Skip to content
etf.net

Launched

GraniteShares 2x Long NBIS Daily ETF

NBILNasdaqCThis 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.

$19.82−0.62 (−3.03%)

At close: Oct 13, 2026, 4:00 PM

C43/ 100

Rank 116 of 380 in Single-Stock Long Leveraged

C43/100Rank 116 of 380inSingle-Stock Long Leveraged
Intraday session: down, 79 prints from 20.44 to 19.82. Range 18.16 to 19.97. Use the arrow keys to read each point.18.5019.0019.5010 AM12 PM2 PM4 PM
Expense ratio
1.50%
Fund size
$177M
1Y total return
−22.9%
Yield · Last 12 months
—
Holdings
2
Avg volume · 30D
3.4M sh
NAV per share
$20.42
52W range
low $6.37high $68.49
Launched

The ETF.net NBIL Grade

Based on 5 of 6 pillars

C

Score 43 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
116 of 380
Six-pillar profile for NBIL. Scores out of 100: Cost 13, Risk 42, Mission 96, Tradability 95, Holdings not scored, Durability 75. Strongest: Mission (96). Weakest: Cost (13). 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.
    F13 out of 100
    Rank 302 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A96 out of 100
    Rank 34 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C42 out of 100
    Rank 219 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A95 out of 100
    Rank 4 of 380

  • 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.
    A75 out of 100
    Rank 40 of 380

Our read on NBIL

ETF.net Research

CTwo times the daily move of Nebius, the Amsterdam AI-cloud company rebuilt from Yandex's non-Russian assets. One volatile stock, doubled, reset every night: a trading tool by design, not a set-and-forget holding.

Stated mandate

The Fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change of Nebius Group N.V. stock.

Why people hold it

  1. 01Does the job on the tin: it has stayed close to its stated 2x daily NBIS target, one of the tighter implementations in a crowded single-stock leverage field.
  2. 02Actively traded for such a young fund, which helps keep the cost of getting in and out contained.
  3. 03Doubled exposure to a GPU-cloud builder in an ordinary brokerage account: no margin agreement, no options chain, no swap paperwork of your own.graniteshares.com

Worth knowing

  1. 01The 1.50% expense ratio sits well above the typical 2x single-stock fund, and rivals (NBIG, NEBX) chase the same daily NBIS target.leverageshares.comtradretfs.com
  2. 02The multiple resets daily, so results over longer stretches can drift far from 2x the stock's move, especially through choppy trading.graniteshares.com
  3. 03One AI infrastructure name, leveraged, launched in 2025: concentrated, volatile, and with a short record to judge it by. No distributions.

NBIL Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
NBIS66.7%

Geography

  • Netherlands100.00%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NBISNbis66.65%1,683,574$354M186
002—US Dollars33.35%176,954,193$177M85

Showing 1–2 of 2 holdings

NBIL Performance

Launched Oct 7, 2025

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.
NBIL$7,713
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. NBIL $7,713. SPY $12,044. Use the arrow keys to read each point.$1,372$13,421$25,469Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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 NBIL. Periods over one year show the average yearly return.
PeriodNBIL
Year to date+126.4%
1 month−16.6%
3 months−39.3%
1 year−22.9%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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 NBIL
YearReturn barNBIL
2026 YTD+126.4%
2025−59.2%

Since listing, Oct 7, 2025

NBIL in the news

Filtered to NBIL · Single-Stock Long Leveraged

NBIL Dividends

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

No distributions in the last 12 months.

NBIL 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.
—
No data available
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.
—
No data available
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.
−78.8%
12 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.
7.58
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.

NBIL Cost

Expense ratio1.50%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

279 of the 333 Single-Stock Long Leveraged funds charge less.

NBIL costs $150.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.

Other funds in Single-Stock Long Leveraged

See others