# MPG (Leverage Shares 2X Long MP Daily ETF)

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

Three months to Sep 11, 2026: MPG returned −32.6% where its own daily promise gave −30.2%, 2.5 points short.

## Key facts

- MPG, what MP did: −12.2%, as of Sep 11, 2026.
- MPG, what +2 times a day gives: −30.2%, as of Sep 11, 2026.
- MPG, what the fund returned: −32.6%, as of Sep 11, 2026.
- MPG, the fund itself cost: −2.5 pts, as of Sep 11, 2026.
- MPG, net assets: $4m (issuer page, as of Sep 10, 2026).
- MPG, expense ratio: 0.76% (485BPOS XBRL, Feb 27, 2026).

## MPG over each window to Sep 11, 2026

| Window | Fund | MP | +2x the move | Difference | MP moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −16.0% | −6.7% | −13.3% | −2.7 pts | 56% |
| 3 months | −32.6% | −12.2% | −24.5% | −8.2 pts | 64% |
| 6 months | −43.0% | −11.7% | −23.4% | −19.5 pts | 71% |
| Since launch | −66.5% | −23.0% | −45.9% | −20.6 pts | 72% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of MP, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.67 times, against +2 stated | ETFIQ |
| Underlying | MP | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $4m | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.76% | 485BPOS XBRL, Feb 27, 2026 |
| Launched | Oct 27, 2025 | ETFIQ |
| Underlying volatility over the window | 64% annualized | ETFIQ |

## Questions

### Did MPG return +2 times MP?

Over the window to Sep 11, 2026, MP moved −12.2% and MPG returned −32.6%. 2 times that move is −24.5%, so the fund came out 8.2 points short of it.

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

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

HTML: https://etfiq.com/funds/MPG  ·  JSON: https://etfiq.com/funds/MPG.json