# NEMG (Leverage Shares 2X Long NEM Daily ETF)

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

Three months to Sep 11, 2026: NEMG returned +49.2% where its own daily promise gave +53.0%, 3.7 points short.

## Key facts

- NEMG, what NEM did: +26.8%, as of Sep 11, 2026.
- NEMG, what +2 times a day gives: +53.0%, as of Sep 11, 2026.
- NEMG, what the fund returned: +49.2%, as of Sep 11, 2026.
- NEMG, the fund itself cost: −3.7 pts, as of Sep 11, 2026.
- NEMG, net assets: $1m (issuer page, as of Sep 10, 2026).
- NEMG, expense ratio: 0.75% (485BPOS XBRL, Aug 1, 2025).

## NEMG over each window to Sep 11, 2026

| Window | Fund | NEM | +2x the move | Difference | NEM moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +13.4% | +7.8% | +15.7% | −2.2 pts | 46% |
| 3 months | +49.2% | +26.8% | +53.5% | −4.3 pts | 45% |
| 6 months | +13.4% | +16.2% | +32.5% | −19.1 pts | 49% |
| Since launch | +60.4% | +47.0% | +94.0% | −33.5 pts | 50% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of NEM, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.84 times, against +2 stated | ETFIQ |
| Underlying | NEM | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $1m | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Aug 1, 2025 |
| Launched | Nov 17, 2025 | ETFIQ |
| Underlying volatility over the window | 45% annualized | ETFIQ |

## Questions

### Did NEMG return +2 times NEM?

Over the window to Sep 11, 2026, NEM moved +26.8% and NEMG returned +49.2%. 2 times that move is +53.5%, so the fund came out 4.3 points short of it.

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

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

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