# APHG (Leverage Shares 2X Long APH Daily ETF)

Leverage Shares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: APHG returned −11.6% where its own daily promise gave −7.8%, 3.8 points short.

## Key facts

- APHG, what APH did: −1.9%, as of Sep 30, 2026.
- APHG, what 2 times a day gives: −7.8%, as of Sep 30, 2026.
- APHG, what the fund returned: −11.6%, as of Sep 30, 2026.
- APHG, the fund itself cost: −3.8 pts, as of Sep 30, 2026.
- APHG, net assets: $310,600 (issuer page, as of Sep 29, 2026).
- APHG, expense ratio: 0.99% (485BPOS XBRL, Jun 9, 2026).

## APHG over each window to Sep 30, 2026

| Window | Fund | APH | +2x the move | Difference | APH moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +10.4% | +6.5% | +13.0% | −2.6 pts | 37% |
| 3 months | −11.6% | −1.9% | −3.9% | −7.7 pts | 41% |
| Since launch | +3.0% | +6.5% | +13.0% | −10.0 pts | 41% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of APH, reset daily | ETFIQ |
| Multiple a holder actually got over the window | APH moved −1.9% over this window, too little to read a multiple from | ETFIQ |
| Underlying | APH | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $310,600 | issuer page, as of Sep 29, 2026 |
| Expense ratio | 0.99% | 485BPOS XBRL, Jun 9, 2026 |
| Launched | Jun 16, 2026 | ETFIQ |
| Underlying volatility over the window | 41% annualized | ETFIQ |

## Questions

### Did APHG return +2 times APH?

Over the window to Sep 30, 2026, APH moved −1.9% and APHG returned −11.6%. 2 times that move is −3.9%, so the fund came out 7.7 points short of it.

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

Because it resets daily. APHG 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 APH ETF tracked its stated multiple most closely?

2 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 figure itself.


## Cite this page

ETFIQ, APHG, data as of Sep 30, 2026. https://etfiq.com/funds/aphg
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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