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CRWL

GradeCNASDAQ Global Market

GraniteShares 2x Long CRWD Daily ETF

Leveraged · Single-Stock Leveraged · GraniteShares · Inception 2024-11-11

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$102.33+8.01 (+8.49%)

As of Sep 23, 2026, 2:25 PM EDT

History starts Nov 12, 2024.
Intraday session: up, 60 prints from 94.32 to 102.33. Range 93.94 to 103.66. Use the arrow keys to read each point.$96.00$100.00$104.0010 AM12 PM2 PM4 PM
Expense ratio
1.82%
Fund size
$75M
1Y return
+155.1%
Yield · Last 12 months
—
Holdings
2
Volume · 30D
0.2M sh
NAV per share
$93.73
52W range
low $15.25high $94.88

The ETF.net CRWL Grade

C

43/ 100

Rank 117 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for CRWL. Scores out of 100: Cost 4, Risk 71, Mission 97, Tradability 81, Holdings not scored, Durability 78. Strongest: Mission (97). Weakest: Cost (4). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 43 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 4
    Category rank363/380 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 97
    Category rank31/147 · top 21%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 71
    Category rank56/285 · top 20%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 81
    Category rank47/380 · top 12%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 78
    Category rank26/380 · top 7%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on CRWL

ETF.net Research

CCrowdStrike with the volume knob turned up. CRWL aims for twice CRWD's daily move inside a plain brokerage account, and it hits that stated multiple closely. The trade-off is a 1.82% fee.

Stated mandate

The Fund seeks daily investment results equal to twice the daily percentage change of CrowdStrike Holdings Inc.'s common stock, before fees and expenses. The objective is measured daily and is not intended to track twice the cumulative return over periods longer than one day.

Why people hold it

  1. 01Aims for twice CrowdStrike's daily percentage move in a standard 1940 Act ETF, so there's no margin account, options chain, or share borrow to manage.
  2. 02Hits its stated daily multiple tightly, one of the stronger implementations in a crowded field of 2x single-stock bull funds.
  3. 03A pure play on one cybersecurity name since its 2024 launch. No index, no basket, nothing diluting the CrowdStrike view.

Worth knowing

  1. 01At 1.82%, the fee sits well above 2x rivals such as ASMG and AMDG at 0.75% or AAPU at 0.96%. Leverage from this shop carries a premium price tag.
  2. 02The 2x target resets daily. Hold longer and returns compound off each close, so a choppy stretch can land far from twice CRWD's move over the period.
  3. 03One company drives everything, doubled. A single earnings gap or headline hits this fund roughly twice as hard as the stock itself.

CRWL Holdings

As of Sep 21, 2026, 4:06 AM
Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
CRWD SWAP66.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—CRWD SWAP66.69%647,853$159M1
002—US Dollars33.31%79,494,479$79M85

Showing 1–2 of 2 holdings

CRWL Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

CRWL$25,506
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. CRWL $25,506. SPY $11,723. Use the arrow keys to read each point.$2,603$14,903$27,202Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CRWL. Periods over one year show the average yearly return.
PeriodCRWL
Year to date+206.1%
1 month+56.5%
3 months+86.0%
1 year+155.1%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CRWL
YearReturn barCRWL
2026 YTD+206.1%
2025+30.4%
2024−5.9%

History from Nov 12, 2024

CRWL in the news

CRWL Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

CRWL Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
138.8%
Annualised · 21 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.91
vs 3-month T-bills · 21 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−65.0%
22 months · trough Feb 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
4.67
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

CRWL Cost

Expense ratio1.82%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

311 of the 329 Single-Stock Long Leveraged funds charge less.

CRWL costs $182.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.