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Launched

GraniteShares 2x Long RDDT Daily ETF

RDTLNasdaqGraniteSharesDThis 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.

$3.57−0.06 (−1.65%)

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

D30/ 100

Rank 323 of 380 in Single-Stock Long Leveraged

D30/100Rank 323 of 380inSingle-Stock Long Leveraged
Intraday session: down, 79 prints from 3.63 to 3.57. Range 3.55 to 3.94. Use the arrow keys to read each point.3.703.803.9010 AM12 PM2 PM4 PM
Expense ratio
1.95%*
Fund size
$38M
1Y total return
−92.0%
Yield · Last 12 months
No data
Holdings
2
Avg volume · 30D
808K sh
52W range
low $3.31high $65.00
Launched

*After a fee waiver that ends Dec 31, 2027. Without it: 1.99%.

The ETF.net RDTL Grade

D

Score 30 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
323 of 380
Six-pillar profile for RDTL. Scores out of 100: Cost 0, Risk 32, Mission 85, Tradability 76, Holdings 44, Durability 76. Strongest: Mission (85). Weakest: Cost (0). Leans toward Mission.

Score 30 of 100 falls in the D 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.
    F0 out of 100
    Rank 377 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A85 out of 100
    Rank 103 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D32 out of 100
    Rank 280 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A76 out of 100
    Rank 54 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C44 out of 100
    Rank 4 of 6

  • 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 RDTL

ETF.net Research

In short

DOne stock, one day. RDTL aims for twice Reddit's daily percentage move via derivatives, resetting every session, and the prospectus frames it as a short-term trading vehicle rather than a buy-and-hold Reddit position.

Stated mandate

The Fund seeks to deliver twice the daily percentage change of Reddit Inc. common stock before fees and expenses. It is intended as a short-term trading vehicle and is not designed to provide twice the cumulative return over periods longer than one day.

Why people hold it

  • The mandate is blunt: 2x the daily percentage change in RDDT, reset each session, written up as a short-term trading tool rather than a long-term holding.graniteshares.com
  • Fee is 1.50% net of a waiver through December 31, 2026, against a 2.44% gross, so the waiver is doing real work on the sticker price.
  • Actively traded, which counts for a product whose whole design life is measured in single sessions.
  • The leverage lives inside the fund: one ticker, no margin loan or options chain to manage yourself.graniteshares.com

Worth knowing

  • Hold longer than a day and compounding takes the wheel. Results track the path RDDT travels, and higher volatility pushes outcomes further from 2x.sec.gov
  • Cost sits above the category median, and cheaper 2x wrappers exist on other names: OKTG at 0.75%, TSMG at 0.76%, neither with a waiver attached.
  • Everything rides on one company. A single earnings print or platform headline is the entire story, doubled, with no diversification underneath.

RDTL Holdings

Holdings pillarC44 out of 100Rank 4 of 6 in Single-Stock Long Leveraged
Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
RDDT66.7%

Sectors

  • Communication100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1RDDTRddt66.74%588,055$76.2M293
2No dataUS Dollars33.26%37,988,530$38M85

Showing 1–2 of 2 holdings

RDTL Performance

Launched Mar 25, 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.
RDTL$801
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. RDTL $801. SPY $11,199. Use the arrow keys to read each point.$0$5,000$10,000Oct 2025Apr 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 RDTL. Periods over one year show the average yearly return.
PeriodRDTL
Year to date−92.8%
1 month−67.9%
3 months−70.0%
1 year−92.0%
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 RDTL
YearReturn barRDTL
2026 YTD−92.8%
2025+98.1%

Since listing, Mar 25, 2025

RDTL in the news

RDTL Dividends

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

No distributions in the last 12 months.

RDTL Risk

Risk pillarD32 out of 100Rank 280 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.
127.8%
Annualised · 19 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.
−0.14
vs 3-month T-bills · 19 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.
−95.6%
19 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.
3.18
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.

RDTL Cost

Compare RDTL and GOGL

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

$28,126

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

  • RDTL 1.95%

    $32,281

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • RDTL 1.95%
  • 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$30K$40K051015202530RDTL $32,281GOGL $4,155

Year by year

YearRDTLGOGLOverpaying
10$3,305$365$2,940
20$11,910$1,421$10,489
30$32,281$4,155$28,126
How the 1.95% is worked out

Full fee 1.99%− waiver 0.04%= you pay 1.95%

The waiver ends Dec 31, 2027. After that the fee is 1.99% unless GraniteShares renews it. Source: prospectus, Oct 2026.

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