{
 "ticker": "CRMG",
 "name": "Leverage Shares 2X Long CRM Daily ETF",
 "issuer": "Leverage Shares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/CRMG",
 "html": "https://etfiq.com/funds/CRMG",
 "markdown": "https://etfiq.com/funds/CRMG.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: CRMG returned +99.1% where its own daily promise gave +106.4%, 7.3 points short.",
 "key_facts": [
  {
   "key": "what_crm_did",
   "label": "What CRM did",
   "value": "+49.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CRMG, what CRM did: +49.3%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "+106.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CRMG, what +2 times a day gives: +106.4%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+99.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CRMG, what the fund returned: +99.1%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22127.3 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CRMG, the fund itself cost: \u22127.3 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$54m",
   "source": "issuer page, as of Sep 10, 2026",
   "as_of": "2026-09-11",
   "sentence": "CRMG, net assets: $54m (issuer page, as of Sep 10, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.78%",
   "source": "485BPOS XBRL, Feb 27, 2026",
   "as_of": "2026-09-11",
   "sentence": "CRMG, expense ratio: 0.78% (485BPOS XBRL, Feb 27, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of CRM, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+2.01 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "CRM",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$54m",
   "source": "issuer page, as of Sep 10, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.78%",
   "source": "485BPOS XBRL, Feb 27, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Apr 4, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "61% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+55.4%",
   "CRM": "+28.1%",
   "+2x the move": "+56.3%",
   "Difference": "\u22120.9 pts",
   "CRM moved about": "84%"
  },
  {
   "window": "3 months",
   "Fund": "+99.1%",
   "CRM": "+49.3%",
   "+2x the move": "+98.7%",
   "Difference": "+0.5 pts",
   "CRM moved about": "61%"
  },
  {
   "window": "6 months",
   "Fund": "+36.0%",
   "CRM": "+29.1%",
   "+2x the move": "+58.3%",
   "Difference": "\u221222.3 pts",
   "CRM moved about": "56%"
  },
  {
   "window": "1 year",
   "Fund": "\u221226.6%",
   "CRM": "+1.4%",
   "+2x the move": "+2.9%",
   "Difference": "\u221229.5 pts",
   "CRM moved about": "47%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221230.0%",
   "CRM": "+4.1%",
   "+2x the move": "+8.2%",
   "Difference": "\u221238.2 pts",
   "CRM moved about": "43%"
  }
 ],
 "questions": [
  {
   "q": "Did CRMG return +2 times CRM?",
   "a": "Over the window to Sep 11, 2026, CRM moved +49.3% and CRMG returned +99.1%. 2 times that move is +98.7%, so the fund came out 0.5 points ahead of it."
  },
  {
   "q": "Why does CRMG not return +2 times over a year?",
   "a": "Because it resets daily. CRMG 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)."
}