GraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF

NVDL

Market cap $3.58B

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

The T-Rex 2X Long NVIDIA Daily Target ETF (NASDAQ:NVDX) and the GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) sell the same product on the label: 2x the daily move in NVIDIA.

A $10,000 stake in GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) at the start of 2026 is worth about $11,266 as of the June 8 close, a 12.66% year-to-date gain that still beats the 8.4% return on the SPDR S&P 500 ETF over the same stretch.

If you owned GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) into the close on Friday, June 5, 2026, your screen looked broken.

The semiconductor rally has evolved beyond chip stocks themselves. Increasingly, traders are expressing bullish and bearish views on AI through leveraged semiconductor ETFs such as Direxion Daily Semiconductor Bull 3X ETF (NYSE:SOXL) and Direxion Daily Semiconductor Bear 3X Shares (NYSE:SOXS).

The pitch behind GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) is elegantly simple.

Sometimes it feels like it's Nvidia's world, and we are all just living in it. As we brace for the firm's latest earnings report coming Wednesday, we could say that Nvidia (NVDA) earnings — and more importantly, its forward guidance — have become much more than a par-for-the-course quarterly disclosure.

Several years ago, semiconductor ETFs were often viewed as a Nvidia (NVDA) story. With Nvidia driving much of the group's growth and performance, some investors questioned the need for broader exposure.

The Magnificent 7 account for roughly a third of the entire S&P 500, so it's understandable that some investors might consider focusing an outsized portion of their portfolio on either one of these stocks or a similarly-sized titan of the market. At the same time, single-stock exchange-traded funds (ETFs)—funds that take the common diversification tactic of ETFs and flip it in order to provide leveraged exposure to a single name—have proliferated quickly.

Semiconductor stocks caught a major bid on Monday, with NVIDIA (NVDA) shares rebounding and its leveraged ETFs amplifying the move.