 14 days | 29 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
NVDU risk statistics
| Statistic | 3 years |
|---|---|
| Annualized return | +97.7% |
| Volatility (annualized) | 72.9% |
| Sharpe ratio | 1.23 |
| Sortino ratio | 2.72 |
| Best month | +56.6% |
| Worst month | −27.1% |
| Best 12 months | +422.8% |
| Worst 12 months | −7.1% |
| Positive months | 61% |
| Beta vs S&P 500 | 3.81 |
| 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.
NVDU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 26 | −14.0% | +51.0% | +422.8% | 85% |
| 3-year (a year) | 2 | +93.5% | +95.6% | +97.7% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
NVDU performance overview
Daily NVDA Bull 2X ETF (NVDU) returned +5.6% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +78.4% a year, turning $10,000 into about $60,540. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −67.3%, from Nov 7, 2024 to Apr 4, 2025, and it took 4 months to get back to the old high. Volatility has been 72.9% a year.
Related: NVDU chart, NVDU dividends. See the NVDU overview for the latest quote and fund facts.
NVDU performance FAQ
What is the NVDU return over the past year?
NVDU returned +5.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 0.4%.
How much would $10,000 invested in NVDU be worth?
$10,000 invested in NVDU at its first recorded close on September 13, 2023 would be worth about $60,540 on October 23, 2026 with distributions reinvested.
What was the worst year for NVDU?
The worst calendar year was 2025, with a total return of +33.7%. The best was 2024 at +289.3%.
What is the biggest drawdown of NVDU?
The largest peak-to-trough decline was −67.3% between November 7, 2024 and April 4, 2025. It recovered to the old high on July 24, 2025, 4 months after the bottom.
How volatile is NVDU?
Over the past 3 years NVDU had an annualized volatility of 72.9% and a Sharpe ratio of 1.23 (excess return over 1–3 month T-bills per unit of risk).