- ISIN
- US38747R6036
- CUSIP
- 38747R603
- Issuer
- GraniteShares
- Inception Date
- Oct 7, 2019
- Region
- North America (U.S.)
- Category
- Large Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- XOUT U.S. Large Cap Index
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $75M
Share Price Chart
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Performance
XOUT Performance Chart
GraniteShares XOUT U.S. Large Cap ETF (XOUT) is down 3.2% since the beginning of the year. XOUT is currently trading at $65 per share. Investors who bought $1,000 worth of XOUT shares 5 years ago would now be looking at an investment worth $1,680.
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Returns By Period
GraniteShares XOUT U.S. Large Cap ETF (XOUT) has returned -3.24% so far this year and 8.51% over the past 12 months.
GraniteShares XOUT U.S. Large Cap ETF
- 1D
- -2.27%
- 1M
- 9.28%
- YTD
- -3.24%
- 6M
- -4.85%
- 1Y
- 8.51%
- 3Y*
- 18.88%
- 5Y*
- 10.93%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
XOUT Monthly Returns History
Based on dividend-adjusted daily data since Oct 7, 2019, XOUT's average daily return is +0.07%, while the average monthly return is +1.35%. At this rate, an investment would double in approximately 4.3 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2023 with a return of +14.4%, while the worst month was Apr 2022 at -11.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, XOUT closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +11.5%, while the worst single day was Mar 16, 2020 at -10.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -7.07% | -6.19% | -5.98% | 5.16% | 13.45% | -1.05% | -3.24% | ||||||
| 2025 | 5.40% | -5.00% | -8.12% | 4.95% | 7.59% | 6.03% | 1.71% | 0.22% | 2.77% | 5.00% | -1.12% | -1.35% | 18.18% |
| 2024 | 3.02% | 5.71% | 0.59% | -5.28% | 2.88% | 8.93% | -4.87% | 4.24% | 0.91% | -0.41% | 7.77% | -1.43% | 23.11% |
| 2023 | 7.16% | -1.21% | 5.90% | 1.39% | 2.56% | 6.68% | 2.93% | -0.64% | -5.59% | -3.00% | 14.35% | 6.86% | 42.32% |
| 2022 | -8.30% | -4.40% | 4.35% | -11.66% | -2.40% | -7.95% | 11.08% | -4.44% | -9.16% | 6.01% | 3.72% | -6.71% | -28.18% |
| 2021 | -0.89% | 0.95% | 2.21% | 6.25% | -0.61% | 4.74% | 2.84% | 3.98% | -5.96% | 7.65% | 0.59% | 2.40% | 26.13% |
Benchmark Metrics
GraniteShares XOUT U.S. Large Cap ETF has an annualized alpha of 0.06%, beta of 1.05, and R2 of 0.83 versus S&P 500 Index. Calculated based on daily prices since October 08, 2019.
- This ETF captured 107.95% of S&P 500 Index gains and 107.75% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.05 and R2 of 0.83, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.06%
- Beta
- 1.05
- R²
- 0.83
- Upside Capture
- 107.95%
- Downside Capture
- 107.75%
Expense Ratio
XOUT has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
XOUT ranks 15 for risk / return — in the bottom 15% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for GraniteShares XOUT U.S. Large Cap ETF (XOUT) and compare them to S&P 500 Index.
| XOUT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.41 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 2.93 | -2.56 |
| Martin ratioReturn relative to average drawdown | 0.92 | 13.52 | -12.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
GraniteShares XOUT U.S. Large Cap ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.18 | $0.17 | $0.13 | $0.19 | $0.05 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.40% | 0.51% | 0.28% | 0.53% | 0.19% |
Monthly Dividends
The table displays the monthly dividend distributions for GraniteShares XOUT U.S. Large Cap 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.18 |
| 2022 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.17 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.13 |
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 XOUT U.S. Large Cap 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 XOUT U.S. Large Cap ETF was 31.29%, occurring on Oct 14, 2022. Recovery took 294 trading sessions.
The current GraniteShares XOUT U.S. Large Cap ETF drawdown is 6.09%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -31.29%Oct 2022 | 9mo 20d | 1y 2mo | 1y 11moDec 2021 - Dec 2023 |
COVID crash2020 | -31.28%Mar 2020 | 1mo 2d | 3mo 15d | 4mo 17dFeb 2020 - Jul 2020 |
2025 selloff2025 | -23.77%Apr 2025 | 1mo 26d | 2mo 18d | 4mo 14dFeb 2025 - Jun 2025 |
2026 bear market2026 | -23.21%Mar 2026 | 4mo 29d | — | 7mo 8dOct 2025 - now |
2024 correction2024 | -13.38%Aug 2024 | 28d | 2mo 7d | 3mo 5dJul 2024 - Oct 2024 |
Drawdown Indicators
| XOUT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.29% | -56.78% | +25.49% |
Max Drawdown (1Y)Largest decline over 1 year | -23.21% | -9.10% | -14.11% |
Max Drawdown (3Y)Largest decline over 3 years | -23.77% | -18.90% | -4.87% |
Max Drawdown (5Y)Largest decline over 5 years | -31.29% | -25.43% | -5.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -6.09% | -0.74% | -5.35% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -10.72% | +2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.25% | 1.97% | +7.28% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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