GraniteShares ETP : Top leveraged single stock ETPs earned returns of more than 1,800% in 2023

Going long on leveraged single stock ETPs earned investors returns of more than 1,800% in 2023, new data from GraniteShares ETP with more than   $ 1.7 billion under management, shows.

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Will Rhind, Founder and CEO at GraniteShares

• Top product, 3X NVIDIA (3LNV) returned an astonishing 1,824%
• Top UK stock, 3X Rolls Royce (3LRR) returned 1,298%
• Key themes were AI and Cryptocurrency

Key themes for 2023 were artificial intelligence and cryptocurrencies with companies such as NVIDIA and Coinbase faring particularly well. Despite the rally in US tech shares, US stocks didn’t have it all their own way with stellar performances from UK company Rolls Royce and Italian banking giant UniCredit creeping into the GraniteShares top 10.

GraniteShares FAANG basket ETPs also performed very strongly in 2023 with GraniteShares 3X FATANG (Meta, Apple, Tesla, Amazon, Netflix and Google-owner Alphabet) returning 377% making it the top performing basket ETP.

Graniteshares has 109 ETPs listed on the London Stock Exchange.  Of these, its best-performing 3x Long NVIDIA Daily ETP (3LNV) has returned 1,824% year to date ahead of its 3x Long MicroStrategy Daily ETP (3LMI) which has returned 1,401% with 20 in total of its ETPs returning 120% or higher.

The data shows out of 42 GraniteShares ETPs showing positive returns, just four were 3x Short ETPs – the best performer was its 3x Short Moderna Daily ETP Securities with returns of 31.32%. It was the 35^th strongest performer for GraniteShares.

Its thematic ETPs based on US tech stock baskets including FAANG – based on Facebook-owner Meta, Amazon, Apple, Netflix and Google owner Alphabet –  GAFAM – Google-owner Alphabet, Apple, Facebook owner Meta, Amazon and Microsoft – and FATANG – Facebook-owner Meta, Amazon, Tesla, Apple, Netflix and Google owner Alphabet – also saw strong returns.

The 3x Long FATANG Daily ETP achieved returns of 377.63% while 3x Long FAANG Daily ETP gained 373.05% and 3x Long GAFAM Daily ETP returned 351.79%.

Just 18 of the 69 GraniteShares ETPs seeing negative returns year to date were long ETPs with 3x Long Moderna Daily ETP Securities the worst at -93.35%. UK-listed stocks which saw negative returns for investors going short, included Shell, Glencore, Barclays and Lloyds Banking Group. Investors going long on Lloyds also saw negative returns.

 The table below shows the top leveraged ETPs ranked by returns year to date with Rolls-Royce and UniCredit the only non-US listed stocks in the top 10.

Will Rhind, Founder and CEO of GraniteShares, said: “The strong performance of US tech stocks and US markets in general was reflected in the hugely positive returns available in 2023 by going long on selected stocks and benefiting from fixed daily leverage.

“It’s not just the US tech giants however with Rolls-Royce and Italy’s UniCredit among the top 10 single stock performers highlighting the range of market opportunities for sophisticated investors.

“Shorting however was generally not a successful strategy in 2023 with just four of the 42 ETPs generating positive returns by shorting including PayPal, Moderna, AstraZeneca and Vodafone.”

Source: ETFWorld.co.uk