- What does QCML invest in?
- This exchange-traded fund endeavors to achieve daily investment outcomes, before considering fees and expenses, that are equivalent to two hundred percent (200%) of the daily percentage fluctuation in the common shares of Qualcomm Inc. (NASDAQ: QCOM). It is important to recognize that the fund's specified goal is not guaranteed. Furthermore, investors should not anticipate that the fund will deliver twice the cumulative return of QCOM for periods extending beyond a single day.
- What is the expense ratio of QCML?
- GraniteShares 2x Long QCOM Daily ETF (QCML) charges an expense ratio of 7.39%. This is the annual fee deducted from fund assets to cover management and operations.
- Is QCML a good long-term hold?
- QCML 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 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 QCML's daily reset work?
- QCML 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 QCML?
- GraniteShares 2x Long QCOM Daily ETF (QCML) manages $52.7M 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 QCML actively managed or an index fund?
- QCML's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
