# FOMG (Leverage Shares 2X Long FORM Daily ETF)

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

One month to Sep 11, 2026: FOMG returned −25.5% where its own daily promise gave −23.9%, 1.6 points short.

## Key facts

- FOMG, what FORM did: −10.7%, as of Sep 11, 2026.
- FOMG, what +2 times a day gives: −23.9%, as of Sep 11, 2026.
- FOMG, what the fund returned: −25.5%, as of Sep 11, 2026.
- FOMG, the fund itself cost: −1.6 pts, as of Sep 11, 2026.
- FOMG, net assets: $364,000 (issuer page, as of Sep 10, 2026).
- FOMG, expense ratio: 0.75% (485BPOS XBRL, May 6, 2026).

## FOMG over each window to Sep 11, 2026

| Window | Fund | FORM | +2x the move | Difference | FORM moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −25.5% | −10.7% | −21.5% | −4.1 pts | 71% |
| Since launch | −52.8% | −19.5% | −39.0% | −13.8 pts | 111% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of FORM, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.38 times, against +2 stated | ETFIQ |
| Underlying | FORM | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $364,000 | 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 | 71% annualized | ETFIQ |

## Questions

### Did FOMG return +2 times FORM?

Over the window to Sep 11, 2026, FORM moved −10.7% and FOMG returned −25.5%. 2 times that move is −21.5%, so the fund came out 4.1 points short of it.

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

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

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