ETF Education Report: GraniteShares 2x Long NBIS Daily ETF (NBIL)

What this ETF is trying to do

The GraniteShares 2x Long NBIS Daily ETF (NBIL) is a type of investment known as a leveraged ETF. This means it is designed to aim for a return that is twice (2x) the daily performance of its target index. Because it uses leverage, the price can move much faster than a standard fund.

What the numbers show

As of October 5, 2026, the current price of NBIL is $25.60.

When looking at how much the price has changed this year, we look at the Year-to-Date (YTD) figures. The YTD price return is approximately 183.36%. This number measures only the change in the share price. For this specific ETF, the YTD total return is also approximately 183.36%. Total return is a measure that includes both price changes and any cash distributions, but in this case, the two numbers are the same.

Data for one-year and three-year returns was not supplied. Because there is no recorded history of share splits, we cannot compare the current price to an estimated price from one year ago.

Income and distribution explanation

Some investors look for ETFs that pay them regular cash, which is called a "distribution yield." For NBIL, the distribution yield is 0%. No distributions were detected over the last 12 months. Because there are no payouts, this ETF does not currently provide cash income to investors.

NAV erosion explanation

"NAV erosion" is a term used when the value of the underlying assets in a fund decreases significantly. While some investors worry about this, there is no "severe erosion-risk flag" for this ETF. The erosion score is currently withheld because there is not enough verified price history available to provide a rating.

Pros

• High YTD Performance: The ETF has shown a very high price return of approximately 183.36% so far this year.

• Leveraged Growth: Because it is a 2x leveraged fund, it is designed to amplify the gains of its target index.

Cons

• No Income: This ETF does not pay out distributions or dividends.

• Leverage Risk: While leverage can increase gains, it also increases the speed at which prices can fall.

• Limited History: There is currently insufficient verified price history to provide long-term return data or an erosion score.

Beginner takeaway

NBIL is a leveraged ETF, which means it moves with more intensity than standard funds. It has had a very strong year in terms of share-price growth, but it does not pay out any cash income to investors. Always remember that leveraged funds are designed for daily movements and can be very volatile.