NVDDDirexion Daily NVDA Bear 1X Shares
Seeks daily investment results of -100% of the daily performance of NVDA.
By Direxion Funds · Launched 2023
1.01%
#5,243 of 5,861 · expensive
$19M
#4,514 of 5,861 · small
-15.4%
2 years
#3,069 of 5,861 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
EquityStrategy
Inverse
What it actually holds
By weightConcentration
single-stock bet — holdings shown are derivatives collateral, not diversification
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- NASDAQ Global Market, NASDAQ Global Select Market
Full fund details
- Objective
- Seeks daily investment results of -100% of the daily performance of NVDA.
- Strategy
- Invests at least 80% of net assets in financial instruments, including swaps and options, to provide 1X daily inverse exposure to NVDA. Concentrated in the information technology sector and semiconductor industry, the Fund rebalances daily to maintain its inverse exposure.
- Inception date
- September 12, 2023
- Fund family
- Direxion Funds
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
You can be right and still lose
This fund returns the opposite of its benchmark's daily move, then resets. Hold it longer and the daily compounding takes over: the market can move your way over a week and you still finish down. It works as a one-day hedge and nothing beyond that.
A fund-sized fee to own one company
This wraps a single stock, usually with an options overlay on top. You pay 0.50% to 1.00% a year for exposure you could hold directly, and any income comes from selling off your own upside. Owning the share itself costs less and keeps that upside intact.
Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009) · Israelov & Nielsen, 'Covered Calls Uncovered' (Financial Analysts Journal 2015)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-04