NVDL ETF — GraniteShares 2x Long NVDA Daily ETF

GraniteShares 2x Long NVDA Daily ETF (NVDL)

NVDL is an ETF linked to NVIDIA (NVDA). its expense ratio is 1.05%. Total return is 2572.2% over the past 3.8 years, 1438.2 points ahead of NVDA at 1134.0%.

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 2026-09-18.

Total return is 2572.2% over the past 3.8 years, 1438.2 points ahead of NVDA at 1134.0%. Over the past year its total return — price change plus distributions reinvested — is 24.3%. 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

$34.87 (as of 2026-09-18)

NAV

$32.40

Premium / discount

7.62% premium

AUM

$3,500,281,613

Average volume

8287500.0

Last ex-dividend date

12/27/2023 (as of 2023-12-27)

Last payment date

12/29/2023 (as of 2023-12-29)

Beta

3.92

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) 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 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. 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.

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); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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