# PYPG (Leverage Shares 2X Long PYPL Daily ETF)

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

Three months to Sep 11, 2026: PYPG returned +51.7% where its own daily promise gave +57.5%, 5.8 points short.

## Key facts

- PYPG, what PYPL did: +29.7%, as of Sep 11, 2026.
- PYPG, what +2 times a day gives: +57.5%, as of Sep 11, 2026.
- PYPG, what the fund returned: +51.7%, as of Sep 11, 2026.
- PYPG, the fund itself cost: −5.8 pts, as of Sep 11, 2026.
- PYPG, net assets: $11m (issuer page, as of Sep 10, 2026).
- PYPG, expense ratio: 0.77% (485BPOS XBRL, Feb 27, 2026).

## PYPG over each window to Sep 11, 2026

| Window | Fund | PYPL | +2x the move | Difference | PYPL moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −20.8% | −9.0% | −18.1% | −2.8 pts | 54% |
| 3 months | +51.7% | +29.7% | +59.4% | −7.7 pts | 52% |
| 6 months | +23.0% | +20.3% | +40.7% | −17.7 pts | 43% |
| 1 year | −54.2% | −19.3% | −38.5% | −15.7 pts | 44% |
| Since launch | −45.5% | −6.9% | −13.9% | −31.6 pts | 42% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of PYPL, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.74 times, against +2 stated | ETFIQ |
| Underlying | PYPL | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $11m | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.77% | 485BPOS XBRL, Feb 27, 2026 |
| Launched | Apr 4, 2025 | ETFIQ |
| Underlying volatility over the window | 52% annualized | ETFIQ |

## Questions

### Did PYPG return +2 times PYPL?

Over the window to Sep 11, 2026, PYPL moved +29.7% and PYPG returned +51.7%. 2 times that move is +59.4%, so the fund came out 7.7 points short of it.

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

Because it resets daily. PYPG 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.

### Which +2x PYPL ETF tracked its stated multiple most closely?

2 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.


## Cite this page

ETFIQ, PYPG, data as of Sep 11, 2026. https://etfiq.com/funds/PYPG
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/PYPG  ·  JSON: https://etfiq.com/funds/PYPG.json