T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) Performance
NVDX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.4% since Dec 31, 2025
- 1 year
- +0.0% total return
- 3 years
- +99.3% a year
- Since first price
- +101.3% a year since 2023
NVDX trailing returns vs SPY, QQQ, AGG
| Period | NVDX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −14.1% | −14.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −4.6% | −4.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −3.6% | −3.6% | +7.8% | +8.4% | −1.5% |
| YTD | +1.4% | +1.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +0.0% | −3.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +691.1%+99.3%/yr | +570.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionOct 19, 2023 | +721.9%+101.3%/yr | +597.0% | — | — | — |
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: NVDX vs SPY
From Oct 19, 2023: NVDX grew to $82,193, SPY to $18,479.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NVDX returns by calendar year
2 of 2 full years positive. Best 2024 (+384.0%), worst 2025 (+26.2%). 2026 is year to date.
NVDX annual returns table
| Year | NVDX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +1.4% | −39.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +26.2% | −66.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +384.0% | −51.3% | +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.
NVDX largest drawdowns
Now 29.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 18, 2024 | −68.2% | Apr 4, 2025 | Jul 30, 2025 | 10 months | 1.1 years |
| Oct 29, 2025 | −43.8% | Mar 30, 2026 | May 13, 2026 | 5 months | 6 months |
| May 14, 2026 | −39.1% | Jul 29, 2026 | not yet | 2 months | 5 months so far |
| Mar 25, 2024 | −37.6% | Apr 19, 2024 | May 23, 2024 | 25 days | 59 days |
| Nov 20, 2023 | −19.4% | Dec 4, 2023 | Jan 8, 2024 | 14 days | 49 days |
| Aug 12, 2025 | −18.1% | Sep 5, 2025 | Sep 30, 2025 | 24 days | 49 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
NVDX risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | +124.2% |
| Volatility (annualized) | 79.4% |
| Sharpe ratio | 1.34 |
| Sortino ratio | 3.20 |
| Best month | +60.0% |
| Worst month | −27.6% |
| Best 12 months | +612.2% |
| Worst 12 months | −11.7% |
| Positive months | 60% |
| 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.
NVDX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 25 | −18.3% | +41.3% | +612.2% | 76% |
| 3-year (a year) | 1 | +106.9% | +106.9% | +106.9% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
NVDX performance overview
T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) returned +0.0% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +101.3% a year, turning $10,000 into about $82,193. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −68.2%, from Jun 18, 2024 to Apr 4, 2025, and it took 4 months to get back to the old high. Volatility has been 79.4% a year.
Related: NVDX chart, NVDX dividends. See the NVDX overview for the latest quote and fund facts.
NVDX performance FAQ
What is the NVDX return over the past year?
NVDX returned +0.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 3.1%.
How much would $10,000 invested in NVDX be worth?
$10,000 invested in NVDX at its first recorded close on October 19, 2023 would be worth about $82,193 on October 23, 2026 with distributions reinvested.
What was the worst year for NVDX?
The worst calendar year was 2025, with a total return of +26.2%. The best was 2024 at +384.0%.
What is the biggest drawdown of NVDX?
The largest peak-to-trough decline was −68.2% between June 18, 2024 and April 4, 2025. It recovered to the old high on July 30, 2025, 4 months after the bottom.
How volatile is NVDX?
Over the past history NVDX had an annualized volatility of 79.4% and a Sharpe ratio of 1.34 (excess return over 1–3 month T-bills per unit of risk).