RDDC vs RDTL: which held to its multiple?

Over the days both have traded, RDDC finished 2.5 points from its stated multiple and RDTL 2.9. Corgi RDDT 2x Daily ETF and GraniteShares 2x Long RDDT Daily ETF.

−59.0%
RDDC returned, since launch
−57.5%
RDTL returned, 3 months
+0.8 pts
RDDC from its stated multiple
−1.6 pts
RDTL from its stated multiple
RDDC · 1 month to Sep 30, 20262.5 pts short of its stated multiple
2.5 pts short of its stated multipleRDDC returned −9.8% while 2 times RDDT's move would have been −7.3%RDDT −3.6% ×2 implies−7.3%RDDC returned−9.8%2.5 pts short of its stated multipleRDDC returned −9.8% while 2 times RDDT's move would have been −7.3%RDDT −3.6% ×2 implies−7.3%RDDC returned−9.8%

RDDC returned −9.8% while 2 times RDDT's move would have been −7.3%

RDTL · 3 months to Sep 30, 20261.6 pts short of its stated multiple
1.6 pts short of its stated multipleRDTL returned −57.5% while 2 times RDDT's move would have been −55.9%RDDT −28.0% ×2 implies−55.9%RDTL returned−57.5%1.6 pts short of its stated multipleRDTL returned −57.5% while 2 times RDDT's move would have been −55.9%RDDT −28.0% ×2 implies−55.9%RDTL returned−57.5%

RDTL returned −57.5% while 2 times RDDT's move would have been −55.9%

Performance, window by window

Total returnMultiple would giveDifference
WindowRDDCRDTLRDDCRDTLRDDCRDTL
1 month−9.8%−10.2%−7.3%−7.3%−2.5 pts−2.9 pts
3 monthsnot published−57.5%not published−55.9%not published−1.6 pts
6 monthsnot published−24.8%not published+9.2%not published−34.0 pts
1 yearnot published−80.6%not published−76.1%not published−4.5 pts
Since launch
RDDC Jul 2026 · RDTL Mar 2025
−59.0%−55.3%−59.9%+27.1%+0.8 pts−82.4 pts

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

On the same fields

RDDC
Corgi RDDT 2x Daily ETF · Aims to return twice the daily move of Reddit (RDDT)
RDTL
GraniteShares 2x Long RDDT Daily ETF · Aims to return twice the daily move of Reddit (RDDT)
Issuer Corgi GraniteShares
Sets out to return +2x +2x
Underlying asset RDDT RDDT
Segment company company
Fund returned, 3 months or since launch −9.8% −57.5%
Underlying returned, over that window −3.6% −28.0%
What the stated multiple implies, over that window −7.3% −55.9%
Difference from stated, over that window −2.5 pts −1.6 pts
Fund returned, 1 year or since launch −59.0% −80.6%
Difference from stated, over that window +0.8 pts −4.5 pts
Underlying volatility 54% 75%
Difference over the days both have traded −2.5 pts −2.9 pts
Expense ratio 0.45% 1.50%
Launched Jul 14, 2026 Mar 25, 2025
Net assets $261,529 $57m

RDDC and RDTL on the same fields, as of Sep 30, 2026. Source: ETFIQ.

RDDC in plain words

One month to Sep 30, 2026: RDDC returned −9.8% where its own daily promise gave −9.2%, 0.6 points short. Read the multiple against the whole window instead and 2 times RDDT's −3.6% implies −7.3%, which makes RDDC look 2.5 points short. 1.9 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. RDDC aims to return +2 times RDDT'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. RDDT moved at 54% 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.

RDTL in plain words

Three months to Sep 30, 2026: RDTL returned −57.5% where its own daily promise gave −56.0%, 1.5 points short. Read the multiple against the whole window instead and 2 times RDDT's −28.0% implies −55.9%, which makes RDTL look 1.6 points short. 0.1 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. RDTL aims to return +2 times RDDT's move each day, then resets. RDDT moved at 75% annualized over that window.

Questions people ask

Which came closer to its stated multiple, RDDC or RDTL?
Over the window to Sep 30, 2026, RDDC finished 2.5 points from what its multiple implies and RDTL finished 1.6 points from its own, so RDTL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are RDDC and RDTL levered on the same thing?
Yes. Both are levered on Reddit, RDDC at +2 times and RDTL at +2 times the daily move.
Which one decays faster, RDDC or RDTL?
Decay follows how much the underlying moves about. Over this window RDDC’s moved at 54% annualized and RDTL’s at 75%, so RDTL has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold RDDC or RDTL 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, RDDC or RDTL?
RDDC charges 0.45% a year and RDTL charges 1.50%, so RDDC is cheaper. Fees come from each fund's prospectus.
Other comparisons
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. A comparison is not a recommendation.

Cite this page

ETFIQ, RDDC against RDTL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/rddc-vs-rdtl

Open data

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