DV
Dividend Vision

NVDS ETF — AXS 1.25X NVDA Bear Daily ETF

AXS 1.25X NVDA Bear Daily ETF (NVDS)

NVDS is an ETF. As of August 19, 2026, its distribution rate is 20.66%, its trailing-12-month yield is 20.66%, its expense ratio is 1.15%. Dividend Vision Distribution Safety Score™ is 31/100 (Elevated risk). Fund total return is -99.8% over the past 4.1 years, 214.0 points behind SPY at 114.2%.

At the current 20.66% distribution rate, a $10,000 investment would generate approximately $2,066 per year, or $172.17 per month on an equivalent basis. Actual annual payments vary.

NVDS dividend yield and income

Data as of August 19, 2026.

The distribution rate (20.66%) is the latest posted forward yield, paid annual. Trailing-12-month yield (20.66%) is the last year of payments divided by the current price. The last dividend was $3.9750. The last ex-dividend date was 12/23/2025. It was paid on 12/26/2025. At 20.66%, $10,000 would generate about $2,066 a year ($172.17 monthly-equivalent).

4 payments
Ex-dateAmountvs year-ago payment
2025-12-23$3.975-63.1%
2024-12-23$10.758-83.2%
2023-12-26$64.08-92.4%
2022-12-27$847.125—
2022 total$847.125—
2023 total$64.08-92.4%
2024 total$10.758-83.2%
2025 total$3.975-63.1%

NVDS dividend growth

TTM income vs the prior window
WindowChange
1Y-77.0%

NVDS performance versus SPY

Data as of August 19, 2026.

Fund total return is -99.8% over the past 4.1 years, 214.0 points behind SPY at 114.2%. Its deepest 1-year drawdown was 47.1%.

WindowTotal returnCAGR
Since inception (4.1 years)-99.8%-79.10%
3Y CAGR—-63.80%

NVDS key facts

Data as of August 19, 2026.

Distribution Safety Score™
31 · Elevated risk
Issuer
AXS
Asset type
ETF
Asset class
Equity
Inception date
07/13/2022
Expense ratio
1.15%
Distribution rate
20.66%
Distribution frequency
Annual
Trailing yield
20.66%
Last close
$19.24
AUM
$16,014,258
Average volume
195298.0
Last dividend
$3.9750
Ex-dividend date
12/23/2025
Payment date
12/26/2025
Beta
-2.29
P/E ratio
26.6787

How Dividend Vision calculates yield and returns

Distribution rate (20.66%) 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 (20.66%) 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: AXS; 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.

NVDS risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 47.1%.

Who may consider NVDS — and who may not

It is a weaker fit for investors who need monthly cash flow (NVDS pays annual); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

Does NVDS pay monthly?

No. NVDS currently pays annual, not monthly.

What is NVDS's expense ratio?

NVDS's expense ratio is 1.15%.

What is NVDS's dividend yield?

NVDS currently yields 20.66%, paid annual, with a 1.15% expense ratio.

When does NVDS pay a dividend?

NVDS pays annual. The last dividend was $3.9750. The last ex-dividend date was 12/23/2025. It was paid on 12/26/2025.

How has NVDS performed?

Fund total return is -99.8% over the past 4.1 years, 214.0 points behind SPY at 114.2%. Its deepest 1-year drawdown was 47.1%.

Is NVDS a good investment?

NVDS's Dividend Vision Distribution Safety Score is 31 (Elevated risk). That is a risk signal, not investment advice. It currently yields 20.66%. Compare peers below rather than treating any single figure as a buy or sell.

More funds from AXS.