{
 "ticker": "CDNG",
 "name": "Leverage Shares 2X Long CDNS Daily ETF",
 "issuer": "Leverage Shares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/CDNG",
 "html": "https://etfiq.com/funds/CDNG",
 "markdown": "https://etfiq.com/funds/CDNG.md",
 "as_of": "2026-09-11",
 "verdict": "One month to Sep 11, 2026: CDNG returned \u221221.6% where its own daily promise gave \u221221.0%, 0.6 points short.",
 "key_facts": [
  {
   "key": "what_cdns_did",
   "label": "What CDNS did",
   "value": "\u221210.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CDNG, what CDNS did: \u221210.4%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "\u221221.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CDNG, what +2 times a day gives: \u221221.0%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221221.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CDNG, what the fund returned: \u221221.6%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22120.6 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CDNG, the fund itself cost: \u22120.6 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$337,050",
   "source": "issuer page, as of Sep 10, 2026",
   "as_of": "2026-09-11",
   "sentence": "CDNG, net assets: $337,050 (issuer page, as of Sep 10, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, May 6, 2026",
   "as_of": "2026-09-11",
   "sentence": "CDNG, expense ratio: 0.75% (485BPOS XBRL, May 6, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of CDNS, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+2.07 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "CDNS",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$337,050",
   "source": "issuer page, as of Sep 10, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, May 6, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jun 23, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "41% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221221.6%",
   "CDNS": "\u221210.4%",
   "+2x the move": "\u221220.9%",
   "Difference": "\u22120.8 pts",
   "CDNS moved about": "41%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221245.7%",
   "CDNS": "\u221223.7%",
   "+2x the move": "\u221247.3%",
   "Difference": "+1.6 pts",
   "CDNS moved about": "39%"
  }
 ],
 "questions": [
  {
   "q": "Did CDNG return +2 times CDNS?",
   "a": "Over the window to Sep 11, 2026, CDNS moved \u221210.4% and CDNG returned \u221221.6%. 2 times that move is \u221220.9%, so the fund came out 0.8 points short of it."
  },
  {
   "q": "Why does CDNG not return +2 times over a year?",
   "a": "Because it resets daily. CDNG 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."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}