Share-split context: A reverse split was recorded on Oct 21, 2025 with coefficient 0.333333. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.

ETF Education Report: NVDS

What this ETF is trying to do

The TRADR 1.5X SHORT NVDA DAILY ETF (NVDS) is a specialized type of investment. It is an "inverse" and "leveraged" ETF focused on a single stock. This means it is designed to move in the opposite direction of NVIDIA (NVDA) stock. Because it is leveraged, its price movements are intended to be 1.5 times the size of the inverse movement of the underlying stock.

What the numbers show

The current price of NVDS is $16.69. When looking at how the price has changed, it is important to look at different timeframes:

• Year-to-Date (YTD): The price return is approximately -40.42%. The total return is also approximately -40.42%.

• One Year: The price return was approximately -50.42%, while the total return was approximately -43.22%.

• Three Years: The price return was approximately -97.00%, and the total return was approximately -95.48%.

Note that "price return" only tracks the change in the share price. "Total return" includes the impact of distributions. Because this ETF has a history of reverse splits, we use split-adjusted returns to understand its performance. A reverse split happens when multiple old shares are combined into fewer new shares, which mechanically raises the per-share price.

Income and distribution explanation

NVDS has a distribution yield of approximately 23.82%. This represents the cash distributions relative to the ETF price. However, a high yield can sometimes be misleading. It does not mean an investor earned that percentage as their total return, and it does not guarantee that the original investment amount is safe. In this case, the total returns over one and three years have been significantly negative despite the high yield.

NAV erosion explanation

This ETF has a "severe erosion-risk flag." This means StockValueFinder's rules detected significant price deterioration. The fund has an erosion score of 10, which is labeled as "Severe price erosion."

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). While a falling market price is a "share-price decline," a high erosion score and the severe erosion-risk flag serve as measurements of risk regarding the stability of the fund's value.

Pros

• The ETF provides a way to express an inverse view of a single stock (NVDA) using leverage.

• It offers a high distribution yield.

Cons

• The ETF has experienced significant share-price declines over the last year and three years.

• It carries a severe erosion-risk flag.

• The distribution frequency is irregular and less frequent.

Beginner takeaway

NVDS is a highly specialized tool designed to bet against a single stock with leverage. Investors should be aware that high distribution yields do not prevent the share price from falling significantly. The severe erosion-risk flag and the history of negative total returns are important factors to understand when looking at this type of investment.