# TDCL (GraniteShares 2x Long TDC Daily ETF)

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

One month to Oct 9, 2026: TDCL returned +17.7% where its own daily promise gave +19.6%, 1.9 points short.

## Key facts

- TDCL, what TDC did: +9.8%, as of Oct 9, 2026.
- TDCL, what 2 times a day gives: +19.6%, as of Oct 9, 2026.
- TDCL, what the fund returned: +17.7%, as of Oct 9, 2026.
- TDCL, the fund itself cost: −1.9 pts, as of Oct 9, 2026.
- TDCL, net assets: $165,770 (issuer page, as of Oct 8, 2026).
- TDCL, expense ratio: 1.50% (485BPOS XBRL, May 26, 2026).

## TDCL over each window to Oct 9, 2026

| Window | Fund | TDC | +2x the move | Difference | TDC moved about, annualized |
| --- | --- | --- | --- | --- | --- |
| 1 month | +17.7% | +9.8% | +19.6% | −1.9 pts | 30% |
| Since launch | −20.6% | −2.6% | −5.3% | −15.3 pts | 61% |

## 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 | +1.81 times, against +2 stated | ETFIQ |
| Underlying | TDC | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $165,770 | 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 | 30% annualized | ETFIQ |

## Questions

### Did TDCL return +2 times TDC?

Over the month to Oct 9, 2026, TDC moved +9.8% and TDCL returned +17.7%. 2 times that move is +19.6%, so the fund came out 1.9 points short of it. Against its own daily promise, 2 times each day's move compounded, it was 1.9 points short.

### 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, leveraged ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/tdcl
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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