GraniteShares 2x Long NVDA Daily ETF (NVDL) Loses 68% in Early 2025 Drawdown Compared to NVIDIA's 35%
The GraniteShares 2x Long NVDA Daily ETF (NVDL) lost approximately 68% from peak to trough during the early 2025 market drawdown, while NVIDIA itself fell around 35%. This significant underperformance highlights how daily rebalancing in leveraged ETFs can amplify losses over time due to volatility decay and path dependency.
