{
 "ticker": "TELG",
 "name": "Leverage Shares 2X Long TEL Daily ETF",
 "issuer": "Leverage Shares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/TELG",
 "html": "https://etfiq.com/funds/TELG",
 "markdown": "https://etfiq.com/funds/TELG.md",
 "as_of": "2026-09-11",
 "verdict": "One month to Sep 11, 2026: TELG returned \u22123.5% where its own daily promise gave \u22122.2%, 1.3 points short.",
 "key_facts": [
  {
   "key": "what_tel_did",
   "label": "What TEL did",
   "value": "\u22120.7%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TELG, what TEL did: \u22120.7%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "\u22122.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TELG, what +2 times a day gives: \u22122.2%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u22123.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TELG, what the fund returned: \u22123.5%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22121.3 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TELG, the fund itself cost: \u22121.3 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$191,250",
   "source": "issuer page, as of Sep 10, 2026",
   "as_of": "2026-09-11",
   "sentence": "TELG, net assets: $191,250 (issuer page, as of Sep 10, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.99%",
   "source": "485BPOS XBRL, Jun 9, 2026",
   "as_of": "2026-09-11",
   "sentence": "TELG, expense ratio: 0.99% (485BPOS XBRL, Jun 9, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of TEL, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "TEL moved \u22120.7% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "TEL",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$191,250",
   "source": "issuer page, as of Sep 10, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.99%",
   "source": "485BPOS XBRL, Jun 9, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jun 16, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "32% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u22123.5%",
   "TEL": "\u22120.7%",
   "+2x the move": "\u22121.3%",
   "Difference": "\u22122.1 pts",
   "TEL moved about": "32%"
  },
  {
   "window": "Since launch",
   "Fund": "\u22129.7%",
   "TEL": "\u22121.9%",
   "+2x the move": "\u22123.9%",
   "Difference": "\u22125.8 pts",
   "TEL moved about": "32%"
  }
 ],
 "questions": [
  {
   "q": "Did TELG return +2 times TEL?",
   "a": "Over the window to Sep 11, 2026, TEL moved \u22120.7% and TELG returned \u22123.5%. 2 times that move is \u22121.3%, so the fund came out 2.1 points short of it."
  },
  {
   "q": "Why does TELG not return +2 times over a year?",
   "a": "Because it resets daily. TELG 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."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}