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QCML ETF — GraniteShares 2x Long QCOM Daily ETF
GraniteShares 2x Long QCOM Daily ETF (QCML)
Updated October 16, 2026.
QCML is an ETF linked to Qualcomm (QCOM). its expense ratio is 1.50%. Total return is -38.5% over the past 1.7 years, 42.3 points behind QCOM at 3.8%.
GraniteShares 2x Long QCOM Daily ETF is a leveraged exchange-traded fund that seeks to replicate twice the daily percentage change of Qualcomm stock through swaps, options, and direct equity purchases. The fund does not distribute income and carries an expense ratio of 1.50%. It appeals to experienced traders and tactical investors seeking amplified short-term exposure to Qualcomm, though the daily rebalancing mechanism means it is not designed for buy-and-hold strategies.
QCML holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: QCOM (physical holdings below may be collateral and options, not the reference asset itself).
QCML performance versus QCOM
Price and return data through 2026-10-16.
Total return is -38.5% over the past 1.7 years, 42.3 points behind QCOM at 3.8%. Over the past year its total return — price change plus distributions reinvested — is -22.4%. Its deepest 1-year drawdown was 68.8%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -16.4% | — |
| 3M | -5.3% | — |
| 6M | 24.3% | — |
| YTD | -26.1% | — |
| 1Y | -22.4% | — |
| Since inception (1.7 years) | -38.5% | -25.20% |
QCML key facts
- Issuer
- GraniteShares
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 02/12/2025
- Expense ratio
- 1.50%
- Distribution frequency
- None
- Last close
- $15.73 (as of 2026-10-16)
- AUM
- $51,944,182
- Average volume
- 227621.0
- Beta
- 4.059
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 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: Qualcomm (QCOM); 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.
QCML risks and drawbacks
Total return has trailed QCOM over the available window. The deepest 1-year drawdown on record here is 68.8%.
Who may consider QCML — and who may not
It is a weaker fit for investors who need monthly cash flow (QCML does not currently distribute); investors whose main goal is matching QCOM total return. This is educational context, not a recommendation to buy or sell.
More on QCML
Frequently asked questions
Does QCML pay monthly?
No. QCML does not currently distribute.
What is QCML linked to?
QCML is linked to Qualcomm (QCOM), not a broad market index.
What is QCML's expense ratio?
QCML's expense ratio is 1.50%.
When does QCML pay a dividend?
QCML does not currently distribute.
How has QCML performed?
Total return is -38.5% over the past 1.7 years, 42.3 points behind QCOM at 3.8%. Over the past year its total return — price change plus distributions reinvested — is -22.4%. Its deepest 1-year drawdown was 68.8%.
More securities from GraniteShares.
Tickers
Holdings as-of date unavailable.
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