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ETFs

Direxion Shares ETF Trust Direxion Daily NVDA Bull 1.5X Shares

NVDU
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Sep 13 2023
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
—
AUM
$9,453,200
Associated Index
None
Inverse/Leveraged
Leveraged (1.5x)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
DREYFUS GOVT CASH MAN INS
16.03%
n/a
DREYFUS TRSRY SECURITIES CASH MGMT
9.08%
NVDA
NVIDIA Corp
8.80%
n/a
GOLDMAN FINL SQ TRSRY INST 506
8.51%
n/a
GOLDMAN SACHS FIN GOV 465 INSTITUT
3.59%
Invest with NVDU

What is NVDU?

The Direxion Daily NVDA Bull 1.5X Shares (NVDU) seeks 150% 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.

ETFs related toNVDU

ETFs correlated to NVDU include NVDL, NVDY, USD

NVDU
Direxion Shares ETF Trust - Direxion Daily NVDA Bull 1.5X Shares
NVDL
GraniteShares ETF Trust - GraniteShares 1.5x Long NVDA Daily ETF
NVDY
Tidal Trust II - YieldMax NVDA Option Income Strategy ETF
USD
ProShares Trust - ProShares Ultra Semiconductors 2X Shares
SOXL
Direxion Shares ETF Trust - Direxion Daily Semiconductor Bull 3X Shares
SMH
VanEck ETF Trust - VanEck Semiconductor ETF
SOXX
BlackRock Institutional Trust Company N.A. - iShares Semiconductor ETF
SOXQ
Invesco Exchange-Traded Fund Trust II - Invesco PHLX Semiconductor ETF
QTUM
ETF Series Solutions Trust - Defiance Quantum ETF
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund
PSI
Invesco Capital Management LLC - Invesco Semiconductors ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toNVDU

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with NVDU using Composer

FAQ

NVDU is a US Equities ETF. The Direxion Daily NVDA Bull 1.5X Shares (NVDU) seeks 150% 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.

Yes, NVDU is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, NVDU is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on NVDU is %. This is the percent change in the value of NVDU over the most recent 1-month period. The 3-month return on NVDU is %. This is the percent change in the value of NVDU over the most recent 3-month period.

ETFs similar to NVDU include SSO, SPXL, and SDS.

ETFs correlated to NVDU include NVDL, NVDY, and USD.

ETFs that are inversely correlated to NVDU include NVDS, SOXS, and BERZ.

Yes, NVDU is a Leveraged (1.5x) ETF.

Yes, NVDU is a Leveraged (1.5x) leveraged ETF.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.