What Is the INTW ETF? A Complete Guide to Returns, Expense Ratio, Holdings and Alternative ETFs
A daily 2x leveraged ETF on Intel. Designed for experienced traders looking to maximize short-term gains during tech-stock rallies.
SubscribeWhat Is This ETF?
This is a leveraged ETF that tracks 2x exposure to the daily price movements of Intel (INTC). It uses synthetic replication to deliver high operating efficiency.
It suits investors seeking short-term gains during tech-stock rallies, as well as experienced traders who use portfolio hedging strategies.
Launched by GraniteShares in 2022, it is a passively managed (index-tracking) ETF.
How Does It Work?
| Item | Details |
|---|---|
| Tracked Asset | Intel (INTC) |
| Leverage Multiple | 2x (daily reset) |
| Management Style | Synthetic replication (derivative contracts) |
| Distribution Frequency | Once a year |
| Expense Ratio | 1.50% |
It tracks 2x the daily return of INTC. Derivative contracts allow it to provide leverage efficiently, which can maximize gains during tech-stock rallies.
- Concentrated leveraged exposure to Intel
- High tracking efficiency through synthetic replication
Size and Costs
Assets under management (AUM) stand at $324.1M, and the expense ratio is 1.50% per year.
Even among leveraged ETFs, it has a high degree of single-stock concentration, and its exposure to a single company, Intel, makes it more volatile than broad index leveraged products such as TQQQ, QLD, SOXL and SSO.
Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeIntel's weak earnings and intensifying competition in the AI chip market have kept short-term downward pressure in place, but the stock has the potential for a quick rebound if the semiconductor industry recovers.
Inflows from return-seeking capital tend to increase during tech-stock rallies. In weak markets, however, the leveraged structure can cause rapid losses, and outflows may be steep.
Strengths and Weaknesses
It is excellent for maximizing short-term gains in an Intel rally, but the daily reset and high expense ratio create a significant risk of capital erosion over long holding periods.
💪 Key Strengths
⚠️ Points to Watch
Alternative ETFs and Related Products
Compared with broad tech leveraged ETFs such as TQQQ and SOXL listed above, it is far more concentrated in Intel. Those seeking a more advanced strategy could consider trading Intel futures or options directly. To prepare for a weak Intel market, hedging products such as PSQ (Nasdaq inverse) are also worth reviewing.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 TQQQ | ProShares UltraPro QQQ 3x Shares | $69.26 | -4.3% | $37.2B | 0.78% | 0.7% | +14.8% |
 SOXL | Direxion Daily Semiconductor Bull 3X ETF | $102.39 | -4.6% | $26.3B | 0.75% | 0.09% | +107.3% |
 QLD | ProShares Ultra QQQ 2x Shares | $88.74 | -2.9% | $15.1B | 0.89% | 0.14% | +16.2% |
 SSO | ProShares Ultra S&P500 2x Shares | $70.23 | -0.8% | $8.8B | 0.84% | 0.68% | +18.4% |
 TECL | Direxion Daily Technology Bull 3X ETF | $203.18 | -3.4% | $7.5B | 0.87% | 0.26% | +41.4% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 BNO | United States Brent Oil Fund LP | 2.52% | $70.76 | +0.9% | $0.0M | - | - |
 USLM | United States Lime & Minerals Inc | 2.19% | $113.89 | +4.2% | $3.3B | 24.4 | 0.21% |
| WFC | Wells Fargo & Co | 0.57% | $84.81 | +1.4% | $254.6B | 11.9 | 2.24% |
Investor Checkpoints
Investing in INTW is an advanced strategy that goes beyond the basics. You should fully understand the daily reset leverage mechanism and time decay, and proceed with a clear plan.
| Checkpoint | What to Verify | Current Status |
|---|---|---|
| ⚡ Leverage Reset | Understand the time decay from the daily reset | Regular reassessment recommended |
| 💰 Expense Ratio | Cumulative impact of high operating costs | A burden over long holding periods |
| 🎯 Intel Risk | Changes in Intel's earnings and competitiveness | Prior research essential |
| 📊 Volatility | High daily volatility | Set loss limits |
In a weak Intel market, the leverage effect magnifies losses sharply. Because of the daily reset, volatility accumulates over long holding periods, raising the risk of capital erosion.
We strongly recommend using it only as a tool for maximizing short-term gains during tech-stock rallies. Avoid long-term holding altogether, and trade only under a clear stop-loss plan.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
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