# VRTL (GraniteShares 2x Long VRT Daily ETF)

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

Three months to Sep 30, 2026: VRTL returned −49.1% where its own daily promise gave −47.0%, 2.1 points short.

## Key facts

- VRTL, what VRT did: −22.5%, as of Sep 30, 2026.
- VRTL, what 2 times a day gives: −47.0%, as of Sep 30, 2026.
- VRTL, what the fund returned: −49.1%, as of Sep 30, 2026.
- VRTL, the fund itself cost: −2.1 pts, as of Sep 30, 2026.
- VRTL, net assets: $40m (issuer page, as of Sep 30, 2026).
- VRTL, expense ratio: 1.50% (485BPOS XBRL, Oct 24, 2025).

## VRTL over each window to Sep 30, 2026

| Window | Fund | VRT | +2x the move | Difference | VRT moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −16.4% | −6.7% | −13.4% | −3.0 pts | 61% |
| 3 months | −49.1% | −22.5% | −45.0% | −4.1 pts | 66% |
| 6 months | −36.6% | −6.9% | −13.8% | −22.8 pts | 66% |
| 1 year | +41.0% | +60.1% | +120.3% | −79.3 pts | 66% |
| Since launch | +187.4% | +163.9% | not meaningful over this window | not meaningful over this window | 65% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of VRT, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.18 times, against +2 stated | ETFIQ |
| Underlying | VRT | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $40m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Oct 24, 2025 |
| Launched | Mar 25, 2025 | ETFIQ |
| Underlying volatility over the window | 66% annualized | ETFIQ |

## Questions

### Did VRTL return +2 times VRT?

Over the window to Sep 30, 2026, VRT moved −22.5% and VRTL returned −49.1%. 2 times that move is −45.0%, so the fund came out 4.1 points short of it.

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

Because it resets daily. VRTL 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 VRT 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, VRTL, data as of Sep 30, 2026. https://etfiq.com/funds/vrtl
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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