NVDL’s worst drop since 2022 was 68%
GraniteShares 2x Long NVDA Daily ETF (NVDL) fell 68% from Jun 2024 to Apr 2025. It took 1.1 years from that peak to close at a new high, in Jul 2025. Over the same years the S&P 500 fell as much as 19%.
That drop is milder than most. It ranks 12th of the 12 leveraged ETFs PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2022 to now
How NVDL held up in each crash
| Crash | Years | NVDL | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | not trading yet | −33.7% |
| 2022 rate shock | 2022 | not trading yet | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
See how NVDL behaves inside your whole mix, with the worst 12 months, loss odds and crash replays. Free, no signup, and the math runs in your browser.
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What was NVDL’s maximum drawdown?
NVDL’s deepest fall since 2022 was 67.6%, from its high on June 18, 2024 to its low on April 4, 2025. The figure uses daily prices with dividends reinvested.
How long did NVDL take to recover?
1.1 years. NVDL first closed above its Jun 2024 high again on July 28, 2025.
Was NVDL riskier than the S&P 500?
Over the same years, NVDL’s worst drop was 67.6% against 18.8% for the S&P 500 (SPY), and its worst 12 months were −31.4% against −2.9%.
Compare with
Daily adjusted closes from Yahoo Finance, December 14, 2022 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.