{
 "ticker": "GEMG",
 "name": "Leverage Shares 2X Long GEMI Daily ETF",
 "issuer": "Leverage Shares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/GEMG",
 "html": "https://etfiq.com/funds/GEMG",
 "markdown": "https://etfiq.com/funds/GEMG.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: GEMG returned \u221228.4% where its own daily promise gave \u221224.1%, 4.3 points short.",
 "key_facts": [
  {
   "key": "what_gemi_did",
   "label": "What GEMI did",
   "value": "\u22125.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "GEMG, what GEMI did: \u22125.1%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "\u221224.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "GEMG, what +2 times a day gives: \u221224.1%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221228.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "GEMG, what the fund returned: \u221228.4%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22124.3 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "GEMG, the fund itself cost: \u22124.3 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$852,302",
   "source": "issuer page, as of Sep 10, 2026",
   "as_of": "2026-09-11",
   "sentence": "GEMG, net assets: $852,302 (issuer page, as of Sep 10, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, Oct 31, 2025",
   "as_of": "2026-09-11",
   "sentence": "GEMG, expense ratio: 0.75% (485BPOS XBRL, Oct 31, 2025)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of GEMI, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+5.55 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "GEMI",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$852,302",
   "source": "issuer page, as of Sep 10, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, Oct 31, 2025"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Nov 5, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "84% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+3.0%",
   "GEMI": "+7.0%",
   "+2x the move": "+13.9%",
   "Difference": "\u221210.9 pts",
   "GEMI moved about": "100%"
  },
  {
   "window": "3 months",
   "Fund": "\u221228.4%",
   "GEMI": "\u22125.1%",
   "+2x the move": "\u221210.2%",
   "Difference": "\u221218.1 pts",
   "GEMI moved about": "84%"
  },
  {
   "window": "6 months",
   "Fund": "\u221280.3%",
   "GEMI": "\u221242.5%",
   "+2x the move": "\u221285.0%",
   "Difference": "+4.6 pts",
   "GEMI moved about": "89%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221297.6%",
   "GEMI": "\u221273.6%",
   "+2x the move": "\u2212147.1%",
   "Difference": "+49.5 pts",
   "GEMI moved about": "104%"
  }
 ],
 "questions": [
  {
   "q": "Did GEMG return +2 times GEMI?",
   "a": "Over the window to Sep 11, 2026, GEMI moved \u22125.1% and GEMG returned \u221228.4%. 2 times that move is \u221210.2%, so the fund came out 18.1 points short of it."
  },
  {
   "q": "Why does GEMG not return +2 times over a year?",
   "a": "Because it resets daily. GEMG 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)."
}