- Issuer
- GraniteShares
- Inception Date
- Jul 14, 2025
- Region
- Emerging Asia Pacific (China)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $7M
Share Price Chart
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Performance
PDDL Performance Chart
GraniteShares 2x Long PDD Daily ETF (PDDL) is down 56.8% since the beginning of the year. PDDL is currently trading at $12 per share.
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Returns By Period
GraniteShares 2x Long PDD Daily ETF
- 1D
- -1.33%
- 1M
- -32.14%
- YTD
- -56.81%
- 6M
- -53.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
PDDL Monthly Returns History
Based on dividend-adjusted daily data since Jul 15, 2025, PDDL's average daily return is -0.23%, while the average monthly return is -4.70%.
Historically, 42% of months were positive and 58% were negative. The best month was Sep 2025 with a return of +19.2%, while the worst month was May 2026 at -31.4%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 4 months.
On a daily basis, PDDL closed higher 48% of trading days. The best single day was May 6, 2026 with a return of +11.1%, while the worst single day was May 27, 2026 at -20.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -21.75% | 3.70% | -4.79% | -5.98% | -31.40% | -13.33% | -56.81% | ||||||
| 2025 | 17.48% | 11.04% | 19.23% | 2.46% | -26.88% | -6.22% | 9.27% |
Benchmark Metrics
GraniteShares 2x Long PDD Daily ETF has an annualized alpha of -64.59%, beta of 2.41, and R2 of 0.21 versus S&P 500 Index. Calculated based on daily prices since July 15, 2025.
- This ETF participated in 219.63% of S&P 500 Index downside but only -119.81% of its upside - more exposed to losses than it benefited from rallies.
- 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
- -64.59%
- Beta
- 2.41
- R²
- 0.21
- Upside Capture
- -119.81%
- Downside Capture
- 219.63%
Expense Ratio
PDDL has a high expense ratio of 1.50%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for GraniteShares 2x Long PDD Daily ETF (PDDL) 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.
| PDDL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
Dividends
Dividend History
GraniteShares 2x Long PDD Daily ETF provided a 0.77% dividend yield over the last twelve months, with an annual payout of $0.09 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.09 | $0.09 |
Dividend yield | 0.77% | 0.33% |
Monthly Dividends
The table displays the monthly dividend distributions for GraniteShares 2x Long PDD Daily ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.09 | $0.09 |
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 PDD 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 PDD Daily ETF was 71.74%, occurring on Jun 18, 2026. The portfolio has not yet recovered.
The current GraniteShares 2x Long PDD Daily ETF drawdown is 71.74%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -71.74%Jun 2026 | 7mo 21d | — | 7mo 25dOct 2025 - now |
2025 correction2025 | -16.18%Oct 2025 | 7d | 17d | 24dOct 2025 - Oct 2025 |
2025 correction2025 | -14.54%Aug 2025 | 8d | 20d | 28dJul 2025 - Aug 2025 |
2025 correction2025 | -12.29%Aug 2025 | 3d | 18d | 21dAug 2025 - Sep 2025 |
2025 pullback2025 | -9.22%Sep 2025 | 5d | 9d | 14dSep 2025 - Oct 2025 |
Drawdown Indicators
| PDDL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.74% | -56.78% | -14.96% |
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 | -71.74% | -2.49% | -69.25% |
Average DrawdownAverage peak-to-trough decline | -31.30% | -10.72% | -20.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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