Nvidia Stock (NASDAQ:NVDA)
Nvidia (NASDAQ:NVDA) has had the most significant increase in share price so far in 2023 among the publicly traded businesses in the United States, with a market capitalization of more than $500 billion. Due to this progress, gains have been seen in exchange-traded funds connected to the semiconductor giant.
The semiconductor manufacturer’s stock has skyrocketed, increasing more than 80% thus far in Q1. However, the five exchange-traded funds with the biggest tilt towards the semiconductor giant have all found themselves higher by at least 15% over the same period. This is in contrast to the company’s performance, which has been rather stagnant.
388 different exchange-traded funds hold Nvidia shares, with 111 of those funds being actively managed and another 43 being ESG-focused. The following exchange-traded funds have the highest proportion of their assets invested in Nvidia:
At 20.33%, the ProShares Ultra Semiconductors (NYSEARCA:USD) exchange-traded fund.
VanEck Semiconductor ETF (NASDAQ:SMH) is trading at 13.59%.
AXS Esoterica NextG Economy ETF (WUGI) at 13.42%.
The Spear Alpha ETF (SPRX) is now trading at 12.59%.
The Volt RoboCar Disruption and Tech ETF (VCAR) currently has a yield of 12.28%.
Performance for the first eleven months of the year: Nvidia stock up 84.5%, USD up 61.8%, and SMH up 24.1%.
WUGI gained 16.4%, SPRX gained 19.4%, and VCAR gained 26.5%.
Several broad-based semiconductor funds with substantial interests within Nvidia stock have also had their holdings increase in value over 2023, in addition to these top holders. This includes the iShares Semiconductor ETF (SOXX), which has increased in value by 25%, and the leveraged Direxion Daily Semiconductor Bull 3X Shares (NYSEARCA:SOXL), which has increased in value by 67%.
Compared to one another throughout a lengthier trading period of one year, Nvidia stock and the top five holding funds are seen on this chart to have performed in varying degrees of success relative to one another.
Featured Image: Megapixl © Savconstantine
Author Shariq Khan 
