# INTW (GraniteShares 2x Long INTC Daily ETF)

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

Three months to Sep 30, 2026: INTW returned −24.8% where its own daily promise gave −21.4%, 3.5 points short.

## Key facts

- INTW, what INTC did: −5.3%, as of Sep 30, 2026.
- INTW, what 2 times a day gives: −21.4%, as of Sep 30, 2026.
- INTW, what the fund returned: −24.8%, as of Sep 30, 2026.
- INTW, the fund itself cost: −3.5 pts, as of Sep 30, 2026.
- INTW, net assets: $597m (issuer page, as of Sep 30, 2026).
- INTW, expense ratio: 1.50% (485BPOS XBRL, Oct 24, 2025).

## INTW over each window to Sep 30, 2026

| Window | Fund | INTC | +2x the move | Difference | INTC moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +70.4% | +34.3% | +68.6% | +1.7 pts | 72% |
| 3 months | −24.8% | −5.3% | −10.7% | −14.1 pts | 73% |
| 6 months | +312.3% | +150.3% | not meaningful over this window | not meaningful over this window | 87% |
| 1 year | +541.1% | +258.4% | not meaningful over this window | not meaningful over this window | 77% |
| Since launch | +772.3% | +398.3% | not meaningful over this window | not meaningful over this window | 75% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of INTC, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +4.64 times, against +2 stated | ETFIQ |
| Underlying | INTC | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $597m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Oct 24, 2025 |
| Launched | Feb 13, 2025 | ETFIQ |
| Underlying volatility over the window | 73% annualized | ETFIQ |

## Questions

### Did INTW return +2 times INTC?

Over the window to Sep 30, 2026, INTC moved −5.3% and INTW returned −24.8%. 2 times that move is −10.7%, so the fund came out 14.1 points short of it.

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

Because it resets daily. INTW 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 INTC ETF tracked its stated multiple most closely?

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

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