# CRWL (GraniteShares 2x Long CRWD Daily ETF)

GraniteShares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: CRWL returned +60.0% where its own daily promise gave +67.7%, 7.7 points short.

## Key facts

- CRWL, what CRWD did: +37.0%, as of Sep 30, 2026.
- CRWL, what 2 times a day gives: +67.7%, as of Sep 30, 2026.
- CRWL, what the fund returned: +60.0%, as of Sep 30, 2026.
- CRWL, the fund itself cost: −7.7 pts, as of Sep 30, 2026.
- CRWL, net assets: $80m (issuer page, as of Sep 30, 2026).
- CRWL, expense ratio: 1.50% (485BPOS XBRL, Oct 24, 2025).

## CRWL over each window to Sep 30, 2026

| Window | Fund | CRWD | +2x the move | Difference | CRWD moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +25.2% | +14.6% | +29.2% | −4.0 pts | 68% |
| 3 months | +60.0% | +37.0% | +74.1% | −14.1 pts | 72% |
| 6 months | +443.7% | +169.3% | not meaningful over this window | not meaningful over this window | 64% |
| 1 year | +188.6% | +116.0% | not meaningful over this window | not meaningful over this window | 55% |
| Since launch | +317.5% | +208.3% | not meaningful over this window | not meaningful over this window | 52% |

## 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 | +1.62 times, against +2 stated | ETFIQ |
| Underlying | CRWD | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $80m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Oct 24, 2025 |
| Launched | Nov 12, 2024 | ETFIQ |
| Underlying volatility over the window | 72% annualized | ETFIQ |

## Questions

### Did CRWL return +2 times CRWD?

Over the window to Sep 30, 2026, CRWD moved +37.0% and CRWL returned +60.0%. 2 times that move is +74.1%, so the fund came out 14.1 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 figure itself.


## Cite this page

ETFIQ, CRWL, data as of Sep 30, 2026. https://etfiq.com/funds/crwl
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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