Frequently Asked Questions About QCML

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 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 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 $44.7M 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.

QCML

GraniteShares 2x Long QCOM Daily ETF

NASDAQ·Asset Management, Leveraged · Financial Services

$15.84$0.95−5.66%

After hours·$15.76−0.54%

Market closed·Oct 22 4:00 PM EDT

Price Chart

$15.84−$0.95 (−5.66%)today

−38.03%CAGR −24.67%

Select date range

FromTo

Feb 13, 2025Feb 13, 2025 → Oct 23, 2026· 1.7 yrsOct 23, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)—

Distribution Yield (FWD)—

Annual Distribution (TTM)—

Distribution Yield (TTM)—

Distribution Growth (5Y)—

Frequency—

Most Recent—

Ex-Dividend Date—

Payment Date—

DiversificationDiversification Tab

Holdings1

Top 10 Weight66.7%

Top 25 Weight66.7%

Effective Holdings1

Sectors2

Largest HoldingQCOM · 66.7%

Largest SectorTechnology · 66.7%

Asset ClassLeveraged/Inverse

StrategyLeveraged

Cost & RiskExpenses Tab

Expense Ratio7.39%

Cost per 10k Invested$739

AUM$44.70M

Avg Daily Volume1.68M

Price$15.84

NAV$15.85

Premium / Discount−0.06%

52-Week Range$10.46 – $41.90

Beta6.12

Fund Overview

Cost Verdict

Is QCML's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: GraniteShares
Asset Class: Leveraged/Inverse
Strategy: Leveraged
Inception: February 13, 2025
Fund Type: ETF
Domicile: US
Currency: USD
ISIN: US38747R5871
CUSIP: 38747R587
Website: graniteshares.com/institutional/us/en-us/etfs/qcml/

Peers

Peers Tab

BERZ

MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN

Cap

$2.4M

GAST

Gabelli Automation ETF

Cap

$7.1M

QLDY

Defiance Nasdaq 100 LightningSpread Income ETF

Cap

$46.9M

Latest News

News Tab

No recent news available.

Frequently Asked Questions About QCML

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 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 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 $44.7M 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.