ETNGOverviewHoldingsFlowsCompare

ETNG Leverage Shares 2X Long ETN Daily ETF

Promise check: PartlyOver three months to Oct 21, 2026, ETNG finished 3.0 points behind twice ETN's daily moves, compounded.

Aims to return twice the daily move of Eaton (ETN)Leverage Shares0.75% fee$681,000 on Oct 21, 2026First traded May 12, 2026SEC filings ↗

Over the three months to Oct 21, 2026, ETNG lost 13.4%, against −10.3% for twice ETN's daily moves.

−3.0%
What ETN did
Report
−10.3%
What 2 times a day gives
Report
−13.4%
What the fund returned
Report
−3.0 pts
Gap to 2 times a day
Report

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Price since launch, May 12, 2026

$11.34+6.1%1 day, priceClose, Oct 21, 2026

Price only. No distribution was paid over these days, so total return is the same. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 21, 2026. Updated every trading night. Report a data error

What it aimed at, and what it did
0.8 pts short of its stated multipleETNG returned −19.8% while 2 times ETN's move would have been −19.0%. Figures from Sep 21, 2026 to Oct 21, 2026.ETN −9.5% ×2 implies−19.0%ETNG returned−19.8%0.8 pts short of its stated multipleETNG returned −19.8% while 2 times ETN's move would have been −19.0%. Figures from Sep 21, 2026 to Oct 21, 2026.ETN −9.5% ×2 implies−19.0%ETNG returned−19.8%

Over the 1 month to Oct 21, 2026, ETNG returned −19.8%, where 2 times that move implies −19.0%. The difference is −0.8 pts. Of that, daily compounding is +0.2 pts and the gap to 2 times each day's move compounded is −1.0 pts.

7.4 pts short of its stated multipleETNG returned −13.4% while 2 times ETN's move would have been −6.0%. Figures from Jul 22, 2026 to Oct 21, 2026.ETN −3.0% ×2 implies−6.0%ETNG returned−13.4%7.4 pts short of its stated multipleETNG returned −13.4% while 2 times ETN's move would have been −6.0%. Figures from Jul 22, 2026 to Oct 21, 2026.ETN −3.0% ×2 implies−6.0%ETNG returned−13.4%

Over the 3 months to Oct 21, 2026, ETNG returned −13.4%, where 2 times that move implies −6.0%. The difference is −7.4 pts. Of that, daily compounding is −4.4 pts and the gap to 2 times each day's move compounded is −3.0 pts.

14.6 pts short of its stated multipleETNG returned −17.8% while 2 times ETN's move would have been −3.2%. Figures from May 12, 2026 to Oct 21, 2026.ETN −1.6% ×2 implies−3.2%ETNG returned−17.8%14.6 pts short of its stated multipleETNG returned −17.8% while 2 times ETN's move would have been −3.2%. Figures from May 12, 2026 to Oct 21, 2026.ETN −1.6% ×2 implies−3.2%ETNG returned−17.8%

From launch to Oct 21, 2026, ETNG returned −17.8%, where 2 times that move implies −3.2%. The difference is −14.6 pts. Of that, daily compounding is −8.5 pts and the gap to 2 times each day's move compounded is −6.1 pts.

42.4
IQ Leverage ScoreETFIQ 3-Month Tracking Score293rd of 508 · Oct 21, 2026
0.1 · lowest of 508 leveraged ETFs at 2x, over three months99.9 · highest

How closely it delivered its daily multiple over 3 months, ranked against 508 leveraged ETFs at 2x, over three months. 100 is best. How it is computed

ETNG finished 3 points short of what +2 times ETN’s daily move would have given, compounded through the same days.

points against its daily multiple, compounded−3.0 pts · 42nd pct
All 508 ranked by this score →
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ETNG returns by window: total return, cash paid and price change
WindowTotal returnETN+2x the moveDifferenceETN moved about, annualized
1M Sep 21 – Oct 21, 2026−19.8%−9.5%−19.0%−0.8 pts30%
3M Jul 22 – Oct 21, 2026−13.4%−3.0%−6.0%−7.4 pts44%
Since launch May 12 – Oct 21, 2026−17.8%−1.6%−3.2%−14.6 pts45%

Total return at closing prices, distributions reinvested. +2x the move is +2 times the window's move. That is not the fund's objective, which is +2 times each day's move. Not shown: 6 months, year to date, 1 year and 3 years, which the fund has not been listed long enough to fill (listed May 2026); its since-launch row covers all of its record. Source: ETFIQ.

Source: Tiingo end-of-day prices, with distributions reinvested. Data as of Oct 21, 2026. Updated every trading night. Report a data error

Did it keep up with its own daily multiple, compounded day by day, over three months?

Points against its daily multiple, compounded
MRNX −51.5 ptsBLSG −26.5 ptsCRDX −15.9 ptsPUR −14.6 ptsXOVL −13.1 ptsMSTX −13.0 ptsTXXS −13.0 ptsMSTU −11.9 ptsSUIL −11.7 ptsBMNG −11.3 ptsNXPX −11.3 ptsGMEU −10.9 ptsNOWL −10.8 ptsMSTP −10.6 ptsPLTG −10.1 ptsSMCC −9.7 ptsNUG −9.6 ptsTXXD −9.4 ptsBMNU −9.3 ptsAVAZ −9.0 ptsSPCU −8.8 ptsPUL −8.7 ptsOSCX −8.6 ptsMSTC −8.3 ptsINFH −8.1 ptsNOWX −8.1 ptsXXRP −8.1 ptsCRMG −7.9 pts, and 2 more at this point: SPCH −7.9 pts, AMPU −7.8 ptsSMCX −7.6 ptsSTLU −7.6 ptsCRCA −7.5 pts, and 2 more at this point: PLTA −7.5 pts, SPCF −7.5 ptsCRCG −7.5 ptsCRMU −7.2 ptsCRWL −7.1 ptsETHT −7.1 ptsBEC −7.0 pts, and 1 more at this point: SPAX −6.9 ptsGLGG −6.8 ptsPOEL −6.6 ptsUMAL −6.5 ptsHPEL −6.4 pts, and 2 more at this point: SBTU −6.4 pts, RDWU −6.3 ptsLOFF −6.4 ptsHIMZ −6.2 pts, and 2 more at this point: OKTG −6.2 pts, XRPT −6.2 ptsIONX −6.1 pts, and 3 more at this point: ONDL −6.1 pts, TEMT −6.1 pts, UXRP −6.1 ptsBTCL −6.0 pts, and 4 more at this point: KMLI −6.0 pts, MVLL −6.0 pts, FIGG −5.9 pts, SMCL −5.9 ptsCOIG −6.0 ptsPLTL −5.7 pts, and 2 more at this point: RGTX −5.7 pts, SNAG −5.7 ptsPTIR −5.7 ptsBNMC −5.6 pts, and 5 more at this point: TEMC −5.5 pts, BITU −5.4 pts, EVMU −5.4 pts, LUNL −5.4 pts, VELL −5.4 ptsETU −5.6 ptsDUOG −5.2 ptsFUTG −5.2 ptsXCOM −5.2 ptsADBG −5.1 pts, and 11 more at this point: AFRU −5.1 pts, ETHU −5.1 pts, PLTU −5.1 pts, SHPU −5.1 pts, TDCL −5.1 pts, BEG −5.0 pts, BTCU −5.0 pts, ONDC −5.0 pts, TARK −5.0 pts, LNOK −4.9 pts, SNDC −4.9 ptsCRMX −4.8 pts, and 2 more at this point: RDTL −4.8 pts, SPOG −4.8 ptsMSFL −4.8 ptsNVDG −4.8 ptsAXTU −4.7 pts, and 9 more at this point: BBUL −4.7 pts, UPLT −4.7 pts, ANEL −4.6 pts, BITX −4.6 pts, MSFC −4.6 pts, NTAL −4.6 pts, COIA −4.5 pts, FDRX −4.5 pts, PBRG −4.5 ptsCONL −4.4 pts, and 4 more at this point: PDDL −4.4 pts, SOFX −4.4 pts, SOUX −4.4 pts, SPAL −4.4 ptsGEVC −4.4 ptsMSFX −4.4 ptsAXTL −4.3 pts, and 21 more at this point: BRZX −4.3 pts, CCUP −4.3 pts, CIR −4.3 pts, IBX −4.3 pts, METG −4.3 pts, PATX −4.3 pts, SLON −4.3 pts, TELG −4.3 pts, XAGI −4.3 pts, APHG −4.2 pts, ENTL −4.2 pts, GEVG −4.2 pts, GMEC −4.2 pts, MSFU −4.2 pts, MULL −4.2 pts, QSU −4.2 pts, KEYG −4.1 pts, NETG −4.1 pts, SOLT −4.1 pts, SPCM −4.1 pts, UCOP −4.1 ptsAMZG −4.0 pts, and 3 more at this point: SKHU −4.0 pts, VSTL −4.0 pts, XLEX −4.0 ptsHOOX −4.0 ptsMRVX −4.0 ptsAXTX −3.9 pts, and 15 more at this point: CRWC −3.9 pts, DRAL −3.9 pts, KTUP −3.9 pts, MSIX −3.9 pts, TSLT −3.9 pts, LLYX −3.8 pts, MUU −3.8 pts, NVDX −3.8 pts, OUSL −3.8 pts, UNHG −3.8 pts, UPAL −3.8 pts, COPZ −3.7 pts, ECHX −3.7 pts, LITU −3.7 pts, SNDU −3.7 ptsAAPE −3.6 pts, and 3 more at this point: RKLX −3.6 pts, ROBN −3.6 pts, SMTG −3.6 ptsAVXX −3.6 ptsFBX −3.6 ptsADIU −3.5 pts, and 27 more at this point: BULG −3.5 pts, CATG −3.5 pts, CONX −3.5 pts, HOOG −3.5 pts, MTSG −3.5 pts, QUBX −3.5 pts, TSMG −3.5 pts, XTAI −3.5 pts, ADBU −3.4 pts, RBLU −3.4 pts, RCAX −3.4 pts, TSMU −3.4 pts, APHU −3.3 pts, ASMG −3.3 pts, ASTG −3.3 pts, COTG −3.3 pts, FOMG −3.3 pts, IRE −3.3 pts, LULG −3.3 pts, MRVU −3.3 pts, NVDB −3.3 pts, ORCX −3.3 pts, PANG −3.3 pts, PYPG −3.3 pts, QCML −3.3 pts, XIWC −3.3 pts, XYZG −3.3 ptsAAPX −3.2 pts, and 11 more at this point: DJTU −3.2 pts, ELIL −3.2 pts, HOOC −3.2 pts, KEYX −3.2 pts, LMTL −3.2 pts, ORAC −3.2 pts, TSLG −3.2 pts, TSLL −3.2 pts, TWSC −3.2 pts, UMCX −3.2 pts, UNX −3.2 ptsAMDG −3.2 ptsBOEG −3.2 ptsIONL −3.1 pts, and 28 more at this point: IOSX −3.1 pts, JBLG −3.1 pts, NBIC −3.1 pts, SKHX −3.1 pts, TESC −3.1 pts, TSLI −3.1 pts, XEUR −3.1 pts, AMDL −3.0 pts, COIX −3.0 pts, FGRU −3.0 pts, HODU −3.0 pts, NVOX −3.0 pts, ONDG −3.0 pts, PYPU −3.0 pts, SNOU −3.0 pts, UPSX −3.0 pts, XBIX −3.0 pts, XLFX −3.0 pts, XW −3.0 pts, CIEG −2.9 pts, INTW −2.9 pts, ISUL −2.9 pts, MNSX −2.9 pts, NFLU −2.9 pts, RAM −2.9 pts, TSMX −2.9 pts, WLDU −2.9 pts, XLBX −2.9 ptsAMZU −2.8 pts, and 7 more at this point: GOOX −2.8 pts, GOU −2.8 pts, MCHG −2.8 pts, NXPG −2.8 pts, SKHL −2.8 pts, TXNU −2.8 pts, UECG −2.8 ptsAVGU −2.8 ptsBAIG −2.8 ptsAMAA −2.7 pts, and 49 more at this point: CARX −2.7 pts, CDNG −2.7 pts, DLLL −2.7 pts, FLYT −2.7 pts, INT −2.7 pts, NVC −2.7 pts, NVDL −2.7 pts, ORCU −2.7 pts, PALU −2.7 pts, TAJX −2.7 pts, TSLR −2.7 pts, XKRE −2.7 pts, XLIX −2.7 pts, XLKX −2.7 pts, XLYX −2.7 pts, ASTY −2.6 pts, BEX −2.6 pts, BTDL −2.6 pts, GRAG −2.6 pts, IREC −2.6 pts, LITX −2.6 pts, METU −2.6 pts, NVDU −2.6 pts, OKLL −2.6 pts, PLU −2.6 pts, QCMU −2.6 pts, RTXG −2.6 pts, SK −2.6 pts, TERG −2.6 pts, TTDU −2.6 pts, UGLD −2.6 pts, USX −2.6 pts, XHOA −2.6 pts, XLPX −2.6 pts, XOMX −2.6 pts, XQTM −2.6 pts, AAPU −2.5 pts, ASMZ −2.5 pts, DIG −2.5 pts, FBL −2.5 pts, HIMC −2.5 pts, ONDU −2.5 pts, OSSL −2.5 pts, RGTU −2.5 pts, RIOX −2.5 pts, SKYU −2.5 pts, SNDG −2.5 pts, VIAG −2.5 pts, WEBX −2.5 ptsACHX −2.4 pts, and 17 more at this point: AMKL −2.4 pts, AMUU −2.4 pts, ASMU −2.4 pts, AVGG −2.4 pts, BOEU −2.4 pts, CCPX −2.4 pts, CIEX −2.4 pts, CSCL −2.4 pts, FPSX −2.4 pts, GFSG −2.4 pts, GGLL −2.4 pts, GOOL −2.4 pts, RMBX −2.4 pts, UNHU −2.4 pts, USLV −2.4 pts, WX −2.4 pts, XPAV −2.4 ptsACLZ −2.4 ptsALBG −2.4 ptsAMA −2.3 pts, and 35 more at this point: ARMG −2.3 pts, AVGC −2.3 pts, EMXX −2.3 pts, GLWG −2.3 pts, LINT −2.3 pts, MPWC −2.3 pts, NVTX −2.3 pts, SMU −2.3 pts, STXL −2.3 pts, UN −2.3 pts, XLVX −2.3 pts, AXTC −2.2 pts, GEVX −2.2 pts, LITC −2.2 pts, NIOG −2.2 pts, ONG −2.2 pts, RDDC −2.2 pts, RMBC −2.2 pts, SIMX −2.2 pts, SKUU −2.2 pts, SOFA −2.2 pts, SOFC −2.2 pts, STXU −2.2 pts, TSEG −2.2 pts, XPEG −2.2 pts, AAPB −2.1 pts, AMAU −2.1 pts, AMDC −2.1 pts, ASUP −2.1 pts, AVGX −2.1 pts, KRWX −2.1 pts, NFX −2.1 pts, NFXL −2.1 pts, NUGT −2.1 pts, NVOC −2.1 ptsAAOG −2.0 pts, and 10 more at this point: EUVX −2.0 pts, IREX −2.0 pts, LABX −2.0 pts, MIC −2.0 pts, NBIG −2.0 pts, PLUL −2.0 pts, RVNL −2.0 pts, TERC −2.0 pts, XLUX −2.0 pts, XSEM −2.0 ptsAPLX −2.0 ptsCEGX −2.0 ptsFNGG −1.9 pts, and 26 more at this point: JNUG −1.9 pts, MPG −1.9 pts, NEBX −1.9 pts, AMZZ −1.8 pts, BABU −1.8 pts, CRUC −1.8 pts, ERX −1.8 pts, FNG −1.8 pts, MPWX −1.8 pts, NEMG −1.8 pts, RIVC −1.8 pts, SPYQ −1.8 pts, UBR −1.8 pts, UPSC −1.8 pts, USGG −1.8 pts, UUUG −1.8 pts, AAOX −1.7 pts, AVL −1.7 pts, BABC −1.7 pts, CRWG −1.7 pts, HUTG −1.7 pts, IONC −1.7 pts, KEEX −1.7 pts, NBIL −1.7 pts, NVTC −1.7 pts, WULX −1.7 ptsARMA −1.6 pts, and 11 more at this point: BIDG −1.6 pts, BRZU −1.6 pts, GLXU −1.6 pts, GOGL −1.6 pts, MRAL −1.6 pts, QBTX −1.6 pts, QNTU −1.6 pts, RKX −1.6 pts, TPLX −1.6 pts, UCC −1.6 pts, URSP −1.6 ptsBABX −1.6 ptsBIB −1.6 ptsAALG −1.5 pts, and 44 more at this point: ALA −1.5 pts, APMI −1.5 pts, ARCX −1.5 pts, ASTX −1.5 pts, COHH −1.5 pts, CRWX −1.5 pts, CWVX −1.5 pts, DDM −1.5 pts, JOBX −1.5 pts, MCHU −1.5 pts, RXL −1.5 pts, SSO −1.5 pts, UPV −1.5 pts, UXI −1.5 pts, UYG −1.5 pts, VRTL −1.5 pts, WYFL −1.5 pts, COZX −1.4 pts, CRD −1.4 pts, EFO −1.4 pts, EZJ −1.4 pts, GLX −1.4 pts, GUSH −1.4 pts, IREG −1.4 pts, LRNX −1.4 pts, OPEX −1.4 pts, QLD −1.4 pts, RGTC −1.4 pts, ROM −1.4 pts, SMUP −1.4 pts, SNXX −1.4 pts, SPUU −1.4 pts, TTMX −1.4 pts, UBRL −1.4 pts, UGE −1.4 pts, URE −1.4 pts, USAX −1.4 pts, UYM −1.4 pts, AGQ −1.3 pts, COHX −1.3 pts, LRCU −1.3 pts, LTL −1.3 pts, ONX −1.3 pts, QQXL −1.3 ptsACMM −1.2 pts, and 11 more at this point: CRWU −1.2 pts, CWEB −1.2 pts, EET −1.2 pts, INDL −1.2 pts, KLAG −1.2 pts, MVV −1.2 pts, OKLC −1.2 pts, ONTX −1.2 pts, SAA −1.2 pts, UWM −1.2 pts, WDCC −1.2 ptsAEHG −1.2 ptsAPPX −1.2 ptsCBRG −1.1 pts, and 17 more at this point: CLSX −1.1 pts, COHC −1.1 pts, CRDU −1.1 pts, UBOT −1.1 pts, WDCX −1.1 pts, XPP −1.1 pts, CAMC −1.0 pts, JOBC −1.0 pts, QUA −1.0 pts, STXX −1.0 pts, UGL −1.0 pts, UUUC −1.0 pts, APPC −0.9 pts, LRCC −0.9 pts, UPW −0.9 pts, UST −0.9 pts, VRC −0.9 ptsASTT −0.8 pts, and 2 more at this point: MHX −0.8 pts, UBT −0.8 ptsEOSU −0.8 ptsFCXG −0.8 ptsAMKX −0.7 pts, and 6 more at this point: LEUX −0.7 pts, CIFG −0.6 pts, CIFU −0.6 pts, CSEX −0.6 pts, CBRX −0.5 pts, UCTX −0.5 ptsCHAU −0.4 ptsCPXR −0.4 ptsTEUP −0.4 ptsXNDX −0.3 pts, and 3 more at this point: CIFC −0.2 pts, LASC −0.1 pts, SMRX −0.1 ptsGEMG 0.0 ptsEO +0.1 ptsKBDU +0.1 ptsUCO +0.1 ptsOPEG +1.0 ptsVALG +1.7 ptsKPDD +2.7 ptsKJD +4.5 ptsKBAB +5.6 ptsPONX +12.4 ptsCPNX +13.1 ptsETNG −3.0 ptsETNG −3.0 pts−51.5 pts+13.1 pts
−51.5 pts to +13.1 pts across 508

That is the share of the 508 leveraged ETFs at 2x, over three months sitting at or below ETNG.

Three months only, against the fund's own daily multiple; a different quarter can rank it very differently. Where the fund sits in this set, not a rating. Do not average it with another category's score.

Money in and out

Daily figures · as of Oct 21, 2026

ETNG: in the 3 trading days to Oct 21, 2026, nothing net moved.

1D
$0
0.0% of $641k on Oct 20, 2026
Oct 21, 2026
May 2026 to Jul 2026
+$2.2m
May 1, 2026 to Jul 31, 2026
monthly, from SEC filings
Net flow each trading day
Net flow into ETNG each trading day, Jul 24, 2026 to Oct 21, 2026monthly, from SEC filingsdaily, from Leverage SharesJul 24, 2026Oct 21, 2026

ETNG, net flow each trading day over the 63 sessions from Jul 24, 2026 to Oct 21, 2026: money came in on 0 days and went out on 0 days, of the 3 days with a daily figure; the other 60 have none. Before Oct 19, 2026 ETFIQ has the fund’s monthly figures only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out. Daily figures for 3 of 63 trading days; none for 60.

Net flow into ETNG each trading day, Oct 21, 2025 to Oct 21, 2026monthly, from SEC filingsdaily, from Leverage SharesOct 21, 2025Oct 21, 2026

ETNG, net flow each trading day over the 252 sessions from Oct 21, 2025 to Oct 21, 2026: money came in on 0 days and went out on 0 days, of the 3 days with a daily figure; the other 249 have none. Before Oct 19, 2026 ETFIQ has the fund’s monthly figures only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out. Daily figures for 3 of 252 trading days; none for 249.

Net flow into ETNG each trading day, Mar 20, 2025 to Oct 21, 2026monthly, from SEC filingsdaily, from Leverage SharesMar 20, 2025Oct 21, 2026

ETNG, net flow each trading day over the 400 sessions from Mar 20, 2025 to Oct 21, 2026: money came in on 0 days and went out on 0 days, of the 3 days with a daily figure; the other 397 have none. Before Oct 19, 2026 ETFIQ has the fund’s monthly figures only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out. Daily figures for 3 of 400 trading days; none for 397.

Money in, netMoney out, netMonthly basis

ETFIQ’s daily counts for ETNG start Oct 19, 2026, so the 1 week, 1 month, 3 months, year to date and 1 year windows have no daily figure.

How this is computed

Computed by ETFIQ from Leverage Shares’s daily figures: each day’s change in shares outstanding times the previous day’s net asset value. Percentages are of net assets at the start of each window. Figures are net: money in less money out. Every day and month ETFIQ holds for ETNG, back to May 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare ETNG with other funds in the flows tool

Every trading day, last 3 months3 days
Oct 21, 2026 $0
Oct 20, 2026 $0
Oct 19, 2026 $0

Most recent first.

Week by week, last year1 week
Oct 21, 2026 $0 3 days

Net flow into ETNG each week, Oct 19, 2026 to Oct 21, 2026, most recent first, each week named by its last trading day with a figure. Computed by ETFIQ.

Month by month, money in and money outMay 2026 to Oct 2026

ETNG, money in and money out each month from May 2026 to Jul 2026: two bars a month, money in above the line and money out below. Every bar is from ETNG’s SEC filings (N-PORT item B.6). Oct 2026 is still in progress, so it is in the list and not drawn. Of the 4 months listed, money came in on net in 3 and went out in 0.

Every bar is from ETNG’s SEC filings (N-PORT item B.6). Of the 4 months listed, money came in on net in 3 and went out in 0.

MonthInOutNet
Oct 2026 ETFIQ, the sum of its days, Oct 19 to Oct 21$0$0$0
Jul 2026 SEC Form N-PORT+$1.4m−$408k+$1.0m
Jun 2026 SEC Form N-PORT+$832k$0+$832k
May 2026 SEC Form N-PORT+$486k−$124k+$363k

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions. Months summed from daily figures: money in adds the days money came in; money out adds the days it went out.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily figures; the Source column names any missing day.

Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Oct 21, 2026. Updated every trading night. Last checked Oct 22, 2026. Report a data error

ETNG key stats

High since May 12, 2026, daily closes to Oct 21, 2026 (ETFIQ)$16.43 on Aug 12, 2026
Low since May 12, 2026, daily closes to Oct 21, 2026 (ETFIQ)$10.35 on Jul 29, 2026
Close on Oct 21, 2026, within that range (ETFIQ)$11.34, 16% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

About ETNG

Of that 7.4, daily compounding is −4.4 points, which any 2 times fund would show over the same path, and the fund itself is −3.0 points against 2 times each day's move, compounded.
Sets out to return+2 times the daily move of ETN, reset daily
Multiple a holder actually got over the window (ETFIQ)ETN moved −3.0% over this window, too little to read a multiple from
UnderlyingETN
Segmentsector or country, index
Net assets (issuer page, as of Oct 21, 2026)$681,000Report
Expense ratio (485BPOS XBRL, May 6, 2026)0.75%Report
First tradedMay 12, 2026
Underlying volatility over the window (ETFIQ)44% annualized
How we measure
Read the multiple against the whole window instead and 2 times ETN's −3.0% implies −6.0%, which makes ETNG look 7.4 points short. That is not the fund's objective, which is daily. ETNG aims to return +2 times ETN's move each day, then resets. Over one day it does that. Over longer periods the daily results compound, so the total is not +2 times the period's move: it is lower after a fall and recovery, and can be higher in a steady run. ETN moved at 44% annualized over that window. The more it moves, the further the two figures separate.
Returns are ETFIQ calculations from Tiingo end-of-day prices, distributions reinvested, measured against the underlying over exactly the same days. How these figures are computed

Questions people ask about ETNG

Did ETNG return +2 times ETN?
Over the three months to Oct 21, 2026, ETN moved −3.0% and ETNG returned −13.4%. 2 times that move is −6.0%, so the fund came out 7.4 points short of it. That is not its objective, which is daily. Against 2 times each day's move, compounded, it was 3.0 points short.
Why does ETNG not return +2 times over a year?
Because it resets daily. ETNG 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.
Sources and dates
Prices, ETNG and ETNTiingo end-of-day prices ↗
Fee, 0.75%SEC 485BPOS XBRL · May 6, 2026
Net assets, $681,000Issuer page · Oct 21, 2026
IssuerLeverage Shares website ↗
All fund filingsFund filings on SEC EDGAR ↗
SourceSEC investment company series and class file, which lists every registered fund ↗
Leverage Shares’s own site ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement.

How these figures are computed →Standards and sources →Open data →
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ETFIQ, ETNG, leveraged ETFs, data as of Oct 21, 2026. https://etfiq.com/funds/etng

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Stated multiple
What the fund sets out to return against its underlying, each day. A fund at 2x aims to return twice the underlying’s daily move, and an inverse fund at -2x aims to return twice it in the opposite direction.
Daily reset
The fund starts each day aiming at the multiple again, from wherever it now stands. It is the mechanism that makes these funds behave as they do, and the reason the stated multiple applies to a day rather than to a holding period.
Compounding
Daily results multiply together rather than adding up. Two days of the multiple is not twice the multiple, and over a run of days the difference between the two grows with how far the underlying moves about.
Decay
What compounding costs a holder when the underlying falls and rises back to where it started. The underlying is level and the fund is down; the more violently it moved, the further down.
Difference against the stated multiple
The fund’s return minus the stated multiple times the underlying’s return, in percentage points. The one figure that says whether a holder got what the fund’s own multiple describes.
Full definitions: leveraged ETFs vocabulary page. →
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ETNG: ETNG returned −13.4% while 2 times ETN's move would have been −6.0%. Figures from Jul 22, 2026 to Oct 21, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/etng"><img src="https://etfiq.com/assistant/api/embed/leverage/etng.svg" alt="ETNG: ETNG returned −13.4% while 2 times ETN&#x27;s move would have been −6.0%. Figures from Jul 22, 2026 to Oct 21, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">ETNG: ETNG returned −13.4% while 2 times ETN&#x27;s move would have been −6.0%. Figures from Jul 22, 2026 to Oct 21, 2026. Data: <a href="https://etfiq.com/funds/etng">ETFIQ</a></figcaption>
</figure>

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