GraniteShares 3x Long MIB Daily ETF (3MIB.MI) Price
GraniteShares 3x Long MIB Daily ETF Price
Underlying
GraniteShares 3x Long MIB Daily ETF provides 3X daily exposure to MIB.
Leverage & Compounding Risk
This ETF rebalances daily to achieve its 3X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 3X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.
GraniteShares 3x Long MIB Daily ETF List of Holdings
Frequently asked questions about GraniteShares 3x Long MIB Daily ETF
GraniteShares 3x Long MIB Daily ETF is offered by GraniteShares, a leading player in the field of passive investments.
The ISIN of GraniteShares 3x Long MIB Daily ETF is XS2531766363.
GraniteShares 3x Long MIB Daily ETF aims to deliver 3 times the daily return of MIB (long). The leverage resets each trading day, so multi-day returns can differ materially from 3X the underlying's cumulative return.
Volatility decay (also called compounding drag) occurs because GraniteShares 3x Long MIB Daily ETF rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 3X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.
Leveraged ETFs like GraniteShares 3x Long MIB Daily ETF are designed for short-term, tactical trading — typically intraday or a few days. Holding them for weeks or months exposes investors to compounding risk and potential tracking deviation. Most issuers explicitly recommend against long-term holding.
GraniteShares 3x Long MIB Daily ETF provides 3X daily long exposure to MIB. When MIB moves +1% in a day, GraniteShares 3x Long MIB Daily ETF targets approximately 3% (before fees).
The total expense ratio of GraniteShares 3x Long MIB Daily ETF is 0.99%, which means that investors pay 99.00 EUR per 10,000 EUR in investment capital annually.
The ETF is listed in EUR.
European investors may incur additional costs for currency exchange and transaction fees.
No, GraniteShares 3x Long MIB Daily ETF does not comply with the EU UCITS investor protection directives.
GraniteShares 3x Long MIB Daily ETF tracks the performance of the FTSE MIB.
GraniteShares 3x Long MIB Daily ETF is domiciled in IT.
The fund was launched on 6/9/2023.
The GraniteShares 3x Long MIB Daily ETF mainly invests in Total Market companies.
The NAV of GraniteShares 3x Long MIB Daily ETF amounts to 38.92 M EUR.
Investments can be made through brokers or financial institutions that provide access to trading ETFs.
The ETF is traded on the stock exchange, similar to stocks.
Yes, the ETF can be held in a regular securities account.
The ETF is suitable for both short-term and long-term investment strategies, depending on the investor's goals.
The ETF is valued on a daily stock exchange basis.
Information on dividends should be requested from the provider's website or your broker.
The risks include market fluctuations, currency risks, and the risk associated with smaller companies.
The ETF is obligated to report regularly and transparently on its investments.
The performance can be viewed on Eulerpool or directly on the provider's website.
Further information can be found on the official website of the provider.
ETF profile
GraniteShares 3x Long MIB Daily ETF