# FCXG (Leverage Shares 2X Long FCX Daily ETF)

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

Three months to Sep 11, 2026: FCXG returned −0.4% where its own daily promise gave +2.2%, 2.6 points short.

## Key facts

- FCXG, what FCX did: +4.0%, as of Sep 11, 2026.
- FCXG, what +2 times a day gives: +2.2%, as of Sep 11, 2026.
- FCXG, what the fund returned: −0.4%, as of Sep 11, 2026.
- FCXG, the fund itself cost: −2.6 pts, as of Sep 11, 2026.
- FCXG, net assets: $4m (issuer page, as of Sep 10, 2026).
- FCXG, expense ratio: 0.75% (485BPOS XBRL, Jan 9, 2026).

## FCXG over each window to Sep 11, 2026

| Window | Fund | FCX | +2x the move | Difference | FCX moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +2.0% | +2.7% | +5.3% | −3.3 pts | 53% |
| 3 months | −0.4% | +4.0% | +8.0% | −8.5 pts | 48% |
| 6 months | +30.2% | +26.5% | +53.0% | −22.8 pts | 54% |
| Since launch | +2.6% | +14.0% | +27.9% | −25.3 pts | 53% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of FCX, reset daily | ETFIQ |
| Multiple a holder actually got over the window | FCX moved +4.0% over this window, too little to read a multiple from | ETFIQ |
| Underlying | FCX | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $4m | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Jan 9, 2026 |
| Launched | Feb 19, 2026 | ETFIQ |
| Underlying volatility over the window | 48% annualized | ETFIQ |

## Questions

### Did FCXG return +2 times FCX?

Over the window to Sep 11, 2026, FCX moved +4.0% and FCXG returned −0.4%. 2 times that move is +8.0%, so the fund came out 8.5 points short of it.

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

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

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