GraniteShares 2x Long PDD Daily ETF (PDDL) Performance
PDDL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −61.6% since Dec 31, 2025
- 1 year
- −73.1% total return
- Since first price
- −58.7% since 2025
PDDL trailing returns vs SPY, QQQ, AGG
| Period | PDDL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.0% | −3.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −16.6% | −16.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −44.6% | −44.6% | +7.8% | +8.4% | −1.5% |
| YTD | −61.6% | −61.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −73.1% | −73.2% | +14.4% | +15.9% | −1.1% |
| Since inceptionJul 15, 2025 | −58.7% | −58.9% | — | — | — |
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: PDDL vs SPY
From Jul 15, 2025: PDDL grew to $4,128, SPY to $12,381.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PDDL returns by calendar year
2026 is year to date.
PDDL annual returns table
| Year | PDDL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −61.6% | −69.6% | +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.
PDDL largest drawdowns
Now 74.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 29, 2025 | −76.7% | Oct 2, 2026 | not yet | 11 months | 12 months so far |
| Oct 2, 2025 | −16.2% | Oct 10, 2025 | Oct 27, 2025 | 8 days | 25 days |
| Jul 23, 2025 | −14.5% | Aug 1, 2025 | Aug 21, 2025 | 9 days | 29 days |
| Aug 25, 2025 | −12.3% | Aug 29, 2025 | Sep 16, 2025 | 4 days | 22 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PDDL risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −58.9% |
| Volatility (annualized) | 61.8% |
| Sharpe ratio | -1.15 |
| Sortino ratio | -1.36 |
| Best month | +30.8% |
| Worst month | −31.4% |
| Best 12 months | −52.0% |
| Worst 12 months | −73.2% |
| Positive months | 36% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PDDL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 4 | −73.6% | −67.6% | −52.0% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
PDDL performance overview
GraniteShares 2x Long PDD Daily ETF (PDDL) returned −73.1% over the past year, with distributions reinvested. Since its first recorded price on Jul 15, 2025 it has returned −58.7%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −76.7%, from Oct 29, 2025 to Oct 2, 2026; the fund has not yet regained that high. Volatility has been 61.8% a year.
Related: PDDL chart, PDDL dividends. See the PDDL overview for the latest quote and fund facts.
PDDL performance FAQ
What is the PDDL return over the past year?
PDDL returned −73.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 73.2%.
How much would $10,000 invested in PDDL be worth?
$10,000 invested in PDDL at its first recorded close on July 15, 2025 would be worth about $4,128 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of PDDL?
The largest peak-to-trough decline was −76.7% between October 29, 2025 and October 2, 2026. It has not yet recovered to that high; it is 74.9% below its peak.
How volatile is PDDL?
Over the past history PDDL had an annualized volatility of 61.8% and a Sharpe ratio of -1.15 (excess return over 1–3 month T-bills per unit of risk).