# AALG (Leverage Shares 2X Long AAL Daily ETF)

Leverage Shares · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: AALG returned −30.6% where its own daily promise gave −28.4%, 2.2 points short.

## Key facts

- AALG, what AAL did: −13.2%, as of Sep 11, 2026.
- AALG, what +2 times a day gives: −28.4%, as of Sep 11, 2026.
- AALG, what the fund returned: −30.6%, as of Sep 11, 2026.
- AALG, the fund itself cost: −2.2 pts, as of Sep 11, 2026.
- AALG, net assets: $3m (issuer page, as of Sep 10, 2026).
- AALG, expense ratio: 0.78% (485BPOS XBRL, Feb 27, 2026).

## AALG over each window to Sep 11, 2026

| Window | Fund | AAL | +2x the move | Difference | AAL moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −25.6% | −12.9% | −25.7% | +0.1 pts | 26% |
| 3 months | −30.6% | −13.2% | −26.3% | −4.3 pts | 46% |
| 6 months | +33.9% | +26.3% | +52.6% | −18.8 pts | 49% |
| 1 year | −28.2% | +0.5% | +0.9% | −29.1 pts | 47% |
| Since launch | −24.5% | +6.5% | +12.9% | −37.4 pts | 48% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of AAL, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.33 times, against +2 stated | ETFIQ |
| Underlying | AAL | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $3m | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.78% | 485BPOS XBRL, Feb 27, 2026 |
| Launched | Jul 11, 2025 | ETFIQ |
| Underlying volatility over the window | 46% annualized | ETFIQ |

## Questions

### Did AALG return +2 times AAL?

Over the window to Sep 11, 2026, AAL moved −13.2% and AALG returned −30.6%. 2 times that move is −26.3%, so the fund came out 4.3 points short of it.

### Why does AALG not return +2 times over a year?

Because it resets daily. AALG aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, AALG, data as of Sep 11, 2026. https://etfiq.com/funds/AALG
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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