NVDL ETF — GraniteShares 2x Long NVDA Daily ETF

GraniteShares 2x Long NVDA Daily ETF (NVDL)

Updated October 16, 2026.

NVDL is an ETF linked to NVIDIA (NVDA). its expense ratio is 1.05%. Total return is 2350.8% over the past 3.8 years, 1262.0 points ahead of NVDA at 1088.8%.

GraniteShares 2x Long NVDA Daily ETF is an actively managed ETF that seeks to deliver twice the daily percentage change of NVIDIA stock through swaps, options, and direct stock purchases. The fund does not currently distribute income to shareholders and carries an expense ratio of 1.05%. This leveraged fund appeals to traders and tactical investors seeking amplified short-term exposure to NVIDIA price movements, rather than long-term income or diversified equity investors.

NVDL performance versus NVDA

Price and return data through 2026-10-16.

Total return is 2350.8% over the past 3.8 years, 1262.0 points ahead of NVDA at 1088.8%. Over the past year its total return — price change plus distributions reinvested — is 9.1%. Its deepest 1-year drawdown was 42.2%.

NVDL key facts

Issuer

GraniteShares

Asset type

ETF

Asset class

Equity

Inception date

12/12/2022

Expense ratio

1.05%

Distribution frequency

None

Last close

$31.98 (as of 2026-10-16)

AUM

$3,179,090,061

Average volume

8028100.0

Ex-dividend date

12/27/2023

Payment date

12/29/2023

Beta

3.89

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: GraniteShares; Index: NVIDIA (NVDA); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

NVDL risks and drawbacks

The deepest 1-year drawdown on record here is 42.2%.

Who may consider NVDL — and who may not

It is a weaker fit for investors who need monthly cash flow (NVDL does not currently distribute). This is educational context, not a recommendation to buy or sell.

More on NVDL

• All tickers starting with N

Tagged: Leverage.

Frequently asked questions

More securities from GraniteShares.