# ETNG (Leverage Shares 2X Long ETN Daily ETF)

Leverage Shares · Leveraged ETFs · data as of Oct 21, 2026

Promise check: Partly. Over three months to Oct 21, 2026, ETNG finished 3.0 points behind twice ETN's daily moves, compounded. https://etfiq.com/promise-index/leverage/

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

## Key facts

- ETNG, what ETN did: −3.0%, as of Oct 21, 2026.
- ETNG, what 2 times a day gives: −10.3%, as of Oct 21, 2026.
- ETNG, what the fund returned: −13.4%, as of Oct 21, 2026.
- ETNG, gap to 2 times a day: −3.0 pts, as of Oct 21, 2026.
- ETNG, net assets: $681,000 (issuer page, as of Oct 21, 2026).
- ETNG, expense ratio: 0.75% (485BPOS XBRL, May 6, 2026).

## ETNG over each window to Oct 21, 2026

| Window | Total return | ETN | +2x the move | Difference | ETN moved about, annualized |
| --- | --- | --- | --- | --- | --- |
| 1 month | −19.8% | −9.5% | −19.0% | −0.8 pts | 30% |
| 3 months | −13.4% | −3.0% | −6.0% | −7.4 pts | 44% |
| Since launch | −17.8% | −1.6% | −3.2% | −14.6 pts | 45% |

## ETNG key stats

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

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of ETN, reset daily | ETFIQ |
| Multiple a holder actually got over the window | ETN moved −3.0% over this window, too little to read a multiple from | ETFIQ |
| Underlying | ETN | ETFIQ |
| Segment | sector or country, index | ETFIQ |
| Net assets | $681,000 | issuer page, as of Oct 21, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, May 6, 2026 |
| First traded | May 12, 2026 | ETFIQ |
| Underlying volatility over the window | 44% annualized | ETFIQ |

## Money in and out, to Oct 21, 2026

| Window | Dates | Net flow |
| --- | --- | --- |
| 1 day | Oct 21, 2026 | $0 |

Daily counts start Oct 19, 2026, so these windows have no daily figure: 1 week, 1 month, 3 months, Year to date, 1 year.

Computed by ETFIQ from the change in shares outstanding times the previous day’s NAV. Every day and month: <https://etfiq.com/data/flows/funds/etng.json>. Method: https://etfiq.com/methodology/flows

## Questions

### 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.


## Cite this page

ETFIQ, ETNG, leveraged ETFs, data as of Oct 21, 2026. https://etfiq.com/funds/etng
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at <https://etfiq.com/data/>.

HTML: https://etfiq.com/funds/etng  ·  JSON: https://etfiq.com/funds/etng.json