# TDCL (GraniteShares 2x Long TDC Daily ETF)

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

One month to Sep 11, 2026: TDCL returned +5.9% where its own daily promise gave +7.5%, 1.7 points short.

## Key facts

- TDCL, what TDC did: +4.1%, as of Sep 11, 2026.
- TDCL, what +2 times a day gives: +7.5%, as of Sep 11, 2026.
- TDCL, what the fund returned: +5.9%, as of Sep 11, 2026.
- TDCL, the fund itself cost: −1.7 pts, as of Sep 11, 2026.
- TDCL, expense ratio: 1.50% (485BPOS XBRL, May 26, 2026).
- TDCL, underlying: TDC, as of Sep 11, 2026.

## TDCL over each window to Sep 11, 2026

| Window | Fund | TDC | +2x the move | Difference | TDC moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +5.9% | +4.1% | +8.2% | −2.4 pts | 31% |
| Since launch | −32.7% | −11.4% | −22.8% | −10.0 pts | 70% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of TDC, reset daily | ETFIQ |
| Multiple a holder actually got over the window | TDC moved +4.1% over this window, too little to read a multiple from | ETFIQ |
| Underlying | TDC | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Expense ratio | 1.50% | 485BPOS XBRL, May 26, 2026 |
| Launched | Jul 14, 2026 | ETFIQ |
| Underlying volatility over the window | 31% annualized | ETFIQ |

## Questions

### Did TDCL return +2 times TDC?

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.

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

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.


## Cite this page

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

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