# FPSX (Leverage Shares 2X Long FPS Daily ETF)

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

One month to Sep 11, 2026: FPSX returned −34.2% where its own daily promise gave −33.1%, 1.1 points short.

## Key facts

- FPSX, what FPS did: −16.9%, as of Sep 11, 2026.
- FPSX, what +2 times a day gives: −33.1%, as of Sep 11, 2026.
- FPSX, what the fund returned: −34.2%, as of Sep 11, 2026.
- FPSX, the fund itself cost: −1.1 pts, as of Sep 11, 2026.
- FPSX, net assets: $2m (issuer page, as of Sep 10, 2026).
- FPSX, expense ratio: 0.75% (485BPOS XBRL, May 6, 2026).

## FPSX over each window to Sep 11, 2026

| Window | Fund | FPS | +2x the move | Difference | FPS moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −34.2% | −16.9% | −33.7% | −0.5 pts | 61% |
| Since launch | −76.6% | −46.3% | −92.7% | +16.1 pts | 77% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of FPS, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.03 times, against +2 stated | ETFIQ |
| Underlying | FPS | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $2m | 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 | 61% annualized | ETFIQ |

## Questions

### Did FPSX return +2 times FPS?

Over the window to Sep 11, 2026, FPS moved −16.9% and FPSX returned −34.2%. 2 times that move is −33.7%, so the fund came out 0.5 points short of it.

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

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

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