- ISIN
- US38747R5871
- CUSIP
- 38747R587
- Issuer
- GraniteShares
- Inception Date
- Feb 13, 2025
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- Qualcomm Inc. (QCOM)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Assets Under Management
- $49M
Highlights
- Avg. Volume (1M)
- 773K
- Avg. Volume Value (1M)
- $13.54M
Share Price Chart
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Performance
QCML Performance Chart
GraniteShares 2x Long QCOM Daily ETF (QCML) is down 42.4% since the beginning of the year. QCML is currently trading at $12 per share.
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Compare this symbol against anything
Returns By Period
GraniteShares 2x Long QCOM Daily ETF (QCML) has returned -42.41% so far this year and -27.37% over the past 12 months.
GraniteShares 2x Long QCOM Daily ETF
- 1D
- -5.62%
- 1M
- -31.62%
- 6M
- -25.47%
- YTD
- -42.41%
- 1Y
- -27.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -39.56%
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%
QCML Monthly Returns History
Based on dividend-adjusted daily data since Feb 13, 2025, QCML's average daily return is -0.01%, while the average monthly return is +0.92%. At this rate, an investment would double in approximately 6.3 years.
Historically, 39% of months were positive and 61% were negative. The best month was Apr 2026 with a return of +87.7%, while the worst month was Jun 2026 at -49.5%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 4 months.
On a daily basis, QCML closed higher 50% of trading days. The best single day was Apr 30, 2026 with a return of +35.9%, while the worst single day was May 12, 2026 at -23.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -22.73% | -13.56% | -18.14% | 87.71% | 79.63% | -49.45% | -38.21% | -42.41% | |||||
| 2025 | -17.53% | -4.98% | -11.81% | -6.31% | 19.64% | -14.24% | 15.56% | 7.57% | 15.04% | -15.60% | 3.90% | -16.71% |
Benchmark Metrics
GraniteShares 2x Long QCOM Daily ETF has an annualized alpha of -42.38%, beta of 3.33, and R2 of 0.34 versus S&P 500 Index. Calculated based on daily prices since February 13, 2025.
- This ETF captured 496.05% of S&P 500 Index gains and 447.34% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.34 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -42.38%
- Beta
- 3.33
- R²
- 0.34
- Upside Capture
- 496.05%
- Downside Capture
- 447.34%
Expense Ratio
QCML has a high expense ratio of 1.50%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
QCML ranks 9 for risk / return — above 9% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for GraniteShares 2x Long QCOM Daily ETF (QCML) 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.
| QCML | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.25 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 2.00 | -2.41 |
| Martin ratioReturn relative to average drawdown | -0.83 | 8.49 | -9.32 |
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 QCOM 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 QCOM Daily ETF was 68.76%, occurring on Jul 31, 2026. The portfolio has not yet recovered.
The current GraniteShares 2x Long QCOM Daily ETF drawdown is 68.76%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-68.76%Jul 2026 | 2mo | — | 2mo 2dJun 2026 - now | — |
-59.13%Apr 2026 | 1y 1mo | 1mo | 1y 2moFeb 2025 - May 2026 | — |
-33.95%May 2026 | 7d | 7d | 14dMay 2026 - May 2026 | — |
-12.37%May 2026 | 1d | 2d | 2dMay 2026 - May 2026 | — |
-0.10%Feb 2025 | 1d | 4d | 4dFeb 2025 - Feb 2025 | 2025 selloff2025 |
Drawdown Indicators
| QCML | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.76% | -56.78% | -11.98% |
Max Drawdown (1Y)Largest decline over 1 year | -68.76% | -9.10% | -59.66% |
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 | -68.76% | -1.58% | -67.18% |
Average DrawdownAverage peak-to-trough decline | -30.79% | -10.70% | -20.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.51% | 2.14% | +31.37% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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