Nvidia (NVDA) shares have surged 177% year-to-date, reflecting investors’ confidence in its growth potential and advancements in the AI sector. The stock’s 12-month average analysts’ price target implies another 28.3% upside potential. Thus, to gain exposure to NVDA stock, investors may consider investing in these two ETFs: Tradr 1.75X Long NVDA Weekly ETF (NVDW) and T-Rex 2X Long NVIDIA Daily Target ETF (NVDX).
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Let’s take a deeper look at these two ETFs.
Tradr 1.75X Long NVDA Weekly ETF
NVDW is a leveraged ETF that aims to deliver 1.75 times Nvidia’s weekly stock performance, before fees and expenses. The fund uses swap agreements to achieve this leverage and rebalances its holdings weekly to maintain the target exposure.
Overall, the NVDW ETF has $1.02 million in assets under management (AUM). Additionally, it has an expense ratio of 1.37%. The NVDW ETF has returned 27.68% in the past three months.
T-Rex 2X Long NVIDIA Daily Target ETF
NVDX is a leveraged ETF that aims to provide daily investment results, before fees and expenses, that are 200% of the daily performance of Nvidia’s stock. This means that if Nvidia’s share price increases by 1% on a given day, NVDX aims to increase by 2% on the same day. This ETF is suitable for short-term trading.
The NVDX ETF has $738.89 million in AUM and an expense ratio of 1.05%. Over the past three months, NVDX ETF has generated a return of 27.27%.
Concluding Thoughts
ETFs provide indirect exposure to Nvidia, reducing risk compared to investing directly in the stock. Furthermore, ETFs are a liquid and transparent way to participate in the market. Investors seeking ETF recommendations might consider NVDW and NVDX, as these ETFs offer exposure to NVDA stock.