# SMTG (Leverage Shares 2X Long SMTC Daily ETF)

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

One month to Sep 11, 2026: SMTG returned +29.7% where its own daily promise gave +32.0%, 2.3 points short.

## Key facts

- SMTG, what SMTC did: +19.5%, as of Sep 11, 2026.
- SMTG, what +2 times a day gives: +32.0%, as of Sep 11, 2026.
- SMTG, what the fund returned: +29.7%, as of Sep 11, 2026.
- SMTG, the fund itself cost: −2.3 pts, as of Sep 11, 2026.
- SMTG, net assets: $3m (issuer page, as of Sep 10, 2026).
- SMTG, expense ratio: 0.99% (485BPOS XBRL, Jun 9, 2026).

## SMTG over each window to Sep 11, 2026

| Window | Fund | SMTC | +2x the move | Difference | SMTC moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +29.7% | +19.5% | +38.9% | −9.2 pts | 96% |
| Since launch | −18.8% | +2.4% | +4.9% | −23.6 pts | 96% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of SMTC, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.53 times, against +2 stated | ETFIQ |
| Underlying | SMTC | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $3m | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.99% | 485BPOS XBRL, Jun 9, 2026 |
| Launched | Jun 23, 2026 | ETFIQ |
| Underlying volatility over the window | 96% annualized | ETFIQ |

## Questions

### Did SMTG return +2 times SMTC?

Over the window to Sep 11, 2026, SMTC moved +19.5% and SMTG returned +29.7%. 2 times that move is +38.9%, so the fund came out 9.2 points short of it.

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

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

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