# FLEL (Leverage Shares 2X Long FLEX Daily ETF)

Leverage Shares · Leveraged ETFs · data as of Oct 9, 2026

One month to Oct 9, 2026: FLEL returned +9.1% where its own daily promise gave +10.7%, 1.6 points short.

## Key facts

- FLEL, what FLEX did: +6.3%, as of Oct 9, 2026.
- FLEL, what 2 times a day gives: +10.7%, as of Oct 9, 2026.
- FLEL, what the fund returned: +9.1%, as of Oct 9, 2026.
- FLEL, the fund itself cost: −1.6 pts, as of Oct 9, 2026.
- FLEL, net assets: $128,800 (issuer page, as of Oct 8, 2026).
- FLEL, expense ratio: 0.99% (issuer page, Oct 10, 2026).

## FLEL over each window to Oct 9, 2026

| Window | Fund | FLEX | +2x the move | Difference | FLEX moved about, annualized |
| --- | --- | --- | --- | --- | --- |
| 1 month | +9.1% | +6.3% | +12.7% | −3.6 pts | 50% |
| Since launch | +6.0% | +6.0% | +12.0% | −6.1 pts | 46% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of FLEX, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.43 times, against +2 stated | ETFIQ |
| Underlying | FLEX | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $128,800 | issuer page, as of Oct 8, 2026 |
| Expense ratio | 0.99% | issuer page, Oct 10, 2026 |
| First traded | Aug 19, 2026 | ETFIQ |
| Underlying volatility over the window | 50% annualized | ETFIQ |

## Money in and out, to Oct 8, 2026

Monthly figures only. Oct 2026: $0, from ETFIQ, the sum of its days, Oct 6 to Oct 8.

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/flel.json. Method: https://etfiq.com/methodology/flows

## Questions

### Did FLEL return +2 times FLEX?

Over the month to Oct 9, 2026, FLEX moved +6.3% and FLEL returned +9.1%. 2 times that move is +12.7%, so the fund came out 3.6 points short of it. Against its own daily promise, 2 times each day's move compounded, it was 1.6 points short.

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

Because it resets daily. FLEL 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, FLEL, leveraged ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/flel
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/flel  ·  JSON: https://etfiq.com/funds/flel.json