# GEMG (Leverage Shares 2X Long GEMI Daily ETF)

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

Three months to Sep 11, 2026: GEMG returned −28.4% where its own daily promise gave −24.1%, 4.3 points short.

## Key facts

- GEMG, what GEMI did: −5.1%, as of Sep 11, 2026.
- GEMG, what +2 times a day gives: −24.1%, as of Sep 11, 2026.
- GEMG, what the fund returned: −28.4%, as of Sep 11, 2026.
- GEMG, the fund itself cost: −4.3 pts, as of Sep 11, 2026.
- GEMG, net assets: $852,302 (issuer page, as of Sep 10, 2026).
- GEMG, expense ratio: 0.75% (485BPOS XBRL, Oct 31, 2025).

## GEMG over each window to Sep 11, 2026

| Window | Fund | GEMI | +2x the move | Difference | GEMI moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +3.0% | +7.0% | +13.9% | −10.9 pts | 100% |
| 3 months | −28.4% | −5.1% | −10.2% | −18.1 pts | 84% |
| 6 months | −80.3% | −42.5% | −85.0% | +4.6 pts | 89% |
| Since launch | −97.6% | −73.6% | −147.1% | +49.5 pts | 104% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of GEMI, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +5.55 times, against +2 stated | ETFIQ |
| Underlying | GEMI | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $852,302 | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Oct 31, 2025 |
| Launched | Nov 5, 2025 | ETFIQ |
| Underlying volatility over the window | 84% annualized | ETFIQ |

## Questions

### Did GEMG return +2 times GEMI?

Over the window to Sep 11, 2026, GEMI moved −5.1% and GEMG returned −28.4%. 2 times that move is −10.2%, so the fund came out 18.1 points short of it.

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

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.


## Cite this page

ETFIQ, GEMG, data as of Sep 11, 2026. https://etfiq.com/funds/GEMG
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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