Understanding the LEVERAGE SHARES 2X LONG NVDA DAILY ETF (NVDG)

What this ETF is trying to do

The NVDG ETF is a specialized type of fund known as a single-stock leveraged ETF. This means it focuses on one specific company—in this case, NVIDIA (NVDA). Because it is "2X leveraged," it is designed to aim for twice the daily performance of that stock. It is important to know that leveraged ETFs are different from standard funds and can behave very differently than the underlying stock over longer periods.

What the numbers show

As of October 5, 2026, the current price of NVDG is $22.88. We can look at how the share price has moved using different timeframes:

• Year-to-Date (YTD) Price Return: The share price has increased by approximately 35.79% since the start of the year.

• One-Year Price Return: The share price has increased by approximately 13.04% over the last year.

• Total Return vs. Price Return: It is important to see the difference between these two. The one-year price return (the change in share price) was 13.04%, but the one-year total return (which includes distributions) was approximately 26.24%. The YTD figures for both price return and total return were the same at 35.79%.

To visualize this, if you had looked at an estimated price from roughly one year ago, it would have been about $20.24.

Income and distribution explanation

Some investors look for "yield," which is the cash an ETF pays out. NVDG has a distribution yield of approximately 8.70%. This is based on trailing distributions of about $1.99 per share. However, these payments are described as "irregular" or "less frequent," with only one payout recorded in the last 12 months. It is important to remember that a high yield does not guarantee that your original investment will stay the same value.

NAV erosion explanation

"NAV erosion" refers to a situation where the value of the underlying assets in the fund decreases significantly over time. For NVDG, the erosion-risk score is 100, and the label indicates "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.

Pros

• The ETF has shown positive price returns both year-to-date and over the last year.

• The total return over the last year was higher than the price return alone, thanks to distributions.

Cons

• This is a leveraged single-stock ETF, which carries different risks than a diversified fund.

• The distributions are irregular and do not happen on a set schedule.

Beginner takeaway

NVDG is a high-intensity tool designed to track the daily movement of NVIDIA with leverage. While it has shown significant price and total returns recently, investors should distinguish between the share-price movement (price return) and the total money earned including cash payments (total return). Always remember that high yields can exist even when prices are changing.