# BTDL (GraniteShares 2x Long BTDR Daily ETF)

GraniteShares · Leveraged ETFs · data as of Oct 9, 2026

One month to Oct 9, 2026: BTDL returned −43.2% where its own daily promise gave −42.0%, 1.2 points short.

## Key facts

- BTDL, what BTDR did: −21.9%, as of Oct 9, 2026.
- BTDL, what 2 times a day gives: −42.0%, as of Oct 9, 2026.
- BTDL, what the fund returned: −43.2%, as of Oct 9, 2026.
- BTDL, the fund itself cost: −1.2 pts, as of Oct 9, 2026.
- BTDL, net assets: $3m (issuer page, as of Oct 8, 2026).
- BTDL, expense ratio: 1.50% (485BPOS XBRL, May 26, 2026).

## BTDL over each window to Oct 9, 2026

| Window | Fund | BTDR | +2x the move | Difference | BTDR moved about, annualized |
| --- | --- | --- | --- | --- | --- |
| 1 month | −43.2% | −21.9% | −43.8% | +0.6 pts | 76% |
| Since launch | −58.1% | −22.1% | −44.2% | −13.9 pts | 108% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of BTDR, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.97 times, against +2 stated | ETFIQ |
| Underlying | BTDR | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $3m | issuer page, as of Oct 8, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, May 26, 2026 |
| First traded | Jul 14, 2026 | ETFIQ |
| Underlying volatility over the window | 76% annualized | ETFIQ |

## Questions

### Did BTDL return +2 times BTDR?

Over the month to Oct 9, 2026, BTDR moved −21.9% and BTDL returned −43.2%. 2 times that move is −43.8%, so the fund came out 0.6 points ahead of it. Against its own daily promise, 2 times each day's move compounded, it was 1.2 points short.

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

Because it resets daily. BTDL 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, BTDL, leveraged ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/btdl
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at https://etfiq.com/data/.

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