NVDL
GraniteShares 2x Long NVDA Daily ETF
GraniteShares — Will Rhind (founder/CEO)
Single-stock leveraged ETF seeking +200% (2x) of NVIDIA's DAILY return via swaps. A short-term trading instrument — NOT a long-term hold: compounding/volatility drag means it does not deliver 2x NVDA's cumulative return over periods longer than a day. Expense ratio 1.05%.
What to know about this record
- Levered — Leverage is material to outcomes, including on the downside.
Size$3.19B
TypeETF
Top holdingNVDA
Positions
Top holdings
NVDANVIDIA (2x daily swap exposure)
~200% notional — Entire fund is leveraged swap + collateral exposure to a single name — NVIDIA — not a diversified basket
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QAI analysis
Our take
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