{"url":"https://etfiq.com/compare/leverage/rivc-vs-rvnl","section":"compare","title":"RIVC vs RVNL: which held to its multiple? | ETFIQ","description":"RIVC sets out to return +2 times RIVN each day and RVNL +2 times. Over the month to Sep 30, 2026 they finished \u22120.8 pts and \u22121.1 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, RIVC or RVNL?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, RIVC finished 0.8 points from what its multiple implies and RVNL finished 9.1 points from its own, so RIVC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are RIVC and RVNL levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Rivian Automotive, RIVC at +2 times and RVNL at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, RIVC or RVNL?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window RIVC\u2019s moved at 30% annualized and RVNL\u2019s at 64%, so RVNL has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold RIVC or RVNL for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, RIVC or RVNL?","acceptedAnswer":{"@type":"Answer","text":"RIVC charges 0.45% a year and RVNL charges 1.15%, so RIVC is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"RIVC vs RVNL","item":"https://etfiq.com/compare/leverage/rivc-vs-rvnl"}]},{"@type":"WebPage","name":"RIVC vs RVNL: which held to its multiple?","description":"RIVC sets out to return +2 times RIVN each day and RVNL +2 times. Over the month to Sep 30, 2026 they finished \u22120.8 pts and \u22121.1 pts away.","url":"https://etfiq.com/compare/leverage/rivc-vs-rvnl","dateModified":"2026-09-30","abstract":"Over the days both have traded, RIVC finished 0.8 points from its stated multiple and RVNL 1.1.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of RIVC and RVNL","description":"RIVC sets out to return +2 times RIVN each day and RVNL +2 times. Over the month to Sep 30, 2026 they finished \u22120.8 pts and \u22121.1 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/rivc-vs-rvnl","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6229,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / RIVC vs RVNL \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n RIVC vs RVNL: which held to its multiple?\n\n Over the days both have traded, RIVC finished 0.8 points from its stated multiple and RVNL 1.1.\n Copy this for sharing \n \n Corgi RIVN 2x Daily ETF and GraniteShares 2x Long RIVN Daily ETF.\n\n Download as PDF \n\n \u221231.9% RIVC returned, since launch \n \u221235.2% RVNL returned, 3 months \n \u22122.6 pts RIVC from its stated multiple \n \u22129.1 pts RVNL from its stated multiple \n\n RIVC 0.8 pts short of its stated multiple \u00b7 1 month to Sep 30, 2026 ","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/rivc-vs-rvnl","a":{"ticker":"RIVC","name":"Corgi RIVN 2x Daily ETF","issuer":"Corgi","desk":"leverage","as_of":"2026-09-30","verdict":"One month to Sep 30, 2026: RIVC returned \u221214.7% where its own daily promise gave \u221214.1%, 0.6 points short.","url":"https://etfiq.com/funds/rivc","key_facts":[{"label":"What RIVN did","value":"\u22127.0%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221214.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221214.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22120.6 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$259,264","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.45%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 5, 2026"}]},"b":{"ticker":"RVNL","name":"GraniteShares 2x Long RIVN Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: RVNL returned \u221235.2% where its own daily promise gave \u221232.8%, 2.4 points short.","url":"https://etfiq.com/funds/rvnl","key_facts":[{"label":"What RIVN did","value":"\u221213.0%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221232.8%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221235.2%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$11m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.15%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 24, 2025"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/rivc-vs-rvnl"}