NVDL Lost 67 Percent in Early 2025 While NVIDIA Fell Far Less, And the Daily Reset Did Most of It
Key takeaways
- NVDL works as a tactical short-term instrument but bleeds value over multi-week or multi-month holds due to volatility decay and nightly reset mechanics.
- The analyst who called NVIDIA in 2010 just named his top 10 AI stocks.
- The pitch behind GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) is elegantly simple.
NVDL Lost 67 Percent in Early 2025 While NVIDIA Fell Far Less, And the Daily Reset Did Most of It Omor Ibne Ehsan Mon, May 25, 2026 at 8:15 PM GMT+7 4 min read NVDA NVDL Quick Read Granite Shares 2x Long NVDA Daily ETF (NVDL) lost 68% from peak to trough during the early 2025 drawdown while Nvidia (NVDA) fell roughly 35%, demonstrating how daily rebalancing creates path dependency that amplifies losses in choppy markets; the fund cost holders approximately 5% to 8% annually in structural drag before underlying price movement. NVDL works as a tactical short-term instrument but bleeds value over multi-week or multi-month holds due to volatility decay and nightly reset mechanics.
Daily rebalancing in leveraged ETFs compounds losses during volatile downturns because the fund rebalances at each close, meaning a stock that returns to flat can leave the 2x ETF significantly underwater due to the mathematical impact of percentage losses and gains applied sequentially.
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