# HONG (Leverage Shares 2X Long HON Daily ETF)

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

Three months to Sep 11, 2026: HONG returned −22.6% where its own daily promise gave −24.7%, 2.2 points over.

## Key facts

- HONG, what HON did: −12.2%, as of Sep 11, 2026.
- HONG, what +2 times a day gives: −24.7%, as of Sep 11, 2026.
- HONG, what the fund returned: −22.6%, as of Sep 11, 2026.
- HONG, the fund itself added: +2.2 pts, as of Sep 11, 2026.
- HONG, net assets: $461,200 (issuer page, as of Sep 10, 2026).
- HONG, expense ratio: 0.75% (485BPOS XBRL, May 6, 2026).

## HONG over each window to Sep 11, 2026

| Window | Fund | HON | +2x the move | Difference | HON moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −26.9% | −13.8% | −27.5% | +0.6 pts | 18% |
| 3 months | −22.6% | −12.2% | −24.3% | +1.8 pts | 31% |
| Since launch | −22.8% | −10.9% | −21.9% | −0.8 pts | 33% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of HON, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.86 times, against +2 stated | ETFIQ |
| Underlying | HON | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $461,200 | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, May 6, 2026 |
| Launched | May 12, 2026 | ETFIQ |
| Underlying volatility over the window | 31% annualized | ETFIQ |

## Questions

### Did HONG return +2 times HON?

Over the window to Sep 11, 2026, HON moved −12.2% and HONG returned −22.6%. 2 times that move is −24.3%, so the fund came out 1.8 points ahead of it.

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

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

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