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NVDUDirexion Daily Nvda Bull 2X Shares

Take a bet2y track recordRanked #107 of 775 in this goal

Seeks daily investment results of 200% of the daily performance of NVDA.

By Direxion Funds · Launched 2023

Annual Cost

0.92%

#4,574 of 5,562 · expensive

Fund Size

$680M

#1,345 of 5,562 · large

Return (1Y)Goal

+69.4%

Track Record

2 years

#3,146 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$16,617+66.2%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Sector

Information technology

Focus

Single Stock

What it actually holds

By weight

Concentration

Top 10 holdings = 123.4% of fundconcentrated

DREYFUS GOVERNMENT CASH MANAGE
43.9%
GOLDMAN SACHS LIQ ES FD A
22.5%
DREYFUS
14.4%
NVIDIA Corp.
13.1%
N/A
8.6%
GOLDMAN FINANCIAL
6.3%
N/A
5.0%
N/A
3.7%
N/A
3.6%
N/A
2.3%

Asset allocation

Cash
76.3%
Stocks
23.7%

By sector

Technology
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
70.0%High

Year-on-year price swings

Max drawdown
-67.3%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
NASDAQ Global Market, NASDAQ Global Select Market

Full fund details

Objective
Seeks daily investment results of 200% of the daily performance of NVDA.
Strategy
Invests primarily in NVDA securities and financial instruments like swap agreements to achieve 2x daily leveraged exposure. The fund rebalances daily to maintain this exposure, resulting in high portfolio turnover.
Inception date
September 12, 2023
Fund family
Direxion Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Leveraged ETF — not a long-term hold

This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.

Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Why we flagged this: strategy=leveraged + leveraged_name_or_strategy

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 2026-06-19