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Launched

GraniteShares 2x Long NBIS Daily ETF

NBILNasdaqGraniteSharesCThis 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.

$8.44−1.66 (−16.44%)

At close: Nov 2, 2026, 4:00 PM ET

C46/ 100

Rank 102 of 380 in Single-Stock Long Leveraged

C46/100Rank 102 of 380inSingle-Stock Long Leveraged
Intraday session: down, 79 prints from 10.10 to 8.44. Range 8.41 to 10.15. Use the arrow keys to read each point.9.009.5010 AM12 PM2 PM4 PM
Expense ratio
1.41%*
Fund size
$198M
1Y total return
−60.5%
Yield · Last 12 months
No data
Holdings
2
Avg volume · 30D
4.5M sh
52W range
low $6.37high $68.49
Launched

*After a fee waiver that ends Dec 31, 2027. Without it: 1.45%.

The ETF.net NBIL Grade

Based on 5 of 6 pillars

C

Score 46 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
102 of 380
Six-pillar profile for NBIL. Scores out of 100: Cost 20, Risk 44, Mission 97, Tradability 95, Holdings not scored, Durability 76. Strongest: Mission (97). Weakest: Cost (20). Based on 5 of 6 pillars.

Score 46 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.
    F20 out of 100
    Rank 303 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A97 out of 100
    Rank 19 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C44 out of 100
    Rank 209 of 368

  • 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.
    A76 out of 100
    Rank 37 of 380

Our read on NBIL

ETF.net Research

In short

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

  • Does 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.
  • Actively traded for such a young fund, which helps keep the cost of getting in and out contained.
  • Doubled 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

  • The 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
  • The multiple resets daily, so results over longer stretches can drift far from 2x the stock's move, especially through choppy trading.graniteshares.com
  • One AI infrastructure name, leveraged, launched in 2025: concentrated, volatile, and with a short record to judge it by. No distributions.

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$3,945
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. NBIL $3,945. SPY $11,199. Use the arrow keys to read each point.$10,000$20,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+11.8%
1 month−61.7%
3 months−52.0%
1 year−60.5%
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 NBIL
YearReturn barNBIL
2026 YTD+11.8%
2025−59.2%

Since listing, Oct 7, 2025

NBIL in the news

NBIL Dividends

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

No distributions in the last 12 months.

NBIL Risk

Risk pillarC44 out of 100Rank 209 of 368 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.
207.5%
Annualised · 12 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.
0.40
vs 3-month T-bills · 12 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.
−84.0%
12 months · trough Oct 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.

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

NBIL Cost

Compare NBIL and GOGL

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

$20,837

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

  • NBIL 1.41%

    $24,992

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • NBIL 1.41%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530NBIL $24,992GOGL $4,155

Year by year

YearNBILGOGLOverpaying
10$2,444$365$2,079
20$9,017$1,421$7,596
30$24,992$4,155$20,837
How the 1.41% is worked out

Full fee 1.45%− waiver 0.04%= you pay 1.41%

The waiver ends Dec 31, 2027. After that the fee is 1.45% unless GraniteShares renews it. Source: prospectus, Oct 2026.

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