INTW vs LINT: which held to its multiple?

Over the days both have traded, INTW finished 1.7 points from its stated multiple and LINT 3.0. GraniteShares 2x Long INTC Daily ETF and Direxion Daily INTC Bull 2X ETF.

−24.8%
INTW returned, 3 months
−23.7%
LINT returned, 3 months
−14.1 pts
INTW from its stated multiple
−13.0 pts
LINT from its stated multiple
INTW · 3 months to Sep 30, 202614.1 pts short of its stated multiple
14.1 pts short of its stated multipleINTW returned −24.8% while 2 times INTC's move would have been −10.7%INTC −5.3% ×2 implies−10.7%INTW returned−24.8%14.1 pts short of its stated multipleINTW returned −24.8% while 2 times INTC's move would have been −10.7%INTC −5.3% ×2 implies−10.7%INTW returned−24.8%

INTW returned −24.8% while 2 times INTC's move would have been −10.7%

LINT · 3 months to Sep 30, 202613 pts short of its stated multiple
13 pts short of its stated multipleLINT returned −23.7% while 2 times INTC's move would have been −10.7%INTC −5.3% ×2 implies−10.7%LINT returned−23.7%13 pts short of its stated multipleLINT returned −23.7% while 2 times INTC's move would have been −10.7%INTC −5.3% ×2 implies−10.7%LINT returned−23.7%

LINT returned −23.7% while 2 times INTC's move would have been −10.7%

ETFIQ Decay Resistance Score · LINT scores higherDid it keep up with its own daily multiple, compounded day by day?
0.1, the lowest in this set99.9, the highest

A percentile among the 470 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it → How it is computed →

Performance, window by window

Total returnMultiple would giveDifference
WindowINTWLINTINTWLINTINTWLINT
1 month+70.4%+71.6%+68.6%+68.6%+1.7 pts+3.0 pts
3 months−24.8%−23.7%−10.7%−10.7%−14.1 pts−13.0 pts
6 months+312.3%+320.9%not meaningfulnot meaningfulnot meaningfulnot meaningful
1 year+541.1%not publishednot meaningfulnot publishednot meaningfulnot published
Since launch
INTW Feb 2025 · LINT Nov 2025
+772.3%+522.1%not meaningfulnot meaningfulnot meaningfulnot meaningful

INTW and LINT over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

INTW
GraniteShares 2x Long INTC Daily ETF · Aims to return twice the daily move of Intel (INTC)
LINT
Direxion Daily INTC Bull 2X ETF · Aims to return twice the daily move of Intel (INTC)
Issuer GraniteShares Direxion
Sets out to return +2x +2x
Underlying asset INTC INTC
Segment company company
Fund returned, 3 months or since launch −24.8% −23.7%
Underlying returned, over that window −5.3% −5.3%
What the stated multiple implies, over that window −10.7% −10.7%
Difference from stated, over that window −14.1 pts −13.0 pts
Fund returned, 1 year or since launch +541.1% +522.1%
Difference from stated, over that window not available not available
Underlying volatility 73% 73%
Difference over the days both have traded +1.7 pts +3.0 pts
Expense ratio 1.50% 0.97%
Launched Feb 13, 2025 Nov 19, 2025
Net assets $597m $88m

INTW and LINT on the same fields, as of Sep 30, 2026. Source: ETFIQ.

INTW in plain words

Three months to Sep 30, 2026: INTW returned −24.8% where its own daily promise gave −21.4%, 3.5 points short. Read the multiple against the whole window instead and 2 times INTC's −5.3% implies −10.7%, which makes INTW look 14.1 points short. 10.7 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. INTW aims to return +2 times INTC'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. INTC moved at 73% 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.

LINT in plain words

Three months to Sep 30, 2026: LINT returned −23.7% where its own daily promise gave −21.4%, 2.4 points short. Read the multiple against the whole window instead and 2 times INTC's −5.3% implies −10.7%, which makes LINT look 13.0 points short. LINT aims to return +2 times INTC's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, INTW or LINT?
Over the window to Sep 30, 2026, INTW finished 14.1 points from what its multiple implies and LINT finished 13.0 points from its own, so LINT came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are INTW and LINT levered on the same thing?
Yes. Both are levered on Intel, INTW at +2 times and LINT at +2 times the daily move.
Which one decays faster, INTW or LINT?
Decay follows how much the underlying moves about. Over this window INTW’s moved at 73% annualized and LINT’s at 73%, so INTW has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold INTW or LINT 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.
Which is cheaper, INTW or LINT?
INTW charges 1.50% a year and LINT charges 0.97%, so LINT is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, INTW against LINT, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/intw-vs-lint

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.