# FOMG (Leverage Shares 2X Long FORM Daily ETF)

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

Three months to Oct 2, 2026: FOMG returned +10.9% where its own daily promise gave +16.9%, 6.0 points short.

## Key facts

- FOMG, what FORM did: +20.7%, as of Oct 2, 2026.
- FOMG, what 2 times a day gives: +16.9%, as of Oct 2, 2026.
- FOMG, what the fund returned: +10.9%, as of Oct 2, 2026.
- FOMG, the fund itself cost: −6.0 pts, as of Oct 2, 2026.
- FOMG, net assets: $1m (issuer page, as of Oct 1, 2026).
- FOMG, expense ratio: 0.75% (485BPOS XBRL, May 6, 2026).

## FOMG over each window to Oct 2, 2026

| Window | Fund | FORM | +2x the move | Difference | FORM moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +122.0% | +54.4% | +108.9% | +13.1 pts | 67% |
| 3 months | +10.9% | +20.7% | +41.4% | −30.4 pts | 96% |
| Since launch | −24.4% | +4.5% | +8.9% | −33.3 pts | 105% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of FORM, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +0.53 times, against +2 stated | ETFIQ |
| Underlying | FORM | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $1m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, May 6, 2026 |
| Launched | Jun 23, 2026 | ETFIQ |
| Underlying volatility over the window | 96% annualized | ETFIQ |

## Questions

### Did FOMG return +2 times FORM?

Over the window to Oct 2, 2026, FORM moved +20.7% and FOMG returned +10.9%. 2 times that move is +41.4%, so the fund came out 30.4 points short of it.

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

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

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