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Beacon

QCMLGraniteShares 2x Long QCOM Daily ETF

Take a bet1y track recordRanked #265 of 775 in this goal

Seeks daily investment results of 200% of the daily performance of Qualcomm common stock.

By Graniteshares · Launched 2025

Annual Cost

1.50%

#5,447 of 5,562 · expensive

Fund Size

$227M

#2,214 of 5,562 · mid-size

Return (1Y)Goal

+60.9%

Track Record

1 year

#4,168 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$16,344+63.4%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

What it actually holds

By weight

Asset allocation

Cash
61.9%
Other
38.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
99.4%High

Year-on-year price swings

Max drawdown
-58.7%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks daily investment results of 200% of the daily performance of Qualcomm common stock.
Strategy
Invests primarily in financial instruments like swaps and options to achieve 2x daily exposure to Qualcomm stock. The Fund may also directly purchase Qualcomm shares and aims to replicate the daily performance of the stock.
Inception date
February 12, 2025
Fund family
Graniteshares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged single stock
Critical

Leveraged single-stock ETF — documented structural drag

Single-stock leveraged ETFs magnify one stock's daily move. Research on these products (Bessembinder et al., 2024) finds 56% posted negative absolute returns over one year, with ~9.5% annual drag versus the underlying stock. Daily rebalancing plus financing costs work against the investor on any holding period longer than a few days.

Source: Bessembinder, Cooper, Zhang — 'Leveraged Single-Stock ETFs' (SSRN 2024)

Why we flagged this: strategy=leveraged + single_stock_wrapper

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19