# KLAG (Leverage Shares 2X Long KLAC Daily ETF)

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

Three months to Sep 11, 2026: KLAG returned −57.8% where its own daily promise gave −56.6%, 1.2 points short.

## Key facts

- KLAG, what KLAC did: −28.9%, as of Sep 11, 2026.
- KLAG, what +2 times a day gives: −56.6%, as of Sep 11, 2026.
- KLAG, what the fund returned: −57.8%, as of Sep 11, 2026.
- KLAG, the fund itself cost: −1.2 pts, as of Sep 11, 2026.
- KLAG, net assets: $13m (issuer page, as of Sep 10, 2026).
- KLAG, expense ratio: 0.75% (485BPOS XBRL, Dec 9, 2025).

## KLAG over each window to Sep 11, 2026

| Window | Fund | KLAC | +2x the move | Difference | KLAC moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −26.6% | −13.2% | −26.3% | −0.3 pts | 43% |
| 3 months | −57.8% | −28.9% | −57.9% | +0.1 pts | 76% |
| 6 months | +22.0% | +27.6% | +55.3% | −33.2 pts | 69% |
| Since launch | +45.7% | +48.3% | +96.7% | −51.0 pts | 66% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of KLAC, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2 times, against +2 stated | ETFIQ |
| Underlying | KLAC | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $13m | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Dec 9, 2025 |
| Launched | Dec 18, 2025 | ETFIQ |
| Underlying volatility over the window | 76% annualized | ETFIQ |

## Questions

### Did KLAG return +2 times KLAC?

Over the window to Sep 11, 2026, KLAC moved −28.9% and KLAG returned −57.8%. 2 times that move is −57.9%, so the fund came out 0.1 points ahead of it.

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

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

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