{
 "ticker": "BULG",
 "name": "Leverage Shares 2X Long BULL Daily ETF",
 "issuer": "Leverage Shares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/bulg",
 "html": "https://etfiq.com/funds/bulg",
 "markdown": "https://etfiq.com/funds/bulg.md",
 "as_of": "2026-10-21",
 "verdict": "Over the three months to Oct 21, 2026, BULG lost 54.5%, against \u221251.0% for twice BULL's daily moves.",
 "promise": {
  "badge": "partly",
  "label": "Partly",
  "category": "leverage",
  "sentence": "Over three months to Oct 21, 2026, BULG finished 3.5 points behind twice BULL's daily moves, compounded.",
  "figure": -3.5,
  "unit": "points",
  "from": "2026-07-22",
  "to": "2026-10-21",
  "url": "https://etfiq.com/promise-index/leverage/"
 },
 "key_facts": [
  {
   "key": "what_bull_did",
   "label": "What BULL did",
   "value": "\u221224.8%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "BULG, what BULL did: \u221224.8%, as of Oct 21, 2026.",
   "cite": {
    "value": "\u221224.8%",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/bulg#fact-what-bull-did",
    "text": "BULG, what BULL did: \u221224.8%, as of Oct 21, 2026."
   }
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u221251.0%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "BULG, what 2 times a day gives: \u221251.0%, as of Oct 21, 2026.",
   "cite": {
    "value": "\u221251.0%",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/bulg#fact-what-2-times-a-day-gives",
    "text": "BULG, what 2 times a day gives: \u221251.0%, as of Oct 21, 2026."
   }
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221254.5%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "BULG, what the fund returned: \u221254.5%, as of Oct 21, 2026.",
   "cite": {
    "value": "\u221254.5%",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/bulg#fact-what-the-fund-returned",
    "text": "BULG, what the fund returned: \u221254.5%, as of Oct 21, 2026."
   }
  },
  {
   "key": "gap_to_2_times_a_day",
   "label": "Gap to 2 times a day",
   "value": "\u22123.5 pts",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "BULG, gap to 2 times a day: \u22123.5 pts, as of Oct 21, 2026.",
   "cite": {
    "value": "\u22123.5 pts",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/bulg#fact-gap-to-2-times-a-day",
    "text": "BULG, gap to 2 times a day: \u22123.5 pts, as of Oct 21, 2026."
   }
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$3m",
   "source": "issuer page, as of Oct 21, 2026",
   "as_of": "2026-10-21",
   "sentence": "BULG, net assets: $3m (issuer page, as of Oct 21, 2026).",
   "cite": {
    "value": "$3m",
    "as_of": "2026-10-21",
    "source": "issuer page, as of Oct 21, 2026",
    "url": "https://etfiq.com/funds/bulg#fact-net-assets",
    "text": "BULG, net assets: $3m (issuer page, as of Oct 21, 2026)."
   }
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.87%",
   "source": "485BPOS XBRL, Feb 27, 2026",
   "as_of": "2026-02-27",
   "sentence": "BULG, expense ratio: 0.87% (485BPOS XBRL, Feb 27, 2026).",
   "cite": {
    "value": "0.87%",
    "as_of": "2026-02-27",
    "source": "485BPOS XBRL, Feb 27, 2026",
    "url": "https://etfiq.com/funds/bulg#fact-expense-ratio",
    "text": "BULG, expense ratio: 0.87% (485BPOS XBRL, Feb 27, 2026)."
   }
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of BULL, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+2.20169 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "BULL",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, index",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$3m",
   "source": "issuer page, as of Oct 21, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.87%",
   "source": "485BPOS XBRL, Feb 27, 2026"
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Aug 11, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "70% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Total return": "\u221250.4%",
   "BULL": "\u221226.1%",
   "+2x the move": "\u221252.2%",
   "Difference": "+1.8 pts",
   "BULL moved about, annualized": "77%"
  },
  {
   "window": "3 months",
   "Total return": "\u221254.5%",
   "BULL": "\u221224.8%",
   "+2x the move": "\u221249.6%",
   "Difference": "\u22124.9 pts",
   "BULL moved about, annualized": "70%"
  },
  {
   "window": "6 months",
   "Total return": "\u221251.2%",
   "BULL": "\u221216.2%",
   "+2x the move": "\u221232.4%",
   "Difference": "\u221218.8 pts",
   "BULL moved about, annualized": "66%"
  },
  {
   "window": "Year to date",
   "Total return": "\u221265.7%",
   "BULL": "\u221221.6%",
   "+2x the move": "\u221243.2%",
   "Difference": "\u221222.5 pts",
   "BULL moved about, annualized": "65%"
  },
  {
   "window": "1 year",
   "Total return": "\u221285.0%",
   "BULL": "\u221245.3%",
   "+2x the move": "\u221290.6%",
   "Difference": "+5.6 pts",
   "BULL moved about, annualized": "63%"
  },
  {
   "window": "Since launch",
   "Total return": "\u221292.5%",
   "BULL": "\u221259.0%",
   "+2x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "BULL moved about, annualized": "62%"
  },
  {
   "window": "Since launch, annualised",
   "Total return": "\u221288.6%",
   "BULL": "\u2013",
   "+2x the move": "\u2013",
   "Difference": "\u2013",
   "BULL moved about, annualized": "\u2013"
  }
 ],
 "questions": [
  {
   "q": "Did BULG return +2 times BULL?",
   "a": "Over the three months to Oct 21, 2026, BULL moved \u221224.8% and BULG returned \u221254.5%. 2 times that move is \u221249.6%, so the fund came out 4.9 points short of it. That is not its objective, which is daily. Against 2 times each day's move, compounded, it was 3.5 points short."
  },
  {
   "q": "Why does BULG not return +2 times over a year?",
   "a": "Because it resets daily. BULG aims at +2 times each day's move, and daily results compound. If the underlying falls and recovers, a holder ends up behind +2 times the period move; in a steady run in one direction, possibly ahead. The longer the holding and the more the underlying swings, the wider the gap."
  }
 ],
 "key_stats": [
  {
   "key": "high52",
   "label": "52-week high, daily closes to Oct 21, 2026",
   "value": "$156.80 on Oct 27, 2025",
   "as_of": "2025-10-27",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 156.8,
   "window": {
    "from": "2025-10-22",
    "to": "2026-10-21"
   }
  },
  {
   "key": "low52",
   "label": "52-week low, daily closes to Oct 21, 2026",
   "value": "$19.80 on Mar 30, 2026",
   "as_of": "2026-03-30",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 19.8,
   "window": {
    "from": "2025-10-22",
    "to": "2026-10-21"
   }
  },
  {
   "key": "inrange",
   "label": "Close on Oct 21, 2026, within that range",
   "value": "$22.15, 2% of the way from the low to the high",
   "as_of": "2026-10-21",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 22.1524
  },
  {
   "key": "beta",
   "label": "Beta to its underlying, 1 year",
   "value": "1.98, against BULL",
   "as_of": "2026-10-21",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 1.976,
   "window": {
    "from": "2025-10-22",
    "to": "2026-10-21"
   }
  },
  {
   "key": "r2",
   "label": "R-squared, the same days",
   "value": "1.00",
   "as_of": "2026-10-21",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 0.9957,
   "window": {
    "from": "2025-10-22",
    "to": "2026-10-21"
   }
  },
  {
   "key": "betawin",
   "label": "Beta and R-squared measured over",
   "value": "251 daily total returns, Oct 22, 2025 to Oct 21, 2026",
   "as_of": "2026-10-21",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "window": {
    "from": "2025-10-22",
    "to": "2026-10-21"
   }
  }
 ],
 "flows": {
  "as_of": "2026-10-21",
  "coverage": "daily",
  "computed_by": "ETFIQ, from the change in shares outstanding times the previous day\u2019s NAV",
  "method": "https://etfiq.com/methodology/flows",
  "data": "https://etfiq.com/data/flows/funds/bulg.json",
  "windows": [
   {
    "window": "1 day",
    "from": "2026-10-21",
    "to": "2026-10-21",
    "net_flow_usd": 0,
    "net_flow": "$0",
    "round_trip_usd": 0,
    "days_counted": 1,
    "trading_days": 1
   }
  ],
  "daily_counts_start": "2026-10-19",
  "windows_without_daily_figure": [
   "1 week",
   "1 month",
   "3 months",
   "Year to date",
   "1 year"
  ]
 },
 "generated": "2026-10-22",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, BULG, leveraged ETFs, data as of Oct 21, 2026. https://etfiq.com/funds/bulg"
}