GraniteShares 2x Long NVDA Daily ETF

Frequently Asked Questions About NVDL

What does NVDL invest in?

This Fund aims to deliver daily returns that, before factoring in fees and expenses, are two times (200%) the daily percentage fluctuation of NVIDIA Corp's (NASDAQ: NVDA) common stock. There is no certainty, however, that the Fund will always meet this specific goal. Furthermore, investors should not expect the Fund to provide double the total accumulated return of NVDA for any timeframe extending beyond a single day.

What is the expense ratio of NVDL?

GraniteShares 2x Long NVDA Daily ETF (NVDL) charges an expense ratio of 1.05%. This is the annual fee deducted from fund assets to cover management and operations.

Is NVDL a good long-term hold?

NVDL is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does NVDL's daily reset work?

NVDL rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is NVDL?

GraniteShares 2x Long NVDA Daily ETF (NVDL) manages $3.78B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is NVDL actively managed or an index fund?

NVDL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.