NVDXvsSPXLETF Comparison
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T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) and Direxion Daily S&P 500 Bull 3X Shares (SPXL) belong to the same industry segment: Leveraged Equity. NVDX is more expensive with a Total Expense Ratio (TER) of 1.05%, versus 0.93% for SPXL. NVDX is up 24.95% year-to-date (YTD) with -$204M in YTD flows. SPXL performs worse with 22.2% YTD performance, and -$608M in YTD flows. Run a side-by-side ETF comparison of NVDX and SPXL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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NVDX vs SPXL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 05/19/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NVDX SPXL | +15.76%+13.34% | +27.71%+20.66% | +24.95%+22.20% | +100.49%+74.88% | n/a+260.87% | n/a+188.22% |
| Flows | NVDX SPXL | -$94M-$8M | -$141M-$389M | -$204M-$608M | -$569M-$1.58B | --$2.01B | --$1.38B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NVDX SPXL | +76.40%+44.14% | +67.88%+36.34% | n/a+44.65% | n/a+51.59% |
| Max drawdown | NVDX SPXL | -30.70%-24.73% | -43.64%-26.79% | n/a-49.12% | n/a-63.81% |
| Max drawdown duration | NVDX SPXL | 50d48d | 195d94d | n/a228d | n/a890d |
Trading data
NVDX | SPXL | |
Last sale 5/21/2026 at 3:02 PM | $21.24 | $265.96 |
| Previous close 05/20/2026 | $21.98 | $268.65 |
| Consolidated volume 05/20/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 21, 2026
1-year trailing difference
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NVDX | SPXL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
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Main metrics
Last update 5/21/2026 at 3:02 PM
Live
Closed
NVDX | SPXL | |
|---|---|---|
| Last price | $21.24 | $265.96 |
| 1D performance | -3.37% | -1.00% |
| AuM | $521.47 M | $6.39 B |
| E/R | 1.05% | 0.93% |
Characteristics
NVDX | SPXL | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Tuttle Capital Management | Direxion |
| Benchmark | NVIDIA | S&P 500 Index |
| N° of holdings | - | - |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 18, 2023 | November 5, 2008 |
| ESG | No | No |
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Exposure
Exposure data will be available soon
Frequently asked questions about NVDX and SPXL
How have the NVDX and SPXL ETFs performed in 2026?
As of May 19, 2026, NVDX is up 24.95% year-to-date (YTD), while SPXL has returned 22.2%. That puts NVDX better performer ahead so far this year.
Which ETF is attracting more investor money: NVDX or SPXL?
Year-to-date, the NVDX ETF saw -$204M in flows, compared to -$608M for SPXL.
Which ETF is more volatile: NVDX or SPXL?
Over the past year, NVDX had a volatility of 67.88%, while SPXL experienced 36.34%.
Which ETF is bigger: NVDX or SPXL?
As of May 19, 2026, NVDX holds $521.47 M in assets under management (AUM), while SPXL manages $6.39 B.
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Latest news about NVDX & SPXL
Leveraged ETFs to take advantage of volatility
December 6, 2022
SPXL
Leverage ETFs, effective but potentially dangerous
June 22, 2022
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