# HPEL (Leverage Shares 2X Long HPE Daily ETF)

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

One month to Sep 11, 2026: HPEL returned +5.8% where its own daily promise gave +7.4%, 1.6 points short.

## Key facts

- HPEL, what HPE did: +5.6%, as of Sep 11, 2026.
- HPEL, what +2 times a day gives: +7.4%, as of Sep 11, 2026.
- HPEL, what the fund returned: +5.8%, as of Sep 11, 2026.
- HPEL, the fund itself cost: −1.6 pts, as of Sep 11, 2026.
- HPEL, net assets: $7m (issuer page, as of Sep 10, 2026).
- HPEL, expense ratio: 0.99% (485BPOS XBRL, Jun 9, 2026).

## HPEL over each window to Sep 11, 2026

| Window | Fund | HPE | +2x the move | Difference | HPE moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +5.8% | +5.6% | +11.2% | −5.4 pts | 70% |
| Since launch | +41.2% | +26.9% | +53.8% | −12.7 pts | 66% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of HPE, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.03 times, against +2 stated | ETFIQ |
| Underlying | HPE | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $7m | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.99% | 485BPOS XBRL, Jun 9, 2026 |
| Launched | Jun 23, 2026 | ETFIQ |
| Underlying volatility over the window | 70% annualized | ETFIQ |

## Questions

### Did HPEL return +2 times HPE?

Over the window to Sep 11, 2026, HPE moved +5.6% and HPEL returned +5.8%. 2 times that move is +11.2%, so the fund came out 5.4 points short of it.

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

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

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