{
 "ticker": "ETNG",
 "name": "Leverage Shares 2X Long ETN Daily ETF",
 "issuer": "Leverage Shares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/etng",
 "html": "https://etfiq.com/funds/etng",
 "markdown": "https://etfiq.com/funds/etng.md",
 "as_of": "2026-10-21",
 "verdict": "Over the three months to Oct 21, 2026, ETNG lost 13.4%, against \u221210.3% for twice ETN's daily moves.",
 "promise": {
  "badge": "partly",
  "label": "Partly",
  "category": "leverage",
  "sentence": "Over three months to Oct 21, 2026, ETNG finished 3.0 points behind twice ETN's daily moves, compounded.",
  "figure": -3.0,
  "unit": "points",
  "from": "2026-07-22",
  "to": "2026-10-21",
  "url": "https://etfiq.com/promise-index/leverage/"
 },
 "key_facts": [
  {
   "key": "what_etn_did",
   "label": "What ETN did",
   "value": "\u22123.0%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "ETNG, what ETN did: \u22123.0%, as of Oct 21, 2026.",
   "cite": {
    "value": "\u22123.0%",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/etng#fact-what-etn-did",
    "text": "ETNG, what ETN did: \u22123.0%, as of Oct 21, 2026."
   }
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u221210.3%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "ETNG, what 2 times a day gives: \u221210.3%, as of Oct 21, 2026.",
   "cite": {
    "value": "\u221210.3%",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/etng#fact-what-2-times-a-day-gives",
    "text": "ETNG, what 2 times a day gives: \u221210.3%, as of Oct 21, 2026."
   }
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221213.4%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "ETNG, what the fund returned: \u221213.4%, as of Oct 21, 2026.",
   "cite": {
    "value": "\u221213.4%",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/etng#fact-what-the-fund-returned",
    "text": "ETNG, what the fund returned: \u221213.4%, as of Oct 21, 2026."
   }
  },
  {
   "key": "gap_to_2_times_a_day",
   "label": "Gap to 2 times a day",
   "value": "\u22123.0 pts",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "ETNG, gap to 2 times a day: \u22123.0 pts, as of Oct 21, 2026.",
   "cite": {
    "value": "\u22123.0 pts",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/etng#fact-gap-to-2-times-a-day",
    "text": "ETNG, gap to 2 times a day: \u22123.0 pts, as of Oct 21, 2026."
   }
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$681,000",
   "source": "issuer page, as of Oct 21, 2026",
   "as_of": "2026-10-21",
   "sentence": "ETNG, net assets: $681,000 (issuer page, as of Oct 21, 2026).",
   "cite": {
    "value": "$681,000",
    "as_of": "2026-10-21",
    "source": "issuer page, as of Oct 21, 2026",
    "url": "https://etfiq.com/funds/etng#fact-net-assets",
    "text": "ETNG, net assets: $681,000 (issuer page, as of Oct 21, 2026)."
   }
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, May 6, 2026",
   "as_of": "2026-05-06",
   "sentence": "ETNG, expense ratio: 0.75% (485BPOS XBRL, May 6, 2026).",
   "cite": {
    "value": "0.75%",
    "as_of": "2026-05-06",
    "source": "485BPOS XBRL, May 6, 2026",
    "url": "https://etfiq.com/funds/etng#fact-expense-ratio",
    "text": "ETNG, expense ratio: 0.75% (485BPOS XBRL, May 6, 2026)."
   }
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of ETN, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "ETN moved \u22123.0% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "ETN",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, index",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$681,000",
   "source": "issuer page, as of Oct 21, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, May 6, 2026"
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "May 12, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "44% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Total return": "\u221219.8%",
   "ETN": "\u22129.5%",
   "+2x the move": "\u221219.0%",
   "Difference": "\u22120.8 pts",
   "ETN moved about, annualized": "30%"
  },
  {
   "window": "3 months",
   "Total return": "\u221213.4%",
   "ETN": "\u22123.0%",
   "+2x the move": "\u22126.0%",
   "Difference": "\u22127.4 pts",
   "ETN moved about, annualized": "44%"
  },
  {
   "window": "Since launch",
   "Total return": "\u221217.8%",
   "ETN": "\u22121.6%",
   "+2x the move": "\u22123.2%",
   "Difference": "\u221214.6 pts",
   "ETN moved about, annualized": "45%"
  }
 ],
 "questions": [
  {
   "q": "Did ETNG return +2 times ETN?",
   "a": "Over the three months to Oct 21, 2026, ETN moved \u22123.0% and ETNG returned \u221213.4%. 2 times that move is \u22126.0%, 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."
  },
  {
   "q": "Why does ETNG not return +2 times over a year?",
   "a": "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."
  }
 ],
 "key_stats": [
  {
   "key": "high52",
   "label": "High since May 12, 2026, daily closes to Oct 21, 2026",
   "value": "$16.43 on Aug 12, 2026",
   "as_of": "2026-08-12",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 16.4289,
   "window": {
    "from": "2026-05-12",
    "to": "2026-10-21"
   }
  },
  {
   "key": "low52",
   "label": "Low since May 12, 2026, daily closes to Oct 21, 2026",
   "value": "$10.35 on Jul 29, 2026",
   "as_of": "2026-07-29",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 10.3518,
   "window": {
    "from": "2026-05-12",
    "to": "2026-10-21"
   }
  },
  {
   "key": "inrange",
   "label": "Close on Oct 21, 2026, within that range",
   "value": "$11.34, 16% of the way from the low to the high",
   "as_of": "2026-10-21",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 11.34
  }
 ],
 "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/etng.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, ETNG, leveraged ETFs, data as of Oct 21, 2026. https://etfiq.com/funds/etng"
}