- Issuer
- GraniteShares
- Inception Date
- Oct 6, 2025
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Domicile
- US
- Distribution Policy
- None
- Asset Class
- Equity
- Assets Under Management
- $202M
Highlights
- Avg. Volume (1M)
- 4M
- Avg. Volume Value (1M)
- $87.37M
Share Price Chart
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Performance
NBIL Performance Chart
GraniteShares 2X Long NBIS Daily ETF (NBIL) is up 133.1% since the beginning of the year. NBIL is currently trading at $21 per share.
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Returns By Period
GraniteShares 2X Long NBIS Daily ETF
- 1D
- 2.88%
- 1M
- -36.49%
- 6M
- 140.41%
- YTD
- 133.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
NBIL Monthly Returns History
Based on dividend-adjusted daily data since Oct 7, 2025, NBIL's average daily return is +0.80%, while the average monthly return is +12.07%. At this rate, an investment would double in approximately 0.5 years.
Historically, 50% of months were positive and 50% were negative. The best month was May 2026 with a return of +149.5%, while the worst month was Jul 2026 at -63.2%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, NBIL closed higher 49% of trading days. The best single day was Jul 30, 2026 with a return of +53.3%, while the worst single day was Jul 1, 2026 at -34.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.04% | 3.08% | 14.73% | 68.82% | 149.46% | 30.99% | -63.15% | 133.11% | |||||
| 2025 | -1.61% | -51.76% | -26.85% | -65.28% |
Benchmark Metrics
GraniteShares 2X Long NBIS Daily ETF has an annualized alpha of 176.16%, beta of 7.25, and R2 of 0.21 versus S&P 500 Index. Calculated based on daily prices since October 07, 2025.
- This ETF captured 726.12% of S&P 500 Index gains and 542.35% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.21 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 176.16%
- Beta
- 7.25
- R²
- 0.21
- Upside Capture
- 726.12%
- Downside Capture
- 542.35%
Expense Ratio
NBIL has a high expense ratio of 1.50%, indicating above-average management fees.
Return for Risk
Risk / Return Metrics
The table below present risk-adjusted performance metrics for GraniteShares 2X Long NBIS Daily ETF (NBIL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NBIL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.00 | — |
| Martin ratioReturn relative to average drawdown | — | 8.49 | — |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the GraniteShares 2X Long NBIS Daily ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the GraniteShares 2X Long NBIS Daily ETF was 78.84%, occurring on Jul 29, 2026. The portfolio has not yet recovered.
The current GraniteShares 2X Long NBIS Daily ETF drawdown is 66.62%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-78.84%Jul 2026 | 1mo 7d | — | 1mo 11dJun 2026 - now | — |
-77.87%Feb 2026 | 3mo 24d | 3mo | 6mo 24dOct 2025 - May 2026 | — |
-38.02%Jun 2026 | 8d | 7d | 15dJun 2026 - Jun 2026 | — |
-25.33%May 2026 | 5d | 8d | 13dMay 2026 - May 2026 | — |
-18.37%May 2026 | 1d | 5d | 6dMay 2026 - May 2026 | — |
Drawdown Indicators
| NBIL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.84% | -56.78% | -22.06% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -66.62% | -1.58% | -65.04% |
Average DrawdownAverage peak-to-trough decline | -43.76% | -10.70% | -33.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.14% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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