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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)
Advisory Performance History (Simulated)
Upturn Advisory & Investor View for AAPB
10/23/2026: AAPB (2-star) has a low Upturn Star Rating. Not recommended to BUY.
GraniteShares 2x Long Tilray Daily ETF (AAPB) is a leveraged product that seeks 200% of the daily performance of Tilray Brands, Inc. stock. Its primary strength lies in its ability to provide amplified intraday exposure to a volatile sector leader without the need for margin. The fund is designed specifically for tactical, short-term trading rather than long-term investment, as the mechanics of daily leverage cause significant performance decay over time. Key risks include intense single-stock sensitivity, regulatory volatility in the cannabis sector, and the eroding effect of management costs and compounding. It is best suited for experienced traders monitoring short-term price signals in the cannabis industry.
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 fund is designed for short-term tactical trading rather than 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. |
| Value investor | Weak fit | Value investors typically seek long-term fundamentals which are not the focus of this leveraged, high-risk product. |
| Dividend/Income investor | Weak fit | The fund focuses on price appreciation through leverage and does not provide consistent income. |
| Low-risk investor | Weak fit | The 2x daily leverage and exposure to a volatile single stock make this unsuitable for low-risk portfolios. |
Investor Profile
Ideal Investor Profile
The ideal investor is an active, sophisticated trader with a high risk tolerance and a short-term time horizon.
Suitability
This fund is strictly for active traders who understand the risks of daily rebalancing and leverage; it is not suitable for long-term buy-and-hold investors.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | The 2x leverage multiplier significantly amplifies daily price swings, increasing the potential for rapid loss. |
| Market risk | High | The fund is entirely dependent on the performance of a single company, exposing investors to company-specific risks. |
| Concentration | High | Having exposure to only one stock means the portfolio lacks the diversification benefits of broader funds. |
| Tracking/expense | Medium / high | Daily rebalancing and derivative costs lead to performance decay over time, diverging from simple returns. |
| Liquidity | Medium | Liquidity can tighten during periods of extreme market stress or low interest in the underlying security. |
| Business/sector quality | High | The cannabis sector is subject to intense regulatory and legal uncertainty, which impacts the underlying stock's value. |
Risk Analysis
Volatility
AAPB exhibits extreme volatility due to its 2x leverage multiplier linked to a naturally volatile cannabis stock.
Market Risk
The fund is subject to significant idiosyncratic risk, as its performance is tied exclusively to the business success and stock price of Tilray Brands.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Single stock | Tilray Brands, Inc. (TLRY) — seeks 2x daily return | 100 | The fund's primary value is derived from the daily price movement of Tilray stock amplified by a 200% leverage factor. |
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 39.87% | Avg. Invested days 32 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating ![]() | Upturn Advisory Performance | ETF Returns Performance |

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