{
 "ticker": "NBIG",
 "name": "Leverage Shares 2X Long NBIS Daily ETF",
 "issuer": "Leverage Shares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/NBIG",
 "html": "https://etfiq.com/funds/NBIG",
 "markdown": "https://etfiq.com/funds/NBIG.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: NBIG returned \u221242.3% where its own daily promise gave \u221239.5%, 2.8 points short.",
 "key_facts": [
  {
   "key": "what_nbis_did",
   "label": "What NBIS did",
   "value": "\u22123.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "NBIG, what NBIS did: \u22123.4%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "\u221239.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "NBIG, what +2 times a day gives: \u221239.5%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221242.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "NBIG, what the fund returned: \u221242.3%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.8 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "NBIG, the fund itself cost: \u22122.8 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$98m",
   "source": "issuer page, as of Sep 10, 2026",
   "as_of": "2026-09-11",
   "sentence": "NBIG, net assets: $98m (issuer page, as of Sep 10, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.76%",
   "source": "485BPOS XBRL, Feb 27, 2026",
   "as_of": "2026-09-11",
   "sentence": "NBIG, expense ratio: 0.76% (485BPOS XBRL, Feb 27, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of NBIS, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "NBIS moved \u22123.4% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "NBIS",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$98m",
   "source": "issuer page, as of Sep 10, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.76%",
   "source": "485BPOS XBRL, Feb 27, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Oct 27, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "140% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221229.6%",
   "NBIS": "\u221213.4%",
   "+2x the move": "\u221226.7%",
   "Difference": "\u22122.8 pts",
   "NBIS moved about": "77%"
  },
  {
   "window": "3 months",
   "Fund": "\u221242.3%",
   "NBIS": "\u22123.4%",
   "+2x the move": "\u22126.7%",
   "Difference": "\u221235.6 pts",
   "NBIS moved about": "140%"
  },
  {
   "window": "6 months",
   "Fund": "+82.0%",
   "NBIS": "+98.8%",
   "+2x the move": "+197.6%",
   "Difference": "\u2212115.6 pts",
   "NBIS moved about": "124%"
  },
  {
   "window": "Since launch",
   "Fund": "\u22121.2%",
   "NBIS": "+79.0%",
   "+2x the move": "+158.0%",
   "Difference": "\u2212159.2 pts",
   "NBIS moved about": "113%"
  }
 ],
 "questions": [
  {
   "q": "Did NBIG return +2 times NBIS?",
   "a": "Over the window to Sep 11, 2026, NBIS moved \u22123.4% and NBIG returned \u221242.3%. 2 times that move is \u22126.7%, so the fund came out 35.6 points short of it."
  },
  {
   "q": "Why does NBIG not return +2 times over a year?",
   "a": "Because it resets daily. NBIG 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."
  },
  {
   "q": "Which +2x NBIS ETF tracked its stated multiple most closely?",
   "a": "4 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}