# SNDG (Leverage Shares 2X Long SNDK Daily ETF)

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

Three months to Sep 11, 2026: SNDG returned −58.0% where its own daily promise gave −55.7%, 2.2 points short.

## Key facts

- SNDG, what SNDK did: −17.5%, as of Sep 11, 2026.
- SNDG, what +2 times a day gives: −55.7%, as of Sep 11, 2026.
- SNDG, what the fund returned: −58.0%, as of Sep 11, 2026.
- SNDG, the fund itself cost: −2.3 pts, as of Sep 11, 2026.
- SNDG, net assets: $114m (issuer page, as of Sep 10, 2026).
- SNDG, expense ratio: 0.75% (485BPOS XBRL, May 6, 2026).

## SNDG over each window to Sep 11, 2026

| Window | Fund | SNDK | +2x the move | Difference | SNDK moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +37.2% | +21.5% | +43.0% | −5.8 pts | 88% |
| 3 months | −58.0% | −17.5% | −35.0% | −22.9 pts | 134% |
| Since launch | −28.0% | +12.5% | +25.0% | −53.0 pts | 124% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of SNDK, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +3.31 times, against +2 stated | ETFIQ |
| Underlying | SNDK | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $114m | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, May 6, 2026 |
| Launched | May 12, 2026 | ETFIQ |
| Underlying volatility over the window | 134% annualized | ETFIQ |

## Questions

### Did SNDG return +2 times SNDK?

Over the window to Sep 11, 2026, SNDK moved −17.5% and SNDG returned −58.0%. 2 times that move is −35.0%, so the fund came out 22.9 points short of it.

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

Because it resets daily. SNDG 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 SNDK ETF tracked its stated multiple most closely?

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

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