# CDNG (Leverage Shares 2X Long CDNS Daily ETF)

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

One month to Sep 11, 2026: CDNG returned −21.6% where its own daily promise gave −21.0%, 0.6 points short.

## Key facts

- CDNG, what CDNS did: −10.4%, as of Sep 11, 2026.
- CDNG, what +2 times a day gives: −21.0%, as of Sep 11, 2026.
- CDNG, what the fund returned: −21.6%, as of Sep 11, 2026.
- CDNG, the fund itself cost: −0.6 pts, as of Sep 11, 2026.
- CDNG, net assets: $337,050 (issuer page, as of Sep 10, 2026).
- CDNG, expense ratio: 0.75% (485BPOS XBRL, May 6, 2026).

## CDNG over each window to Sep 11, 2026

| Window | Fund | CDNS | +2x the move | Difference | CDNS moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −21.6% | −10.4% | −20.9% | −0.8 pts | 41% |
| Since launch | −45.7% | −23.7% | −47.3% | +1.6 pts | 39% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of CDNS, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.07 times, against +2 stated | ETFIQ |
| Underlying | CDNS | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $337,050 | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, May 6, 2026 |
| Launched | Jun 23, 2026 | ETFIQ |
| Underlying volatility over the window | 41% annualized | ETFIQ |

## Questions

### Did CDNG return +2 times CDNS?

Over the window to Sep 11, 2026, CDNS moved −10.4% and CDNG returned −21.6%. 2 times that move is −20.9%, so the fund came out 0.8 points short of it.

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

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.


## Cite this page

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

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