What Is NVDL? A Complete Breakdown of the GraniteShares NVDA 2x ETF

The GraniteShares 2x Long NVDA Daily ETF (NVDL) has quickly become one of the most traded leveraged ETFs on the market. For traders seeking amplified exposure to NVIDIA (NVDA), this fund offers 2x the daily return of the underlying stock — and with tech volatility at all-time highs, interest in NVDL stock has soared.

But what is NVDL, how does it work, and is it the right tool for your investment strategy?

What Is NVDL?

NVDL is the ticker symbol for the GraniteShares 2x Long NVDA Daily ETF, a leveraged ETF that aims to deliver 200% of the daily performance of NVIDIA Corporation (NVDA) stock. Unlike a standard NVDA ETF, which tracks the stock one-to-one, NVDL is designed to amplify daily price movements using financial instruments such as swaps and options.

If NVDA stock goes up 2% in a day, NVDL stock price is structured to increase by roughly 4%. The reverse is also true—amplifying downside risk.

NVDL vs Traditional NVDA ETFs

NVDL ETF is actively managed and tailored for experienced traders looking to capitalize on short-term momentum, while a regular NVDA ETF is better for long-term investors seeking broad exposure to NVIDIA’s stock performance.

NVDL Fund Overview

• Ticker: NVDL
• Fund Name: GraniteShares 2x Long NVDA Daily ETF
• Category: Trading – Leveraged Equity ETFs
• Inception Date: December 12, 2022
• Net Assets: $3.39 Billion
• Management: GraniteShares
• NVDA Expense Ratio: 1.15% (approx.)

NVDL’s strategy includes direct investment in NVDA shares and derivatives such as total return swaps. These methods allow the fund to obtain notional exposure and react quickly to market changes.

Tracking the NVDL Stock Price

The NVDL stock price reflects both the underlying NVDA movement and the fund’s leveraged strategy. Traders often monitor:

• Daily signals
• Volume spikes
• Technical breakouts
• AI-generated predictions (see: AI-powered stock analysis)

Want to view real-time updates? Follow the live chart here: NVDL Profile on StockInvest.us

What Are NVDL Holdings?

Unlike traditional ETFs with a diverse portfolio, NVDL holdings are highly concentrated. The fund invests in:

• NVDA stock
• Swap contracts to gain 2x exposure
• Options and other short-term derivatives

Since it is a non-diversified fund, changes in NVIDIA stock have a magnified impact on NVDL’s performance.

NVDA Leveraged ETF Risks

While gains can be impressive, leveraged ETFs like NVDL carry serious risks:

• Daily reset risk: Longer holding periods may lead to losses due to compounding effects.
• Volatility drag: In sideways markets, you may lose value even if NVDA ends flat.
• Higher fees: Leveraged ETFs often have higher expense ratios.
• NVDL price swings are large—suitable only for active traders.

Other Alternatives: NVDA X and Nvidia Leveraged ETFs

Apart from NVDL, other instruments like NVDA X or NVIDIA leveraged ETFs exist on the market. However, NVDL remains the most liquid and widely followed ETF with 2x NVDA exposure.

Looking to compare? Use metrics like:

• NVDA ETF price vs NVDL price
• Historical vs daily performance
• Nvidia etf price tracking tools

Final Take: Should You Trade NVDL?

The GraniteShares NVDA 2x ETF (NVDL) is an aggressive yet powerful tool in the hands of knowledgeable traders. With billions in AUM and one of the highest volumes in its category, it offers:

• Quick exposure to NVDA stock
• Ideal for short-term positions
• Not suitable for passive investors or retirement accounts

If you're experienced in managing risk and trading around earnings reports, chip cycles, or Fed news, NVDL stock could be your go-to asset.