GraniteShares 2x Long ISRG Daily ETF (ISUL) Performance
ISUL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −46.9% since Dec 31, 2025
- 1 year
- −45.4% total return
- Since first price
- −16.9% since 2025
ISUL trailing returns vs SPY, QQQ, AGG
| Period | ISUL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +27.2% | +27.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +74.9% | +74.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −21.9% | −21.9% | +7.8% | +8.4% | −1.5% |
| YTD | −46.9% | −46.9% | +12.3% | +15.1% | −1.0% |
| 1 year | −45.4% | −45.4% | +14.4% | +15.9% | −1.1% |
| Since inceptionOct 7, 2025 | −16.9% | −16.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: ISUL vs SPY
From Oct 7, 2025: ISUL grew to $8,309, SPY to $11,480.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ISUL returns by calendar year
2026 is year to date.
ISUL annual returns table
| Year | ISUL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −46.9% | −72.2% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
ISUL largest drawdowns
Now 51.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 6, 2026 | −72.2% | Jul 23, 2026 | not yet | 7 months | 10 months so far |
| Nov 25, 2025 | −12.6% | Dec 12, 2025 | Jan 6, 2026 | 17 days | 42 days |
| Nov 10, 2025 | −10.4% | Nov 17, 2025 | Nov 25, 2025 | 7 days | 15 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
ISUL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 1 | −41.6% | −41.6% | −41.6% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
ISUL performance overview
GraniteShares 2x Long ISRG Daily ETF (ISUL) returned −45.4% over the past year, with distributions reinvested. Since its first recorded price on Oct 7, 2025 it has returned −16.9%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −72.2%, from Jan 6, 2026 to Jul 23, 2026; the fund has not yet regained that high.
Related: ISUL chart. See the ISUL overview for the latest quote and fund facts.
ISUL performance FAQ
What is the ISUL return over the past year?
ISUL returned −45.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 45.4%.
How much would $10,000 invested in ISUL be worth?
$10,000 invested in ISUL at its first recorded close on October 7, 2025 would be worth about $8,309 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of ISUL?
The largest peak-to-trough decline was −72.2% between January 6, 2026 and July 23, 2026. It has not yet recovered to that high; it is 51.3% below its peak.