# NUG (Leverage Shares 2X Long NU Daily ETF)

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

Three months to Sep 11, 2026: NUG returned +34.8% where its own daily promise gave +38.6%, 3.8 points short.

## Key facts

- NUG, what NU did: +19.9%, as of Sep 11, 2026.
- NUG, what +2 times a day gives: +38.6%, as of Sep 11, 2026.
- NUG, what the fund returned: +34.8%, as of Sep 11, 2026.
- NUG, the fund itself cost: −3.8 pts, as of Sep 11, 2026.
- NUG, net assets: $1m (issuer page, as of Sep 10, 2026).
- NUG, expense ratio: 0.75% (485BPOS XBRL, Oct 31, 2025).

## NUG over each window to Sep 11, 2026

| Window | Fund | NU | +2x the move | Difference | NU moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +12.6% | +7.8% | +15.6% | −3.1 pts | 51% |
| 3 months | +34.8% | +19.9% | +39.9% | −5.1 pts | 40% |
| 6 months | −4.1% | +5.3% | +10.5% | −14.7 pts | 40% |
| Since launch | −31.0% | −6.3% | −12.6% | −18.5 pts | 40% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of NU, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.74 times, against +2 stated | ETFIQ |
| Underlying | NU | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $1m | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Oct 31, 2025 |
| Launched | Nov 17, 2025 | ETFIQ |
| Underlying volatility over the window | 40% annualized | ETFIQ |

## Questions

### Did NUG return +2 times NU?

Over the window to Sep 11, 2026, NU moved +19.9% and NUG returned +34.8%. 2 times that move is +39.9%, so the fund came out 5.1 points short of it.

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

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

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