# FCXG (Leverage Shares 2X Long FCX Daily ETF)

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

Three months to Oct 2, 2026: FCXG returned +29.3% where its own daily promise gave +33.3%, 4.0 points short.

## Key facts

- FCXG, what FCX did: +18.4%, as of Oct 2, 2026.
- FCXG, what 2 times a day gives: +33.3%, as of Oct 2, 2026.
- FCXG, what the fund returned: +29.3%, as of Oct 2, 2026.
- FCXG, the fund itself cost: −4.0 pts, as of Oct 2, 2026.
- FCXG, net assets: $4m (issuer page, as of Oct 1, 2026).
- FCXG, expense ratio: 0.75% (485BPOS XBRL, Jan 9, 2026).

## FCXG over each window to Oct 2, 2026

| Window | Fund | FCX | +2x the move | Difference | FCX moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −7.3% | −2.6% | −5.1% | −2.2 pts | 39% |
| 3 months | +29.3% | +18.4% | +36.9% | −7.6 pts | 46% |
| 6 months | +14.0% | +17.9% | +35.8% | −21.9 pts | 51% |
| Since launch | +4.1% | +15.7% | +31.3% | −27.2 pts | 51% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of FCX, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.59 times, against +2 stated | ETFIQ |
| Underlying | FCX | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $4m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Jan 9, 2026 |
| Launched | Feb 19, 2026 | ETFIQ |
| Underlying volatility over the window | 46% annualized | ETFIQ |

## Questions

### Did FCXG return +2 times FCX?

Over the window to Oct 2, 2026, FCX moved +18.4% and FCXG returned +29.3%. 2 times that move is +36.9%, so the fund came out 7.6 points short of it.

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

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

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