NVDS ETF — AXS 1.25X NVDA Bear Daily ETF
AXS 1.25X NVDA Bear Daily ETF (NVDS)
NVDS is an ETF. its distribution rate is 21.54%, its trailing-12-month yield is 21.54%, its expense ratio is 1.15%. Total return is -99.8% over the past 4.2 years, 213.0 points behind SPY at 113.2%.
At the current 21.54% distribution rate, a $10,000 investment would generate approximately $2,154 per year if the next payment matches the last regular one.
NVDS dividend yield and income
Price as of 2026-09-18.
The distribution rate (21.54%) is the latest posted forward yield, paid annual. Trailing-12-month yield (21.54%) is the last year of payments divided by the current price. The last dividend was $3.975. The last ex-dividend date was 12/23/2025. It was paid on 12/26/2025. At the current 21.54% distribution rate, a $10,000 investment would generate approximately $2,154 per year if the next payment matches the last regular one.
| Ex-date | As paid | Per current share | Change from previous payment |
|---|---|---|---|
| 2025-12-23 | $3.975 | $3.975 | -63.1% |
| 2024-12-23 | $3.586 | $10.758 | -83.2% |
| 2023-12-26 | $4.272 | $64.08 | -92.4% |
| 2022-12-27 | $11.295 | $847.125 | — |
| 2022 total (partial launch year) | — | $847.125 | — |
| 2023 total | — | $64.08 | — |
| 2024 total | — | $10.758 | -83.2% |
| 2025 total | — | $3.975 | -63.1% |
NVDS dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -63.1%. The 1Y row below uses this same adjacent TTM cash-window comparison.
| Window | Change |
|---|---|
| 1Y | -63.1% |
| 3Y | 0.0% |
| 5Y | 0.0% |
NVDS holdings and sector exposure
Holdings are not available for this snapshot.
NVDS performance versus SPY
Price and return data through 2026-09-18.
Total return is -99.8% over the past 4.2 years, 213.0 points behind SPY at 113.2%. Over the past year its total return — price change plus distributions reinvested — is -42.2%. Its deepest 1-year drawdown was 47.9%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -4.1% | — |
| 3M | -13.0% | — |
| 6M | -35.1% | — |
| YTD | -34.1% | — |
| 1Y | -42.2% | — |
| 2Y CAGR | — | -54.90% |
| 3Y CAGR | — | -64.00% |
| Since inception (4.2 years) | -99.8% | -78.60% |
NVDS key facts
- Issuer
- AXS
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 07/13/2022
- Expense ratio
- 1.15%
- Distribution rate
- 21.54%
- Distribution frequency
- Annual
- Trailing yield
- 21.54%
- Last close
- $18.45 (as of 2026-09-18)
- NAV
- $19.53
- Premium / discount
- 5.53% discount
- AUM
- $12,237,287
- Average volume
- 243800.0
- Last dividend
- $3.975
- Last ex-dividend date
- 12/23/2025 (as of 2025-12-23)
- Last payment date
- 12/26/2025 (as of 2025-12-26)
- Beta
- -2.37
- P/E ratio
- 28.04
How Dividend Vision calculates yield and returns
Distribution rate (21.54%) 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 (21.54%) 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: 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 47.9%.
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's distribution rate is 21.54%, paid annual, with a 1.15% expense ratio — the latest regular payout annualised, not a trailing 12-month yield (data as of September 18, 2026).
How has NVDS's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -63.1%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does NVDS pay a dividend?
NVDS pays annual. The last dividend was $3.975. The last ex-dividend date was 12/23/2025. It was paid on 12/26/2025.
How has NVDS performed?
Total return is -99.8% over the past 4.2 years, 213.0 points behind SPY at 113.2%. Over the past year its total return — price change plus distributions reinvested — is -42.2%. Its deepest 1-year drawdown was 47.9%.
Is NVDS a good investment?
Its distribution rate is 21.54% (the latest regular payout annualised, not a trailing yield). Compare peers below rather than treating any single figure as a buy or sell.
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