Share-split context: A forward split was recorded on Jun 26, 2026 with coefficient 3. A forward split turns each old share into multiple new shares and lowers the quoted price per share proportionally. Proportional ownership is unchanged at the split moment, so the split itself creates neither a gain nor a loss. The price-return figures in this report are already split-adjusted.

ETF Education Report: GRANITESHARES 2X LONG VRT DAILY ETF (VRTL)

What this ETF is trying to do

The VRTL ETF is a leveraged fund. This means it is designed to move in a different way than standard funds, often aiming for larger daily price movements. It is listed on the NASDAQ exchange.

What the numbers show

As of October 7, 2026, the current price of one share is $23.76.

When looking at how much the price has changed, we look at "price returns." This measures only the movement of the share price. For this ETF:

• Year-to-Date (YTD) Price Return: Approximately 43.42%

• One-Year Price Return: Approximately 33.23%

Because this ETF also provides "total return" data, we can see the full picture. Total return includes both price changes and any distributions (cash payments) made to investors. For this fund, the YTD total return is 43.42% and the one-year total return is 33.23%. In this specific case, the price return and the total return are the same.

It is important to note that this ETF has a history of "forward splits." The most recent split happened on June 26, 2026. In a forward split, each old share becomes multiple new shares (in this case, the coefficient was 3). While this makes the price per share look lower, it does not change the total value of what you own at the moment it happens. Because there is a split history, we use split-adjusted returns to show accurate performance.

Income and distribution explanation

Some investors look for ETFs that pay them regular cash, known as distributions. This ETF has a distribution yield of 0%. No distributions were detected over the last 12 months.

NAV erosion explanation

"NAV erosion" is a term used to describe when the value of the underlying assets in a fund decreases over time. StockValueFinder uses an "erosion score" to measure this risk. For VRTL, the erosion score is 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.

Pros

• The fund has shown significant positive price returns both year-to-date and over the last year.

• The erosion-risk measurements currently show no signs of price deterioration.

Cons

• This is a leveraged ETF, which typically involves higher risk and different price movements than standard ETFs.

• There is no history of cash distributions for investors seeking income.

Beginner takeaway

VRTL is a leveraged ETF that has seen strong price growth recently. While it has experienced a forward split in the past, its current performance is measured using split-adjusted numbers to keep things accurate. It does not currently pay out cash distributions and shows no current signs of price erosion according to the provided risk scores.