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GraniteShares ETF Trust - GraniteShares 2x Long Tilray Daily ETF(AAPB)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for AAPB
09/25/2026: AAPB (2-star) has a low Upturn Star Rating. Not recommended to BUY.
GraniteShares 2x Long Tilray Daily ETF (AAPB) is a leveraged product designed to provide twice the daily return of Tilray Brands stock. Its main strength lies in offering tactical traders a simplified way to amplify returns on a specific cannabis stock without utilizing margin. It is intended strictly for short-term speculative use, as the effects of daily rebalancing typically cause significant value erosion over time. Investors must be prepared for extreme volatility and the risk of loss inherent in concentrated single-stock leveraged positions. It is best suited for experienced traders who actively monitor sector-specific catalysts.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | This is a tactical trading instrument, not a vehicle for long-term growth investing. |
| Momentum investor | Strong fit while signal remains positive | Momentum traders may use this to amplify returns during strong upward price trends in Tilray stock. |
| Value investor | Weak fit | Leveraged products are structurally unsuitable for value investors seeking long-term fundamental stock exposure. |
| Dividend/Income investor | Weak fit | This fund does not provide consistent income and carries high risk of principal erosion. |
| Low-risk investor | Weak fit | The extreme volatility and compounding risk are fundamentally opposed to low-risk investment objectives. |
Investor Profile
Ideal Investor Profile
The ideal investor is a sophisticated, high-risk-tolerance trader who manages positions on a daily basis.
Suitability
This ETF is designed for short-term tactical trading and is unsuitable for long-term buy-and-hold strategies.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Leverage magnifies daily price swings, leading to rapid potential gains or significant losses. |
| Market risk | High | The fund's performance is tied entirely to the performance of a single company, increasing sensitivity to idiosyncratic news. |
| Concentration | High | Extreme focus on one underlying asset creates substantial risk if that asset declines significantly. |
| Tracking/expense | Medium / high | Daily rebalancing and leverage costs result in significant performance decay over time, known as volatility drag. |
| Liquidity | Medium | Thinly traded periods can lead to wider spreads and difficulty executing large orders near the fair market price. |
| Business/sector quality | High | The cannabis industry is subject to high regulatory uncertainty and operational hurdles that affect stock prices. |
Risk Analysis
Volatility
AAPB exhibits extreme historical volatility, amplified by its 2x daily leverage objective.
Market Risk
The fund is highly sensitive to news affecting Tilray Brands, making it susceptible to rapid price drops if the company fails to meet expectations or faces regulatory issues.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Single stock | Tilray Brands, Inc. (TLRY) — seeks 2x daily return | 95 | The fund derives its value from the daily price movements of Tilray Brands, multiplied by a factor of two. |
| Cash/collateral | Cash and Cash Equivalents | 5 | This portion of the portfolio serves as collateral to support the derivative contracts used to achieve the fund's leverage. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type ETF | Historic Profit 35.49% | Avg. Invested days 30 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 09/25/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Sep 26, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $18.24M |
| Issuer | Graniteshares |
| Expense Ratio | 1.15% |
| Distribution Yield | 0% |
| Inception | Aug 8, 2022 |
Performance
| Period | Total Return |
|---|---|
| YTD | +41.99% |
| 1 Year | +55.40% |
| 3 Year | +32.74% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 46.48% |
| 3Y Volatility | 44.06% |
| 3Y Sharpe Ratio | 0.55 |
Top Sectors
| Sector | Weight |
|---|---|
| Basic Materials | 0.00% |
| Consumer Cyclicals | 0.00% |
| Financial Services | 0.00% |
| Real Estate | 0.00% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Holdings Turnover | 0.0% |
| Distribution Yield | 0% |
Top Holdings
| Holding | Weight |
|---|---|
| Apple | 66.33% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
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