# NBIL (GraniteShares 2x Long NBIS Daily ETF)

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

Three months to Sep 30, 2026: NBIL returned −30.0% where its own daily promise gave −27.1%, 2.9 points short.

## Key facts

- NBIL, what NBIS did: +2.9%, as of Sep 30, 2026.
- NBIL, what 2 times a day gives: −27.1%, as of Sep 30, 2026.
- NBIL, what the fund returned: −30.0%, as of Sep 30, 2026.
- NBIL, the fund itself cost: −2.9 pts, as of Sep 30, 2026.
- NBIL, net assets: $191m (issuer page, as of Sep 30, 2026).
- NBIL, expense ratio: 1.50% (485BPOS XBRL, Aug 14, 2025).

## NBIL over each window to Sep 30, 2026

| Window | Fund | NBIS | +2x the move | Difference | NBIS moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +24.6% | +14.3% | +28.7% | −4.0 pts | 63% |
| 3 months | −30.0% | +2.9% | +5.8% | −35.8 pts | 131% |
| 6 months | +164.8% | +131.4% | not meaningful over this window | not meaningful over this window | 119% |
| Since launch | +19.2% | +100.4% | not meaningful over this window | not meaningful over this window | 109% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of NBIS, reset daily | ETFIQ |
| Multiple a holder actually got over the window | NBIS moved +2.9% over this window, too little to read a multiple from | ETFIQ |
| Underlying | NBIS | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $191m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Aug 14, 2025 |
| Launched | Oct 7, 2025 | ETFIQ |
| Underlying volatility over the window | 131% annualized | ETFIQ |

## Questions

### Did NBIL return +2 times NBIS?

Over the window to Sep 30, 2026, NBIS moved +2.9% and NBIL returned −30.0%. 2 times that move is +5.8%, so the fund came out 35.8 points short of it.

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

Because it resets daily. NBIL 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 NBIS ETF tracked its stated multiple most closely?

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

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