{
 "ticker": "FPSX",
 "name": "Leverage Shares 2X Long FPS Daily ETF",
 "issuer": "Leverage Shares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/fpsx",
 "html": "https://etfiq.com/funds/fpsx",
 "markdown": "https://etfiq.com/funds/fpsx.md",
 "as_of": "2026-10-02",
 "verdict": "Three months to Oct 2, 2026: FPSX returned \u221240.8% where its own daily promise gave \u221237.6%, 3.2 points short.",
 "key_facts": [
  {
   "key": "what_fps_did",
   "label": "What FPS did",
   "value": "\u221213.9%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "FPSX, what FPS did: \u221213.9%, as of Oct 2, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u221237.6%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "FPSX, what 2 times a day gives: \u221237.6%, as of Oct 2, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221240.8%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "FPSX, what the fund returned: \u221240.8%, as of Oct 2, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22123.2 pts",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "FPSX, the fund itself cost: \u22123.2 pts, as of Oct 2, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$3m",
   "source": "issuer page, as of Oct 1, 2026",
   "as_of": "2026-10-02",
   "sentence": "FPSX, net assets: $3m (issuer page, as of Oct 1, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, May 6, 2026",
   "as_of": "2026-10-02",
   "sentence": "FPSX, 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 FPS, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+2.94 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "FPS",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$3m",
   "source": "issuer page, as of Oct 1, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, May 6, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jun 23, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "83% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+73.9%",
   "FPS": "+37.1%",
   "+2x the move": "+74.3%",
   "Difference": "\u22120.4 pts",
   "FPS moved about": "89%"
  },
  {
   "window": "3 months",
   "Fund": "\u221240.8%",
   "FPS": "\u221213.9%",
   "+2x the move": "\u221227.8%",
   "Difference": "\u221213.0 pts",
   "FPS moved about": "83%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221264.4%",
   "FPS": "\u221232.0%",
   "+2x the move": "\u221263.9%",
   "Difference": "\u22120.5 pts",
   "FPS moved about": "83%"
  }
 ],
 "questions": [
  {
   "q": "Did FPSX return +2 times FPS?",
   "a": "Over the window to Oct 2, 2026, FPS moved \u221213.9% and FPSX returned \u221240.8%. 2 times that move is \u221227.8%, so the fund came out 13.0 points short of it."
  },
  {
   "q": "Why does FPSX not return +2 times over a year?",
   "a": "Because it resets daily. FPSX 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."
  }
 ],
 "generated": "2026-10-03",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}