# DUOG (Leverage Shares 2X Long DUOL Daily ETF)

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

Three months to Sep 11, 2026: DUOG returned +18.7% where its own daily promise gave +23.8%, 5.1 points short.

## Key facts

- DUOG, what DUOL did: +17.2%, as of Sep 11, 2026.
- DUOG, what +2 times a day gives: +23.8%, as of Sep 11, 2026.
- DUOG, what the fund returned: +18.7%, as of Sep 11, 2026.
- DUOG, the fund itself cost: −5.1 pts, as of Sep 11, 2026.
- DUOG, net assets: $4m (issuer page, as of Sep 10, 2026).
- DUOG, expense ratio: 0.75% (485BPOS XBRL, Dec 9, 2025).

## DUOG over each window to Sep 11, 2026

| Window | Fund | DUOL | +2x the move | Difference | DUOL moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +9.0% | +6.7% | +13.4% | −4.4 pts | 64% |
| 3 months | +18.7% | +17.2% | +34.3% | −15.6 pts | 64% |
| 6 months | +67.5% | +46.0% | +92.1% | −24.6 pts | 59% |
| Since launch | −65.3% | −28.5% | −57.0% | −8.3 pts | 60% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of DUOL, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.09 times, against +2 stated | ETFIQ |
| Underlying | DUOL | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $4m | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Dec 9, 2025 |
| Launched | Dec 11, 2025 | ETFIQ |
| Underlying volatility over the window | 64% annualized | ETFIQ |

## Questions

### Did DUOG return +2 times DUOL?

Over the window to Sep 11, 2026, DUOL moved +17.2% and DUOG returned +18.7%. 2 times that move is +34.3%, so the fund came out 15.6 points short of it.

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

Because it resets daily. DUOG 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, DUOG, data as of Sep 11, 2026. https://etfiq.com/funds/DUOG
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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