{
 "ticker": "GEVG",
 "name": "Leverage Shares 2X Long GEV Daily ETF",
 "issuer": "Leverage Shares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/GEVG",
 "html": "https://etfiq.com/funds/GEVG",
 "markdown": "https://etfiq.com/funds/GEVG.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: GEVG returned \u22126.8% where its own daily promise gave \u22124.2%, 2.6 points short.",
 "key_facts": [
  {
   "key": "what_gev_did",
   "label": "What GEV did",
   "value": "+1.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "GEVG, what GEV did: +1.8%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "\u22124.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "GEVG, what +2 times a day gives: \u22124.2%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u22126.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "GEVG, what the fund returned: \u22126.8%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.6 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "GEVG, the fund itself cost: \u22122.6 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$11m",
   "source": "issuer page, as of Sep 10, 2026",
   "as_of": "2026-09-11",
   "sentence": "GEVG, net assets: $11m (issuer page, as of Sep 10, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, Dec 11, 2025",
   "as_of": "2026-09-11",
   "sentence": "GEVG, expense ratio: 0.75% (485BPOS XBRL, Dec 11, 2025)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of GEV, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "GEV moved +1.8% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "GEV",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$11m",
   "source": "issuer page, as of Sep 10, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, Dec 11, 2025"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Dec 16, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "56% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221217.1%",
   "GEV": "\u22128.0%",
   "+2x the move": "\u221215.9%",
   "Difference": "\u22121.2 pts",
   "GEV moved about": "41%"
  },
  {
   "window": "3 months",
   "Fund": "\u22126.8%",
   "GEV": "+1.8%",
   "+2x the move": "+3.6%",
   "Difference": "\u221210.5 pts",
   "GEV moved about": "56%"
  },
  {
   "window": "6 months",
   "Fund": "+16.6%",
   "GEV": "+19.0%",
   "+2x the move": "+38.1%",
   "Difference": "\u221221.4 pts",
   "GEV moved about": "54%"
  },
  {
   "window": "Since launch",
   "Fund": "+47.7%",
   "GEV": "+39.8%",
   "+2x the move": "+79.5%",
   "Difference": "\u221231.8 pts",
   "GEV moved about": "51%"
  }
 ],
 "questions": [
  {
   "q": "Did GEVG return +2 times GEV?",
   "a": "Over the window to Sep 11, 2026, GEV moved +1.8% and GEVG returned \u22126.8%. 2 times that move is +3.6%, so the fund came out 10.5 points short of it."
  },
  {
   "q": "Why does GEVG not return +2 times over a year?",
   "a": "Because it resets daily. GEVG 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."
  },
  {
   "q": "Which +2x GEV ETF tracked its stated multiple most closely?",
   "a": "3 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}