{
 "ticker": "BEG",
 "name": "Leverage Shares 2X Long BE Daily ETF",
 "issuer": "Leverage Shares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/BEG",
 "html": "https://etfiq.com/funds/BEG",
 "markdown": "https://etfiq.com/funds/BEG.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: BEG returned \u221224.6% where its own daily promise gave \u221220.7%, 3.8 points short.",
 "key_facts": [
  {
   "key": "what_be_did",
   "label": "What BE did",
   "value": "+6.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "BEG, what BE did: +6.0%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "\u221220.7%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "BEG, what +2 times a day gives: \u221220.7%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221224.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "BEG, what the fund returned: \u221224.6%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22123.8 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "BEG, the fund itself cost: \u22123.8 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$50m",
   "source": "issuer page, as of Sep 10, 2026",
   "as_of": "2026-09-11",
   "sentence": "BEG, net assets: $50m (issuer page, as of Sep 10, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, Dec 11, 2025",
   "as_of": "2026-09-11",
   "sentence": "BEG, expense ratio: 0.75% (485BPOS XBRL, Dec 11, 2025)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of BE, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "-4.11 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "BE",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$50m",
   "source": "issuer page, as of Sep 10, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, Dec 11, 2025"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Dec 16, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "119% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+27.6%",
   "BE": "+16.3%",
   "+2x the move": "+32.5%",
   "Difference": "\u22125.0 pts",
   "BE moved about": "74%"
  },
  {
   "window": "3 months",
   "Fund": "\u221224.6%",
   "BE": "+6.0%",
   "+2x the move": "+11.9%",
   "Difference": "\u221236.5 pts",
   "BE moved about": "119%"
  },
  {
   "window": "6 months",
   "Fund": "+56.8%",
   "BE": "+78.5%",
   "+2x the move": "+156.9%",
   "Difference": "\u2212100.1 pts",
   "BE moved about": "116%"
  },
  {
   "window": "Since launch",
   "Fund": "+264.8%",
   "BE": "+214.8%",
   "+2x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "BE moved about": "112%"
  }
 ],
 "questions": [
  {
   "q": "Did BEG return +2 times BE?",
   "a": "Over the window to Sep 11, 2026, BE moved +6.0% and BEG returned \u221224.6%. 2 times that move is +11.9%, so the fund came out 36.5 points short of it."
  },
  {
   "q": "Why does BEG not return +2 times over a year?",
   "a": "Because it resets daily. BEG 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."
  },
  {
   "q": "Which +2x BE ETF tracked its stated multiple most closely?",
   "a": "3 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}