{
 "ticker": "TDCL",
 "name": "GraniteShares 2x Long TDC Daily ETF",
 "issuer": "GraniteShares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/TDCL",
 "html": "https://etfiq.com/funds/TDCL",
 "markdown": "https://etfiq.com/funds/TDCL.md",
 "as_of": "2026-09-11",
 "verdict": "One month to Sep 11, 2026: TDCL returned +5.9% where its own daily promise gave +7.5%, 1.7 points short.",
 "key_facts": [
  {
   "key": "what_tdc_did",
   "label": "What TDC did",
   "value": "+4.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TDCL, what TDC did: +4.1%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "+7.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TDCL, what +2 times a day gives: +7.5%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+5.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TDCL, what the fund returned: +5.9%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22121.7 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TDCL, the fund itself cost: \u22121.7 pts, as of Sep 11, 2026."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.50%",
   "source": "485BPOS XBRL, May 26, 2026",
   "as_of": "2026-09-11",
   "sentence": "TDCL, expense ratio: 1.50% (485BPOS XBRL, May 26, 2026)."
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "TDC",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TDCL, underlying: TDC, as of Sep 11, 2026."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of TDC, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "TDC moved +4.1% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "TDC",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.50%",
   "source": "485BPOS XBRL, May 26, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jul 14, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "31% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+5.9%",
   "TDC": "+4.1%",
   "+2x the move": "+8.2%",
   "Difference": "\u22122.4 pts",
   "TDC moved about": "31%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221232.7%",
   "TDC": "\u221211.4%",
   "+2x the move": "\u221222.8%",
   "Difference": "\u221210.0 pts",
   "TDC moved about": "70%"
  }
 ],
 "questions": [
  {
   "q": "Did TDCL return +2 times TDC?",
   "a": "Over the window to Sep 11, 2026, TDC moved +4.1% and TDCL returned +5.9%. 2 times that move is +8.2%, so the fund came out 2.4 points short of it."
  },
  {
   "q": "Why does TDCL not return +2 times over a year?",
   "a": "Because it resets daily. TDCL 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."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}