# PBRG (Leverage Shares 2X Long PBR Daily ETF)

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

Three months to Sep 11, 2026: PBRG returned +31.9% where its own daily promise gave +33.0%, 1.1 points short.

## Key facts

- PBRG, what PBR did: +17.1%, as of Sep 11, 2026.
- PBRG, what +2 times a day gives: +33.0%, as of Sep 11, 2026.
- PBRG, what the fund returned: +31.9%, as of Sep 11, 2026.
- PBRG, the fund itself cost: −1.1 pts, as of Sep 11, 2026.
- PBRG, net assets: $1m (issuer page, as of Sep 10, 2026).
- PBRG, expense ratio: 0.75% (485BPOS XBRL, Dec 9, 2025).

## PBRG over each window to Sep 11, 2026

| Window | Fund | PBR | +2x the move | Difference | PBR moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +45.3% | +21.1% | +42.3% | +3.0 pts | 34% |
| 3 months | +31.9% | +17.1% | +34.1% | −2.2 pts | 34% |
| 6 months | +26.2% | +17.5% | +34.9% | −8.7 pts | 35% |
| Since launch | +219.0% | +90.0% | +180.1% | +39.0 pts | 35% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of PBR, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.87 times, against +2 stated | ETFIQ |
| Underlying | PBR | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $1m | 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 | 34% annualized | ETFIQ |

## Questions

### Did PBRG return +2 times PBR?

Over the window to Sep 11, 2026, PBR moved +17.1% and PBRG returned +31.9%. 2 times that move is +34.1%, so the fund came out 2.2 points short of it.

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

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

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