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RVNL ETF — GraniteShares 2x Long RIVN Daily ETF
GraniteShares 2x Long RIVN Daily ETF (RVNL)
Updated October 16, 2026.
RVNL is an ETF linked to Rivian Automotive (RIVN). its expense ratio is 1.15%. Total return is -25.0% over the past 7.5 years, 220.5 points behind SPY at 195.5%.
GraniteShares 2x Long RIVN Daily ETF is a leveraged ETF that seeks to deliver twice the daily percentage change of Rivian Automotive stock through a combination of swaps, options, and direct stock purchases. The fund does not distribute income and carries an expense ratio of 1.15%. It is designed for traders seeking amplified exposure to Rivian's price movements on a daily basis, not for buy-and-hold investors seeking income.
RVNL holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: RIVN (physical holdings below may be collateral and options, not the reference asset itself).
RVNL performance versus SPY
Price and return data through 2026-10-16.
Total return is -25.0% over the past 7.5 years, 220.5 points behind SPY at 195.5%. Over the past year its total return — price change plus distributions reinvested — is -49.7%. Its deepest 1-year drawdown was 80.6%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -35.2% | — |
| 3M | -51.8% | — |
| 6M | -59.6% | — |
| YTD | -74.7% | — |
| 1Y | -49.7% | — |
| Since inception (7.5 years) | -25.0% | -3.80% |
RVNL key facts
- Issuer
- GraniteShares
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 04/21/2025
- Expense ratio
- 1.15%
- Distribution frequency
- None
- Last close
- $14.29 (as of 2026-10-16)
- AUM
- $12,418,322
- Average volume
- 82330.0
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: Rivian Automotive (RIVN); 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.
RVNL risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 80.6%.
Who may consider RVNL — and who may not
It is a weaker fit for investors who need monthly cash flow (RVNL does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on RVNL
Frequently asked questions
Does RVNL pay monthly?
No. RVNL does not currently distribute.
What is RVNL linked to?
RVNL is linked to Rivian Automotive (RIVN), not a broad market index.
What is RVNL's expense ratio?
RVNL's expense ratio is 1.15%.
When does RVNL pay a dividend?
RVNL does not currently distribute.
How has RVNL performed?
Total return is -25.0% over the past 7.5 years, 220.5 points behind SPY at 195.5%. Over the past year its total return — price change plus distributions reinvested — is -49.7%. Its deepest 1-year drawdown was 80.6%.
More securities from GraniteShares.
Tickers
Holdings as-of date unavailable.
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