What this ETF is trying to do

RDTL is the ticker for the GRANITESHARES 2X LONG RDDT DAILY ETF. This is a leveraged ETF, which means it is designed to move in a different way than the standard market. It is traded on the NASDAQ exchange.

What the numbers show

The current price of RDTL is $12.54. If we look back at the estimated price from roughly one year ago, it was about $46.46. This shows that the share price has gone down significantly over the last year.

The data provides two important ways to look at this change:

• One-year price return: The share price has dropped by approximately 73.01% over the last year.

• Year-to-date (YTD) price return: Since the start of this year, the share price has dropped by approximately 75.02%.

Because these are "price returns," they only measure how much the share price itself changed.

Income and distribution explanation

Some investors look for ETFs that pay them cash regularly, which is called a distribution. However, RDTL does not currently provide this. The distribution yield is 0%, and no distributions were detected in the last 12 months. Because of this, the fund has an income rating grade of F.

NAV erosion explanation

The data shows a "severe erosion-risk flag." This means that based on the price trends and the erosion score, there is a high risk of price deterioration. The erosion score is 10, which is labeled as "Severe price erosion."

It is important to know that a falling share price is not the same thing as NAV erosion. NAV (Net Asset Value) is the actual value of the assets held by the fund. The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

Pros

The provided data does not list any specific pros for this ETF.

Cons

• Significant share-price decline: The price has dropped by over 73% in one year.

• No income: There are no distributions or cash payments being made to investors.

• High risk warning: The fund has a severe erosion-risk flag and a low erosion score.

Beginner takeaway

RDTL is a leveraged ETF that has experienced a large share-price decline over the past year. It does not pay out any income to investors, and it carries a severe erosion-risk flag due to its falling price.