# BBUL (GraniteShares 2x Long BB Daily ETF)

GraniteShares · Leveraged ETFs · data as of Sep 11, 2026

One month to Sep 11, 2026: BBUL returned −26.9% where its own daily promise gave −25.3%, 1.5 points short.

## Key facts

- BBUL, what BB did: −12.5%, as of Sep 11, 2026.
- BBUL, what +2 times a day gives: −25.3%, as of Sep 11, 2026.
- BBUL, what the fund returned: −26.9%, as of Sep 11, 2026.
- BBUL, the fund itself cost: −1.5 pts, as of Sep 11, 2026.
- BBUL, expense ratio: 1.50% (485BPOS XBRL, May 26, 2026).
- BBUL, underlying: BB, as of Sep 11, 2026.

## BBUL over each window to Sep 11, 2026

| Window | Fund | BB | +2x the move | Difference | BB moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −26.9% | −12.5% | −25.1% | −1.8 pts | 54% |
| Since launch | −56.9% | −30.9% | −61.8% | +4.9 pts | 58% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of BB, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.14 times, against +2 stated | ETFIQ |
| Underlying | BB | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Expense ratio | 1.50% | 485BPOS XBRL, May 26, 2026 |
| Launched | Jul 7, 2026 | ETFIQ |
| Underlying volatility over the window | 54% annualized | ETFIQ |

## Questions

### Did BBUL return +2 times BB?

Over the window to Sep 11, 2026, BB moved −12.5% and BBUL returned −26.9%. 2 times that move is −25.1%, so the fund came out 1.8 points short of it.

### Why does BBUL not return +2 times over a year?

Because it resets daily. BBUL aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, BBUL, data as of Sep 11, 2026. https://etfiq.com/funds/BBUL
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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