# PLUL (Leverage Shares 2X Long PLUG Daily ETF)

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

Three months to Sep 11, 2026: PLUL returned −49.2% where its own daily promise gave −46.5%, 2.7 points short.

## Key facts

- PLUL, what PLUG did: −23.9%, as of Sep 11, 2026.
- PLUL, what +2 times a day gives: −46.5%, as of Sep 11, 2026.
- PLUL, what the fund returned: −49.2%, as of Sep 11, 2026.
- PLUL, the fund itself cost: −2.7 pts, as of Sep 11, 2026.
- PLUL, net assets: $4m (issuer page, as of Sep 10, 2026).
- PLUL, expense ratio: 0.75% (485BPOS XBRL, Jan 9, 2026).

## PLUL over each window to Sep 11, 2026

| Window | Fund | PLUG | +2x the move | Difference | PLUG moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −19.2% | −8.3% | −16.6% | −2.6 pts | 51% |
| 3 months | −49.2% | −23.9% | −47.8% | −1.4 pts | 57% |
| 6 months | −34.4% | −2.3% | −4.7% | −29.7 pts | 76% |
| Since launch | −51.6% | −7.9% | −15.8% | −35.8 pts | 84% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of PLUG, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.06 times, against +2 stated | ETFIQ |
| Underlying | PLUG | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $4m | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Jan 9, 2026 |
| Launched | Jan 13, 2026 | ETFIQ |
| Underlying volatility over the window | 57% annualized | ETFIQ |

## Questions

### Did PLUL return +2 times PLUG?

Over the window to Sep 11, 2026, PLUG moved −23.9% and PLUL returned −49.2%. 2 times that move is −47.8%, so the fund came out 1.4 points short of it.

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

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

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