GraniteShares 2x Long RIVN Daily ETF (RVNL) Performance
RVNL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −77.1% since Dec 31, 2025
- 1 year
- −55.6% total return
- Since first price
- −50.2% since 2025
RVNL trailing returns vs SPY, QQQ, AGG
| Period | RVNL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −39.6% | −39.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −52.9% | −52.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −63.6% | −63.6% | +7.8% | +8.4% | −1.5% |
| YTD | −77.1% | −77.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −55.6% | −55.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionApr 22, 2025 | −50.2% | −50.2% | — | — | — |
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: RVNL vs SPY
From Apr 22, 2025: RVNL grew to $4,983, SPY to $14,653.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
RVNL returns by calendar year
2026 is year to date.
RVNL annual returns table
| Year | RVNL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −77.1% | −77.8% | +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.
RVNL largest drawdowns
Now 82.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 19, 2025 | −82.5% | Oct 23, 2026 | not yet | 10 months | 10 months so far |
| May 20, 2025 | −55.3% | Aug 6, 2025 | Dec 18, 2025 | 3 months | 7 months |
| May 2, 2025 | −16.1% | May 7, 2025 | May 9, 2025 | 5 days | 7 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
RVNL risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −32.9% |
| Volatility (annualized) | 74.2% |
| Sharpe ratio | -0.20 |
| Sortino ratio | -0.28 |
| Best month | +42.2% |
| Worst month | −45.4% |
| Best 12 months | −6.9% |
| Worst 12 months | −43.7% |
| Positive months | 47% |
| 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.
RVNL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 7 | −58.2% | −24.5% | −6.9% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
RVNL performance overview
GraniteShares 2x Long RIVN Daily ETF (RVNL) returned −55.6% over the past year, with distributions reinvested. Since its first recorded price on Apr 22, 2025 it has returned −50.2%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −82.5%, from Dec 19, 2025 to Oct 23, 2026; the fund has not yet regained that high. Volatility has been 74.2% a year.
Related: RVNL chart. See the RVNL overview for the latest quote and fund facts.
RVNL performance FAQ
What is the RVNL return over the past year?
RVNL returned −55.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 55.6%.
How much would $10,000 invested in RVNL be worth?
$10,000 invested in RVNL at its first recorded close on April 22, 2025 would be worth about $4,983 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of RVNL?
The largest peak-to-trough decline was −82.5% between December 19, 2025 and October 23, 2026. It has not yet recovered to that high; it is 82.5% below its peak.
How volatile is RVNL?
Over the past history RVNL had an annualized volatility of 74.2% and a Sharpe ratio of -0.20 (excess return over 1–3 month T-bills per unit of risk).