# CDNG (Leverage Shares 2X Long CDNS Daily ETF)

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

Three months to Oct 2, 2026: CDNG returned −18.9% where its own daily promise gave −15.4%, 3.5 points short.

## Key facts

- CDNG, what CDNS did: −5.8%, as of Oct 2, 2026.
- CDNG, what 2 times a day gives: −15.4%, as of Oct 2, 2026.
- CDNG, what the fund returned: −18.9%, as of Oct 2, 2026.
- CDNG, the fund itself cost: −3.5 pts, as of Oct 2, 2026.
- CDNG, net assets: $722,800 (issuer page, as of Oct 1, 2026).
- CDNG, expense ratio: 0.75% (485BPOS XBRL, May 6, 2026).

## CDNG over each window to Oct 2, 2026

| Window | Fund | CDNS | +2x the move | Difference | CDNS moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +27.6% | +14.6% | +29.1% | −1.6 pts | 40% |
| 3 months | −18.9% | −5.8% | −11.7% | −7.2 pts | 42% |
| Since launch | −22.1% | −7.3% | −14.6% | −7.5 pts | 40% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of CDNS, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +3.23 times, against +2 stated | ETFIQ |
| Underlying | CDNS | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $722,800 | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, May 6, 2026 |
| Launched | Jun 23, 2026 | ETFIQ |
| Underlying volatility over the window | 42% annualized | ETFIQ |

## Questions

### Did CDNG return +2 times CDNS?

Over the window to Oct 2, 2026, CDNS moved −5.8% and CDNG returned −18.9%. 2 times that move is −11.7%, so the fund came out 7.2 points short of it.

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

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

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