# GRAG (Leverage Shares 2X Long GRAB Daily ETF)

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

Three months to Sep 11, 2026: GRAG returned −20.7% where its own daily promise gave −17.9%, 2.8 points short.

## Key facts

- GRAG, what GRAB did: −7.6%, as of Sep 11, 2026.
- GRAG, what +2 times a day gives: −17.9%, as of Sep 11, 2026.
- GRAG, what the fund returned: −20.7%, as of Sep 11, 2026.
- GRAG, the fund itself cost: −2.8 pts, as of Sep 11, 2026.
- GRAG, net assets: $2m (issuer page, as of Sep 10, 2026).
- GRAG, expense ratio: 0.75% (485BPOS XBRL, Dec 9, 2025).

## GRAG over each window to Sep 11, 2026

| Window | Fund | GRAB | +2x the move | Difference | GRAB moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −30.2% | −15.5% | −31.0% | +0.8 pts | 38% |
| 3 months | −20.7% | −7.6% | −15.2% | −5.5 pts | 40% |
| 6 months | −40.9% | −17.8% | −35.6% | −5.3 pts | 36% |
| Since launch | −71.5% | −41.1% | −82.2% | +10.7 pts | 36% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of GRAB, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.73 times, against +2 stated | ETFIQ |
| Underlying | GRAB | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $2m | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Dec 9, 2025 |
| Launched | Dec 11, 2025 | ETFIQ |
| Underlying volatility over the window | 40% annualized | ETFIQ |

## Questions

### Did GRAG return +2 times GRAB?

Over the window to Sep 11, 2026, GRAB moved −7.6% and GRAG returned −20.7%. 2 times that move is −15.2%, so the fund came out 5.5 points short of it.

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

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

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