{
 "ticker": "CRCG",
 "name": "Leverage Shares 2X Long CRCL Daily ETF",
 "issuer": "Leverage Shares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/crcg",
 "html": "https://etfiq.com/funds/crcg",
 "markdown": "https://etfiq.com/funds/crcg.md",
 "as_of": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: CRCG returned +40.2% where its own daily promise gave +47.6%, 7.5 points short.",
 "key_facts": [
  {
   "key": "what_crcl_did",
   "label": "What CRCL did",
   "value": "+32.6%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "CRCG, what CRCL did: +32.6%, as of Sep 30, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "+47.6%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "CRCG, what 2 times a day gives: +47.6%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+40.2%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "CRCG, what the fund returned: +40.2%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22127.5 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "CRCG, the fund itself cost: \u22127.5 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$118m",
   "source": "issuer page, as of Sep 29, 2026",
   "as_of": "2026-09-30",
   "sentence": "CRCG, net assets: $118m (issuer page, as of Sep 29, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.78%",
   "source": "485BPOS XBRL, Feb 27, 2026",
   "as_of": "2026-09-30",
   "sentence": "CRCG, expense ratio: 0.78% (485BPOS XBRL, Feb 27, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of CRCL, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.23 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "CRCL",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$118m",
   "source": "issuer page, as of Sep 29, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.78%",
   "source": "485BPOS XBRL, Feb 27, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Aug 11, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "85% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221232.3%",
   "CRCL": "\u221214.0%",
   "+2x the move": "\u221228.0%",
   "Difference": "\u22124.3 pts",
   "CRCL moved about": "95%"
  },
  {
   "window": "3 months",
   "Fund": "+40.2%",
   "CRCL": "+32.6%",
   "+2x the move": "+65.3%",
   "Difference": "\u221225.1 pts",
   "CRCL moved about": "85%"
  },
  {
   "window": "6 months",
   "Fund": "\u221251.9%",
   "CRCL": "\u22129.4%",
   "+2x the move": "\u221218.9%",
   "Difference": "\u221233.0 pts",
   "CRCL moved about": "94%"
  },
  {
   "window": "1 year",
   "Fund": "\u221287.2%",
   "CRCL": "\u221238.0%",
   "+2x the move": "\u221276.0%",
   "Difference": "\u221211.2 pts",
   "CRCL moved about": "98%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221292.4%",
   "CRCL": "\u221249.0%",
   "+2x the move": "\u221298.0%",
   "Difference": "+5.7 pts",
   "CRCL moved about": "96%"
  }
 ],
 "questions": [
  {
   "q": "Did CRCG return +2 times CRCL?",
   "a": "Over the window to Sep 30, 2026, CRCL moved +32.6% and CRCG returned +40.2%. 2 times that move is +65.3%, so the fund came out 25.1 points short of it."
  },
  {
   "q": "Why does CRCG not return +2 times over a year?",
   "a": "Because it resets daily. CRCG 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."
  },
  {
   "q": "Which +2x CRCL ETF tracked its stated multiple most closely?",
   "a": "4 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."
  }
 ],
 "generated": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}