ETF Education Report: GraniteShares 2x Long ETOR Daily ETF (ETRL)

What this ETF is trying to do

The GraniteShares 2x Long ETOR Daily ETF (ticker: ETRL) is an exchange-traded fund listed on the NASDAQ. While the specific investment strategy details are not provided in the data, ETFs like this one are typically designed to track or provide exposure to a specific index or asset class.

What the numbers show

As of June 24, 2026, the current price of ETRL is $12.58.

When looking at how the fund has performed this year, we look at two different types of returns:

• Year-to-Date (YTD) Price Return: This measures only the change in the share price. For ETRL, the YTD price return is approximately 1.78%.

• Year-to-Date (YTD) Total Return: This measure includes both the share price change and any distributions (cash payments). The supplied YTD total return for this ETF is also approximately 1.78%.

Because the price return and the total return are the same in this data, it shows that the share price movement accounts for the entire return so far this year.

Income and distribution explanation

Some investors look for ETFs that pay regular cash distributions. However, for ETRL, no distributions were detected over the last 12 months. The distribution yield is 0.0%, and there have been no payout counts recorded in the past year. This means the fund has not provided cash income to shareholders during this period.

NAV erosion explanation

"NAV" stands for Net Asset Value, which is essentially the value of everything the ETF owns. "NAV erosion" is a term used when the value of those underlying assets declines significantly over time.

For this ETF, the erosion-risk score is not available because there is insufficient verified price history. There is no severe erosion-risk flag present in the data. Without more historical data, we cannot measure the risk of price deterioration or potential NAV erosion for this fund.

Pros

• The ETF has shown a positive YTD total return of approximately 1.78%.

• It currently shows no severe erosion-risk flag based on the available data.

Cons

• There is no recorded history of cash distributions or income for investors seeking regular payouts.

• There is insufficient price history to provide an erosion-risk score or a long-term view of performance.

Beginner takeaway

When studying an ETF, it is important to look at both the share price and the total return. The price return tells you how much the stock price moved, while the total return tells you the full picture including any cash paid out. In the case of ETRL, the data shows a small positive return for the year so far, but no income was distributed to shareholders. Always remember that past performance does not guarantee what will happen in the future.