# CRWL (GraniteShares 2x Long CRWD Daily ETF)

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

Three months to Sep 11, 2026: CRWL returned +26.9% where its own daily promise gave +33.3%, 6.4 points short.

## Key facts

- CRWL, what CRWD did: +21.1%, as of Sep 11, 2026.
- CRWL, what +2 times a day gives: +33.3%, as of Sep 11, 2026.
- CRWL, what the fund returned: +26.9%, as of Sep 11, 2026.
- CRWL, the fund itself cost: −6.4 pts, as of Sep 11, 2026.
- CRWL, net assets: $53m (source, as filed for Jun 30, 2026).
- CRWL, expense ratio: 1.50% (485BPOS XBRL, Oct 24, 2025).

## CRWL over each window to Sep 11, 2026

| Window | Fund | CRWD | +2x the move | Difference | CRWD moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −18.6% | −6.8% | −13.6% | −5.1 pts | 90% |
| 3 months | +26.9% | +21.1% | +42.2% | −15.3 pts | 67% |
| 6 months | +166.4% | +87.2% | +174.4% | −8.0 pts | 62% |
| 1 year | +127.0% | +90.8% | +181.6% | −54.6 pts | 54% |
| Since launch | +163.2% | +140.8% | not meaningful over this window | not meaningful over this window | 51% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of CRWD, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.27 times, against +2 stated | ETFIQ |
| Underlying | CRWD | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $53m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Oct 24, 2025 |
| Launched | Nov 12, 2024 | ETFIQ |
| Underlying volatility over the window | 67% annualized | ETFIQ |

## Questions

### Did CRWL return +2 times CRWD?

Over the window to Sep 11, 2026, CRWD moved +21.1% and CRWL returned +26.9%. 2 times that move is +42.2%, so the fund came out 15.3 points short of it.

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

Because it resets daily. CRWL 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.

### Which +2x CRWD ETF tracked its stated multiple most closely?

2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

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

HTML: https://etfiq.com/funds/CRWL  ·  JSON: https://etfiq.com/funds/CRWL.json