# AALG (Leverage Shares 2X Long AAL Daily ETF)

Leverage Shares · Leveraged ETFs · data as of Oct 2, 2026

Three months to Oct 2, 2026: AALG returned −51.7% where its own daily promise gave −50.4%, 1.4 points short.

## Key facts

- AALG, what AAL did: −27.8%, as of Oct 2, 2026.
- AALG, what 2 times a day gives: −50.4%, as of Oct 2, 2026.
- AALG, what the fund returned: −51.7%, as of Oct 2, 2026.
- AALG, the fund itself cost: −1.4 pts, as of Oct 2, 2026.
- AALG, net assets: $4m (issuer page, as of Oct 1, 2026).
- AALG, expense ratio: 0.78% (485BPOS XBRL, Feb 27, 2026).

## AALG over each window to Oct 2, 2026

| Window | Fund | AAL | +2x the move | Difference | AAL moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −4.1% | −1.3% | −2.6% | −1.5 pts | 30% |
| 3 months | −51.7% | −27.8% | −55.6% | +3.9 pts | 43% |
| 6 months | +20.8% | +19.4% | +38.7% | −17.9 pts | 48% |
| 1 year | −8.7% | +13.2% | +26.4% | −35.1 pts | 48% |
| Since launch | −26.2% | +5.9% | +11.8% | −38.0 pts | 47% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of AAL, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.86 times, against +2 stated | ETFIQ |
| Underlying | AAL | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $4m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.78% | 485BPOS XBRL, Feb 27, 2026 |
| Launched | Jul 11, 2025 | ETFIQ |
| Underlying volatility over the window | 43% annualized | ETFIQ |

## Questions

### Did AALG return +2 times AAL?

Over the window to Oct 2, 2026, AAL moved −27.8% and AALG returned −51.7%. 2 times that move is −55.6%, so the fund came out 3.9 points ahead of it.

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

Because it resets daily. AALG 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, AALG, data as of Oct 2, 2026. https://etfiq.com/funds/aalg
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/aalg  ·  JSON: https://etfiq.com/funds/aalg.json