Direxion Daily NVDA Bull 2X and Bear 1X ETFs
The Direxion Daily NVDA Bull 2X ETF (NVDU) and Direxion Daily NVDA Bear 1X ETF (NVDD) seek daily investment results, before fees and expenses, of 200% and 100% of the inverse (or opposite), respectively, of the performance of the common shares of NVIDIA Corporation (NASDAQ: NVDA).
Investing in the funds involves a high degree of risk. Unlike traditional ETFs, or even other leveraged and/or inverse ETFs, these leveraged and/or inverse single-stock ETFs track the price of a single stock rather than an index, eliminating the benefits of diversification. Leveraged and inverse ETFs pursue daily leveraged investment objectives, which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying stock’s performance over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments. The Funds will lose money if the underlying stock’s performance is flat, and it is possible that the Bull Fund will lose money even if the underlying stock’s performance increases, and the Bear Fund will lose money even if the underlying stock’s performance decreases, over a period longer than a single day. Investing in the Funds is not equivalent to investing directly in NVDA.
NVDU
NVDD
Operational Updates
- 08/29/2025
Direxion Announces Reverse Split of NVDD on 9/26/25
Read the full Press Release - 12/12/2024
Direxion will pay capital gains distributions on select ETFs, including NVDU
View Latest Distributions
Documents & Downloads
Pricing & Performance
NAV and Market Price information as of 06/03/2026.
| 1M | 3M | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception (09/13/2023) | Expense Ratio* (Gross / Net%) | |
|---|---|---|---|---|---|---|---|---|---|
| NVDU NAV | 9.91 | 34.23 | 16.59 | 96.01 | — | — | — | 102.77 | 0.92 / 0.92* |
| NVDU Market Close | 9.86 | 34.35 | 16.83 | 98.19 | — | — | — | 104.41 | 0.92 / 0.92* |
| NVDD NAV | -5.88 | -17.16 | -13.56 | -37.94 | — | — | — | -50.93 | 1.01 / 1.01* |
| NVDD Market Close | -6.01 | -17.48 | -13.82 | -38.81 | — | — | — | -51.15 | 1.01 / 1.01* |
As of May 31, 2026
The Primary Listing Exchange is the NASDAQ.
*The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.95%. The Funds’ adviser, Rafferty Asset Management, LLC (“Rafferty”), has entered into an Operating Expense Limitation Agreement with each Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse the Funds for Other Expenses through September 1, 2027, to the extent that a Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense ratio would be higher.
Single Stock Exposure
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, graphics and compute & networking. NVDA is registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Information provided to or filed with the Securities and Exchange Commission, including audited financial statements, by NVIDIA Corporation pursuant to the Exchange Act can be located by reference to the Securities and Exchange Commission file number 000-23985 through the Securities and Exchange Commission’s website at www.sec.gov. In addition, information regarding NVIDIA Corporation may be obtained from other sources including, but not limited to, press releases, newspaper articles and other publicly disseminated documents.
Important Information Regarding NVDU
The Direxion Daily NVDA Bull 2X ETF (NVDU) seeks 200% daily leveraged investment results and thus will have an increase of volatility relative to the underlying NVDA performance itself. Longer holding periods, higher volatility of NVDA and leverage increase the impact of compounding on an investor’s returns. During periods of higher NVDA volatility, the volatility of NVDA may affect the fund’s performance.
Important Information Regarding NVDD
The Direxion Daily NVDA Bear 1X ETF (NVDD) seeks daily inverse investment results and is very different from most other exchange-traded funds. Longer holding periods and higher volatility of NVDA increase the impact of compounding on an investor’s returns. During periods of higher volatility, the volatility of NVDA may affect the fund’s return as much as, or more than, the return of NVDA.
Distributions
NVDU Direxion Daily NVDA Bull 2X ETF
| Record Date | Ex Date | Pay Date | Income Dividend | Short-Term Capital Gain | Long-Term Capital Gain | Expand |
|---|---|---|---|---|---|---|
| 03/24/2026 | 03/24/2026 | 03/31/2026 | 0.52536 | — | — | |
| 12/23/2025 | 12/23/2025 | 12/31/2025 | 0.71958 | — | — | |
| 12/10/2025 | 12/10/2025 | 12/17/2025 | 0.00000 | 4.43886 | — | |
| 09/23/2025 | 09/23/2025 | 09/30/2025 | 0.49732 | — | — | |
Record Date03/24/2026 Ex Date03/24/2026 Pay Date03/31/2026 Income Dividend0.52536 Short-Term Capital Gain— Long-Term Capital Gain— Record Date12/23/2025 Ex Date12/23/2025 Pay Date12/31/2025 Income Dividend0.71958 Short-Term Capital Gain— Long-Term Capital Gain— Record Date12/10/2025 Ex Date12/10/2025 Pay Date12/17/2025 Income Dividend0.00000 Short-Term Capital Gain4.43886 Long-Term Capital Gain— Record Date09/23/2025 Ex Date09/23/2025 Pay Date09/30/2025 Income Dividend0.49732 Short-Term Capital Gain— Long-Term Capital Gain— | ||||||
NVDD Direxion Daily NVDA Bear 1X ETF
| Record Date | Ex Date | Pay Date | Income Dividend | Short-Term Capital Gain | Long-Term Capital Gain | Expand |
|---|---|---|---|---|---|---|
| 03/24/2026 | 03/24/2026 | 03/31/2026 | 0.25812 | — | — | |
| 12/23/2025 | 12/23/2025 | 12/31/2025 | 0.33783 | — | — | |
| 09/23/2025 | 09/23/2025 | 09/30/2025 | 0.03607 | — | — | |
| 06/24/2025 | 06/24/2025 | 07/01/2025 | 0.04081 | — | — | |
Record Date03/24/2026 Ex Date03/24/2026 Pay Date03/31/2026 Income Dividend0.25812 Short-Term Capital Gain— Long-Term Capital Gain— Record Date12/23/2025 Ex Date12/23/2025 Pay Date12/31/2025 Income Dividend0.33783 Short-Term Capital Gain— Long-Term Capital Gain— Record Date09/23/2025 Ex Date09/23/2025 Pay Date09/30/2025 Income Dividend0.03607 Short-Term Capital Gain— Long-Term Capital Gain— Record Date06/24/2025 Ex Date06/24/2025 Pay Date07/01/2025 Income Dividend0.04081 Short-Term Capital Gain— Long-Term Capital Gain— | ||||||
Documents
Operational Updates
- 08/29/2025
Direxion Announces Reverse Split of NVDD on 9/26/25
Read the full Press Release - 12/12/2024
Direxion will pay capital gains distributions on select ETFs, including NVDU
View Latest Distributions
Documents & Downloads
Browse Other Funds
AI Market Insights
As of June 03, 2026The information provided in AI Market Insights above is obtained or derived from sources believed by the investment adviser, Rafferty Asset Management, LLC (“Rafferty”), to be reliable. However, Rafferty does not make any representation or warranty, express or implied, as to the information’s accuracy or completeness, nor does Rafferty recommend that the information serve as the basis of any investment decision.
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