# SNAG (Leverage Shares 2X Long SNAP Daily ETF)

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

Three months to Sep 11, 2026: SNAG returned +1.4% where its own daily promise gave +4.9%, 3.5 points short.

## Key facts

- SNAG, what SNAP did: +8.0%, as of Sep 11, 2026.
- SNAG, what +2 times a day gives: +4.9%, as of Sep 11, 2026.
- SNAG, what the fund returned: +1.4%, as of Sep 11, 2026.
- SNAG, the fund itself cost: −3.5 pts, as of Sep 11, 2026.
- SNAG, net assets: $2m (issuer page, as of Sep 10, 2026).
- SNAG, expense ratio: 0.75% (485BPOS XBRL, Dec 11, 2025).

## SNAG over each window to Sep 11, 2026

| Window | Fund | SNAP | +2x the move | Difference | SNAP moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +14.3% | +9.2% | +18.5% | −4.2 pts | 58% |
| 3 months | +1.4% | +8.0% | +16.0% | −14.6 pts | 66% |
| 6 months | +17.0% | +24.6% | +49.1% | −32.1 pts | 65% |
| Since launch | −61.7% | −25.6% | −51.1% | −10.6 pts | 61% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of SNAP, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +0.17 times, against +2 stated | ETFIQ |
| Underlying | SNAP | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $2m | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Dec 11, 2025 |
| Launched | Dec 18, 2025 | ETFIQ |
| Underlying volatility over the window | 66% annualized | ETFIQ |

## Questions

### Did SNAG return +2 times SNAP?

Over the window to Sep 11, 2026, SNAP moved +8.0% and SNAG returned +1.4%. 2 times that move is +16.0%, so the fund came out 14.6 points short of it.

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

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

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