PDDL ETF — GraniteShares 2x Long PDD Daily ETF

GraniteShares 2x Long PDD Daily ETF (PDDL)

Updated October 16, 2026.

PDDL is an ETF linked to PDD. its trailing-12-month yield is 0.82%, its expense ratio is 1.50%. Dividend Vision Distribution Safety Score™ is 40/100 (Unproven). Total return is -56.4% over the past 1.3 years, 33.5 points behind PDD at -22.9%.

GraniteShares 2x Long PDD Daily ETF is a leveraged ETF that seeks to deliver twice the daily percentage movement of PDD Holdings stock through swaps, options, and direct stock purchases; the fund is non-diversified and designed for short-term tactical trading rather than buy-and-hold investing. It carries a modest expense ratio of 1.50% and has made a special distribution recently, though its variable distribution schedule means regular payouts are not established. This ETF appeals to active traders seeking amplified exposure to PDD's price movements, not to income-focused or long-term buy-and-hold investors.

PDDL performance versus PDD

Price and return data through 2026-10-16.

Total return is -56.4% over the past 1.3 years, 33.5 points behind PDD at -22.9%. Its deepest 1-year drawdown was 76.7%.

PDDL key facts

Distribution Safety Score™

40 · Unproven

Issuer

GraniteShares

Asset type

ETF

Asset class

Equity

Inception date

07/14/2025

Expense ratio

1.50%

Distribution frequency

Variable

Trailing yield

0.82%

Last close

$11.42 (as of 2026-10-16)

AUM

$6,955,680

Average volume

7481.0

Dividend

$0.094

Ex-dividend date

12/29/2025

Payment date

12/31/2025

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.82%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: GraniteShares; Index: PDD Holdings (PDD); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

PDDL risks and drawbacks

Total return has trailed PDD over the available window. The deepest 1-year drawdown on record here is 76.7%.

Who may consider PDDL — and who may not

It is a weaker fit for investors whose main goal is matching PDD total return. This is educational context, not a recommendation to buy or sell.

More on PDDL

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Tagged: Leverage.

Frequently asked questions

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