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INTW

GradeCNASDAQ Global Select

GraniteShares 2x Long INTC Daily ETF

Leveraged · Single-Stock Leveraged · GraniteShares · Inception 2025-02-13

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.

$32.05−1.60 (−4.75%)

As of Sep 23, 2026, 3:05 PM EDT

History starts Feb 13, 2025.
Intraday session: down, 68 prints from 33.65 to 32.05. Range 31.43 to 32.85. Use the arrow keys to read each point.$31.50$32.50$33.0010 AM12 PM2 PM4 PM
Expense ratio
1.85%
Fund size
$410M
1Y return
+821.9%
Yield · Last 12 months
—
Holdings
2
Volume · 30D
5.2M sh
NAV per share
$32.56
52W range
low $3.66high $52.63

The ETF.net INTW Grade

C

46/ 100

Rank 100 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for INTW. Scores out of 100: Cost 4, Risk 70, Mission 98, Tradability 97, Holdings not scored, Durability 81. Strongest: Mission (98). Weakest: Cost (4). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 46 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 rank364/380 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 98
    Category rank18/147 · top 12%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 70
    Category rank60/285 · top 21%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 97
    Category rank3/380 · top 1%

  • 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 81
    Category rank14/380 · top 4%

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

Our read on INTW

ETF.net Research

CIntel with the volume knob at 2x. GraniteShares flipped its Intel short fund into a daily 2x long in early 2025, so every move in the chipmaker lands twice as hard, up and down, and the clock resets each morning.

Stated mandate

The Fund seeks daily investment results equal to twice the daily percentage change of Intel Corp.'s common stock, before fees and expenses.

Why people hold it

  1. 01One job, done cleanly: it aims for twice Intel's daily percentage move and has tracked that target closely, and it's one of the busier tickers in its corner of the market.graniteshares.com
  2. 022x, not 3x. Half the leverage of the category's wildest products means daily compounding bites less hard when the stock chops sideways.sec.gov
  3. 03Sits in the upper half of a crowded leveraged single-stock field on the things that matter mechanically: tracking, trading friction, structure.
  4. 04Straight-ahead swap-and-stock construction from a shop that has run leveraged single-stock funds for years, with the Intel short side offered in the same lineup.graniteshares.comsec.gov

Worth knowing

  1. 01The 1.85% expense ratio is roughly double what several rival 2x single-stock funds charge (GGLL and AAPU sit near 1%).
  2. 02Leverage resets daily. Hold past one session and compounding takes over, so a week or a month can land well away from 2x Intel's move over that stretch.sec.gov
  3. 03One chipmaker, doubled. There's no diversification underneath, and the fund isn't built as an income vehicle.

INTW Holdings

As of Sep 21, 2026, 4:06 AM
Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
INTC SWAP66.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—INTC SWAP66.67%6,498,929$707M1
002—US Dollars33.33%353,476,329$353M85

Showing 1–2 of 2 holdings

INTW Performance

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

INTW$92,192
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. INTW $92,192. SPY $11,723. Use the arrow keys to read each point.$-1,193$76,560$154,314Sep 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 INTW. Periods over one year show the average yearly return.
PeriodINTW
Year to date+524.3%
1 month+79.7%
3 months−35.8%
1 year+821.9%
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 INTW
YearReturn barINTW
2026 YTD+524.3%
2025+50.1%

Since listing, Feb 13, 2025

INTW in the news

ETF.net Research hasn’t filed on INTW yet — coverage lands here as it’s written.

INTW Dividends

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

No distributions in the last 12 months.

INTW 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.
280.0%
Annualised · 18 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.
1.05
vs 3-month T-bills · 18 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.
−69.2%
19 months · trough Jul 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.
4.26
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.

INTW Cost

Expense ratio1.85%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

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

INTW costs $185.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.