Both NVDL and NVDX seek 2x the daily price return of NVIDIA (NVDA) stock, but they are issued by different fund providers — GraniteShares (NVDL, expense ratio 1.15%) and Tuttle Capital Management (NVDX, expense ratio 1.05%) — making this a head-to-head comparison of nearly identical mandates. Because both ETFs reset their leverage daily, compounding effects can cause multi-day returns to diverge significantly from the stated 2x target, especially during periods of high volatility.
Use the interactive chart below to explore different time horizons and see how dividend reinvestment affects the comparison.