# VALG (Leverage Shares 2X Long VALE Daily ETF)

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

Three months to Sep 11, 2026: VALG returned −6.7% where its own daily promise gave −2.6%, 4.1 points short.

## Key facts

- VALG, what VALE did: −0.3%, as of Sep 11, 2026.
- VALG, what +2 times a day gives: −2.6%, as of Sep 11, 2026.
- VALG, what the fund returned: −6.7%, as of Sep 11, 2026.
- VALG, the fund itself cost: −4.1 pts, as of Sep 11, 2026.
- VALG, net assets: $280,800 (issuer page, as of Sep 10, 2026).
- VALG, expense ratio: 0.75% (485BPOS XBRL, Dec 9, 2025).

## VALG over each window to Sep 11, 2026

| Window | Fund | VALE | +2x the move | Difference | VALE moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +14.4% | +8.7% | +17.4% | −2.9 pts | 28% |
| 3 months | −6.7% | −0.3% | −0.5% | −6.2 pts | 30% |
| 6 months | +0.4% | +6.8% | +13.5% | −13.1 pts | 32% |
| Since launch | +24.1% | +22.7% | +45.4% | −21.3 pts | 35% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of VALE, reset daily | ETFIQ |
| Multiple a holder actually got over the window | VALE moved −0.3% over this window, too little to read a multiple from | ETFIQ |
| Underlying | VALE | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $280,800 | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Dec 9, 2025 |
| Launched | Dec 18, 2025 | ETFIQ |
| Underlying volatility over the window | 30% annualized | ETFIQ |

## Questions

### Did VALG return +2 times VALE?

Over the window to Sep 11, 2026, VALE moved −0.3% and VALG returned −6.7%. 2 times that move is −0.5%, so the fund came out 6.2 points short of it.

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

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

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