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SMCL ETF — GraniteShares 2x Long SMCI Daily ETF
GraniteShares 2x Long SMCI Daily ETF (SMCL)
Updated October 16, 2026.
SMCL is an ETF linked to Super Micro Computer (SMCI). its expense ratio is 1.50%. Total return is 1890.5% over the past 1.8 years, 1907.1 points ahead of SMCI at -16.6%.
GraniteShares 2x Long SMCI Daily ETF is a leveraged fund that seeks to deliver twice the daily percentage change of Super Micro Computer stock through swaps, options, and direct stock purchases; it is non-diversified and designed for tactical trading rather than buy-and-hold investing. The fund does not currently distribute income, and carries an expense ratio of 1.50%. This fund appeals to experienced traders seeking concentrated directional exposure with daily rebalancing, not to income investors or those with longer time horizons.
SMCL holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: SMCI (physical holdings below may be collateral and options, not the reference asset itself).
SMCL performance versus SMCI
Price and return data through 2026-10-16.
Total return is 1890.5% over the past 1.8 years, 1907.1 points ahead of SMCI at -16.6%. Over the past year its total return — price change plus distributions reinvested — is -90.7%. Its deepest 1-year drawdown was 93.6%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -30.5% | — |
| 3M | 29.9% | — |
| 6M | -36.6% | — |
| YTD | -63.7% | — |
| 1Y | -90.7% | — |
| Since inception (1.8 years) | 1890.5% | 407.00% |
SMCL key facts
- Issuer
- GraniteShares
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 12/10/2024
- Expense ratio
- 1.50%
- Distribution frequency
- None
- Last close
- $10.94 (as of 2026-10-16)
- AUM
- $51,596,206
- Average volume
- 731892.0
- Beta
- 6.8625
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: Super Micro Computer (SMCI); 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.
SMCL risks and drawbacks
The deepest 1-year drawdown on record here is 93.6%.
Who may consider SMCL — and who may not
It is a weaker fit for investors who need monthly cash flow (SMCL does not currently distribute). This is educational context, not a recommendation to buy or sell.
More on SMCL
Frequently asked questions
Does SMCL pay monthly?
No. SMCL does not currently distribute.
What is SMCL linked to?
SMCL is linked to Super Micro Computer (SMCI), not a broad market index.
What is SMCL's expense ratio?
SMCL's expense ratio is 1.50%.
When does SMCL pay a dividend?
SMCL does not currently distribute.
How has SMCL performed?
Total return is 1890.5% over the past 1.8 years, 1907.1 points ahead of SMCI at -16.6%. Over the past year its total return — price change plus distributions reinvested — is -90.7%. Its deepest 1-year drawdown was 93.6%.
More securities from GraniteShares.
Tickers
Holdings as-of date unavailable.
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