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GraniteShares 2x Long CRWD Daily ETF

CRWLNasdaqGraniteSharesCThis 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.

$72.66−0.48 (−0.65%)

As of Nov 10, 2026, 11:25 AM ET

C43/ 100

Rank 120 of 367 in Single-Stock Long Leveraged

C43/100Rank 120 of 367inSingle-Stock Long Leveraged
Intraday session: down, 24 prints from 73.13 to 72.66. Range 67.90 to 73.57. Use the arrow keys to read each point.68.0069.0070.0071.0072.0010 AM12 PM2 PM4 PM
Expense ratio
1.67%*
Fund size
$47M
1Y total return
+72.0%
Yield · Last 12 months
No data
Holdings
2
Avg volume · 30D
140K sh
52W range
low $15.25high $122.00
Launched

*After a fee waiver that ends Dec 31, 2027. Without it: 1.73%.

The ETF.net CRWL Grade

Based on 5 of 6 pillars

C

Score 43 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
120 of 367
Six-pillar profile for CRWL. Scores out of 100: Cost 2, Risk 74, Mission 99, Tradability 85, Holdings not scored, Durability 78. Strongest: Mission (99). Weakest: Cost (2). Based on 5 of 6 pillars.

Score 43 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F2 out of 100
    Rank 358 of 367

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A99 out of 100
    Rank 6 of 143

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A74 out of 100
    Rank 55 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A85 out of 100
    Rank 29 of 367

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A78 out of 100
    Rank 26 of 367

Our read on CRWL

ETF.net Research

In short

CA one-day trade on CrowdStrike. CRWL aims to deliver twice CRWD's daily move, resets every night, and makes no claim on any longer stretch. GraniteShares has run it since 2024, and it has stayed close to that 2x daily target.

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

  • The daily math holds up: CRWL has landed close to twice CRWD's daily move, which is the entire job of a geared single-stock fund.graniteshares.com
  • Liquidity has been workable for a single-stock leveraged fund, so getting a position on or off has not been the hard part.
  • Running since 2024, and GraniteShares files a 2x short CRWD fund in the same prospectus, so both sides of the stock sit under one roof.graniteshares.com
  • Lands in the upper half of a crowded leveraged single-stock field on how cleanly it executes the mandate it wrote down.

Worth knowing

  • Cost is the trade-off: 1.50% net of a waiver through December 31, 2026, and 1.82% without it. Rival 2x single-stock funds charge less, with OKTG at 0.75% and TSMG at 0.76% and no waiver attached.
  • The 2x target resets every day. Over a choppy multi-day stretch, compounding can leave the fund short of twice CRWD's move for the period, even if the stock ends higher.graniteshares.com
  • One stock, double the swing. A single earnings print or security headline at CrowdStrike moves this fund twice as hard, in both directions, with no diversification to soften it.graniteshares.com

CRWL Performance

Launched Nov 11, 2024

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

Not enough history yet.Not enough history yet.Not enough history yet.
CRWL$17,196
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. CRWL $17,196. SPY $11,339. Use the arrow keys to read each point.$10,000$20,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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+137.4%
1 month−34.3%
3 months−4.2%
1 year+72.0%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+137.4%
2025+30.4%
2024−5.9%

History from Nov 12, 2024

CRWL in the news

CRWL Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

CRWL Risk

Risk pillarA74 out of 100Rank 55 of 363 in Single-Stock Long Leveraged

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.
134.1%
Annualised · 23 months to Oct 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.
0.90
vs 3-month T-bills · 23 months to Oct 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%
23 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.

FMP measures it over up to five years of monthly returns.

CRWL Cost

Compare CRWL and GOGL

Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged

$24,482

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CRWL 1.67%

    $28,637

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • CRWL 1.67%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530CRWL $28,637GOGL $4,155

Year by year

YearCRWLGOGLOverpaying
10$2,863$365$2,498
20$10,445$1,421$9,024
30$28,637$4,155$24,482
How the 1.67% is worked out

Full fee 1.73%− waiver 0.06%= you pay 1.67%

The waiver ends Dec 31, 2027. After that the fee is 1.73% unless GraniteShares renews it. Source: prospectus, Oct 2026.

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