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NVDS ETF — AXS 1.25X NVDA Bear Daily ETF
AXS 1.25X NVDA Bear Daily ETF (NVDS)
Updated November 6, 2026.
Verdict as of November 6, 2026 close
It pays annual and its distribution rate is 17.11%. The latest total cash payment per current share, $3.98 with an ex-date of December 23, 2025, was 63.1% lower than the previous $10.76. It is not yet confirmed whether this is a cut to the regular payout or a one-off difference.
Sources: AXS, Section 19a-1 notices, scoring methodology.
NVDS is an ETF. Its distribution rate is 17.11%, its trailing-12-month yield is 17.11%, its expense ratio is 1.15%. Total return is -99.8% over the past 4.3 years, 204.9 points behind SPY at 105.1%.
NVDS dividend yield and income
Price as of 2026-11-06.
The distribution rate (17.11%) has no calculation basis on file. Trailing-12-month yield (17.11%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $3.975. The ex-dividend date is 12/23/2025. The payment date is 12/26/2025.
| Ex-date | As paid | Per current share | Change from previous payment |
|---|---|---|---|
| 2025-12-23 | $3.975 | $3.975 | -63.1% Total cash (unclassified) |
| 2024-12-23 | $3.586 | $10.758 | -83.2% Total cash (unclassified) |
| 2023-12-26 | $4.272 | $64.08 | -92.4% Total cash (unclassified) |
| 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% |
NVDS performance versus SPY
Total return is -99.8% over the past 4.3 years, 204.9 points behind SPY at 105.1%. Over the past year its total return — price change plus distributions reinvested — is -9.5%. Its deepest 1-year drawdown was 48.9%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 46.6% | — |
| 3M | 25.1% | — |
| 6M | -1.0% | — |
| YTD | -13.6% | — |
| 1Y | -9.5% | — |
| 2Y CAGR | — | -38.70% |
| 3Y CAGR | — | -59.90% |
| Since 2022-07-14 (first price on file) · 4.3 years | -99.8% | -76.10% |
NVDS key facts
- Issuer
- AXS
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 07/13/2022
- Expense ratio
- 1.15%
- Distribution rate
- 17.11%
- Distribution frequency
- Annual
- Trailing yield
- 17.11%
- Last close
- $23.23 (as of 2026-11-06)
- AUM
- $13,607,985
- Average volume
- 179,153
- Dividend
- $3.975
- Ex-dividend date
- 12/23/2025
- Payment date
- 12/26/2025
- Beta
- -2.06
How Dividend Vision calculates yield and returns
Distribution rate (17.11%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (17.11%) 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: 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 48.9%.
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.
More on NVDS
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 17.11%, paid annual, with a 1.15% expense ratio — no calculation basis on file.
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 dividend amount is $3.975. The ex-dividend date is 12/23/2025. The payment date is 12/26/2025.
How has NVDS performed?
Total return is -99.8% over the past 4.3 years, 204.9 points behind SPY at 105.1%. Over the past year its total return — price change plus distributions reinvested — is -9.5%. Its deepest 1-year drawdown was 48.9%.
Is NVDS a good investment?
Its distribution rate is 17.11% (no calculation basis on file). Compare peers below rather than treating any single figure as a buy or sell.
More securities from AXS.
Tickers
It pays annual and its distribution rate is 17.11%. The latest total cash payment per current share, $3.98 with an ex-date of December 23, 2025, was 63.1% lower than the previous $10.76. It is not yet confirmed whether this is a cut to the regular payout or a one-off difference.
Sources: AXS, Section 19a-1 notices, scoring methodology.
Holdings as-of date unavailable.
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