Data as of .
RIVC vs RVNL: which held to its multiple?
Over the days both have traded, RIVC finished 3.0 points from its stated multiple and RVNL 3.1.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| RIVC | RVNL | RIVC | RVNL | RIVC | RVNL | |
| 1 month | −1.8% | −1.8% | +1.3% | +1.3% | −3.0 pts | −3.1 pts |
| 3 months | not published | −22.6% | not published | −8.7% | not published | −13.9 pts |
| 6 months | not published | −13.7% | not published | +15.7% | not published | −29.5 pts |
| 1 year | not published | −28.9% | not published | +29.5% | not published | −58.4 pts |
| Since launch | −20.9% | −5.3% | −16.8% | +82.2% | −4.1 pts | −87.5 pts |
| RIVC Corgi RIVN 2x Daily ETF Aims to return twice the daily move of RIVN | RVNL GraniteShares 2x Long RIVN Daily ETF Aims to return twice the daily move of RIVN | |
|---|---|---|
| Issuer | Corgi | GraniteShares |
| Sets out to return | +2x | +2x |
| On | RIVN | RIVN |
| Segment | company | company |
| Fund returned, 3 months | −1.8% | −22.6% |
| Underlying returned, 3 months | +0.6% | −4.4% |
| What the stated multiple implies, 3 months | +1.3% | −8.7% |
| Difference from stated, 3 months | −3.0 pts | −13.9 pts |
| Fund returned, 1 year or since launch | −20.9% | −28.9% |
| Difference from stated, over that window | −4.1 pts | −58.4 pts |
| Underlying volatility | 44% | 69% |
| Difference over the days both have traded | −3.0 pts | −3.1 pts |
| Expense ratio | not published | 1.15% |
| Launched | Jul 14, 2026 | Apr 22, 2025 |
RIVC in plain words
One month to Sep 11, 2026: RIVC returned −1.8% where its own daily promise gave −0.3%, 1.4 points short. Read the multiple against the whole window instead and +2 times RIVN's 0.6% implies +1.3%, which makes RIVC look 3.0 points short. 1.6 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. RIVC aims to return +2 times RIVN's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. RIVN moved at 44% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
RVNL in plain words
Three months to Sep 11, 2026: RVNL returned −22.6% where its own daily promise gave −19.9%, 2.7 points short. Read the multiple against the whole window instead and +2 times RIVN's −4.4% implies −8.7%, which makes RVNL look 13.9 points short. 11.2 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. RVNL aims to return +2 times RIVN's move each day, then resets. RIVN moved at 69% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, RIVC or RVNL?
- Over the window to Sep 11, 2026, RIVC finished 3.0 points from what its multiple implies and RVNL finished 13.9 points from its own, so RIVC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are RIVC and RVNL levered on the same thing?
- Yes. Both are levered on RIVN, RIVC at +2 times and RVNL at +2 times the daily move.
- Which one decays faster, RIVC or RVNL?
- Decay follows how much the underlying moves about. Over this window RIVC’s moved at 44% annualized and RVNL’s at 69%, so RVNL has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold RIVC or RVNL for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, RIVC against RVNL, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/RIVC-RVNL Free to use with attribution; the underlying files are at Open data.