NVDD ETF — Direxion Daily NVDA Bear 1X Shares
Direxion Daily NVDA Bear 1X Shares (NVDD)
NVDD is an ETF that tracks the NVIDIA (NVDA). As of August 19, 2026, its distribution rate is 3.59%, its trailing-12-month yield is 4.01%, its expense ratio is 1.01%. Fund total return is -86.3% over the past 2.9 years, 470.3 points behind NVDA at 384.0%.
At the current 3.59% distribution rate, a $10,000 investment would generate approximately $359 per year, or $29.92 per month on an equivalent basis. Actual quarterly payments vary.
Direxion Daily NVDA Bear 1X Shares is an ETF that provides daily inverse exposure to NVIDIA stock, moving roughly opposite to NVDA on a one-to-one basis through derivatives including swaps and options. The fund carries a high expense ratio of 1.01% and distributes quarterly at a modest current rate. This fund appeals to traders and tactical investors seeking short-term bearish exposure to NVIDIA rather than buy-and-hold income investors.
NVDD dividend yield and income
Data as of August 19, 2026.
The distribution rate (3.59%) is the latest posted forward yield, paid quarterly. Trailing-12-month yield (4.01%) is the last year of payments divided by the current price. The last dividend was $0.2760. The last ex-dividend date was 06/23/2026. It was paid on 06/30/2026. At 3.59%, $10,000 would generate about $359 a year ($29.92 monthly-equivalent).
| Ex-date | Amount | vs year-ago payment |
|---|---|---|
| 2026-06-23 | $0.276 | -32.7% |
| 2026-03-24 | $0.258 | -48.4% |
| 2025-12-23 | $0.338 | -57.2% |
| 2025-09-23 | $0.36 | -50.7% |
| 2025-06-24 | $0.41 | -12.8% |
| 2025-03-25 | $0.5 | -58.3% |
| 2024-12-23 | $0.79 | -69.7% |
| 2024-09-24 | $0.73 | — |
| 2024-06-25 | $0.47 | — |
| 2024-03-19 | $1.2 | — |
| 2023-12-21 | $2.61 | — |
| 2023-12-08 | $0.31 | — |
| 2023 total | $2.92 | — |
| 2024 total | $3.19 | 9.2% |
| 2025 total | $1.608 | -49.6% |
| 2026 YTD total | $0.534 | -41.3% |
NVDD dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -49.27%. That is the seasonality-immune income comparison, not a single quarterly check versus the prior quarter. An annualized trend fit on recent payments is -37.24%. That fit can move with uneven quarterly amounts and is not the same as a trailing-12-month cut. The deepest trailing-12-month payout decline in the past five years is -19.18%.
| Window | Change |
|---|---|
| 1Y | -34.1% |
NVDD performance versus NVDA
Data as of August 19, 2026.
Fund total return is -86.3% over the past 2.9 years, 470.3 points behind NVDA at 384.0%. Its deepest 1-year drawdown was 31.6%.
| Window | Total return | CAGR |
|---|---|---|
| Since inception (2.9 years) | -86.3% | -49.20% |
NVDD key facts
Data as of August 19, 2026.
- Issuer
- Direxion
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 09/12/2023
- Expense ratio
- 1.01%
- Distribution rate
- 3.59%
- Distribution frequency
- Quarterly
- Trailing yield
- 4.01%
- Last close
- $30.71
- AUM
- $19,408,262
- Average volume
- 132222.0
- Last dividend
- $0.2760
- Ex-dividend date
- 06/23/2026
- Payment date
- 06/30/2026
- Beta
- -1.815
How Dividend Vision calculates yield and returns
Distribution rate (3.59%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (4.01%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.
Distribution rate methodology · Distribution Safety Score methodology · SEC yield
Sources and review
Data as of August 19, 2026.
Primary sources: Direxion; 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.
NVDD risks and drawbacks
NVDD's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed NVDA over the available window. The deepest 1-year drawdown on record here is 31.6%.
Who may consider NVDD — and who may not
NVDD may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (NVDD pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching NVDA total return. This is educational context, not a recommendation to buy or sell.
Frequently asked questions
Does NVDD pay monthly?
No. NVDD currently pays quarterly, not monthly.
What index does NVDD track?
NVDD tracks the NVIDIA (NVDA).
What is NVDD's expense ratio?
NVDD's expense ratio is 1.01%.
What is NVDD's dividend yield?
NVDD currently yields 3.59%, paid quarterly, with a 1.01% expense ratio.
How has NVDD's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -49.27%. That is not a single quarter versus the prior quarter.
When does NVDD pay a dividend?
NVDD pays quarterly. The last dividend was $0.2760. The last ex-dividend date was 06/23/2026. It was paid on 06/30/2026.
How has NVDD performed?
Fund total return is -86.3% over the past 2.9 years, 470.3 points behind NVDA at 384.0%. Its deepest 1-year drawdown was 31.6%.
Is NVDD a good investment?
It currently yields 3.59%. Compare peers below rather than treating any single figure as a buy or sell.
More funds from Direxion.
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