Is NVDX worth purchasing?

**NVDX is not worth purchasing** for the following reasons: 1. **High Expense Ratio**: The expense ratio for NVDX is 1.05%, which is relatively high compared to other Nvidia-related ETFs. A higher expense ratio means more fees for investors, which can eat into potential gains. 2. **Active Management Style**: NVDX employs an active management style, which can lead to higher turnover and potentially higher costs. Passive management styles are often preferred for ETFs due to their lower costs and tax efficiency. 3. **Leverage Ratio**: NVDX has a leverage ratio of 2, which means it amplifies exposure to Nvidia. While leverage can enhance returns, it also increases risk and can lead to significant losses if Nvidia's stock moves against the ETF's investment direction. 4. **Dividend Frequency**: NVDX distributes dividends annually, which may not be attractive for investors who prefer more frequent income distributions. 5. **Recent Performance**: While NVDX has a strong historical performance with a 155.37% change over the last three months, this may not be indicative of future performance. The 1-month percentage change is 41.78%, and the 1-week percentage change is 10.94%, which suggests volatility. 6. **Market Conditions**: The current market conditions, including interest rates, economic growth, and investor sentiment, can impact Nvidia's stock performance and, by extension, NVDX's performance. It's important to consider how these factors may affect the ETF's future performance. In conclusion, NVDX's high expense ratio, leverage ratio, and active management style make it a less attractive option compared to other Nvidia-related ETFs. Investors should consider these factors along with their investment goals, risk tolerance, and the current market conditions before making a decision.