{
 "ticker": "GEMG",
 "name": "Leverage Shares 2X Long GEMI Daily ETF",
 "issuer": "Leverage Shares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/gemg",
 "html": "https://etfiq.com/funds/gemg",
 "markdown": "https://etfiq.com/funds/gemg.md",
 "as_of": "2026-10-02",
 "verdict": "Three months to Oct 2, 2026: GEMG returned \u22129.3% where its own daily promise gave \u22122.7%, 6.6 points short.",
 "key_facts": [
  {
   "key": "what_gemi_did",
   "label": "What GEMI did",
   "value": "+10.4%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "GEMG, what GEMI did: +10.4%, as of Oct 2, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u22122.7%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "GEMG, what 2 times a day gives: \u22122.7%, as of Oct 2, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u22129.3%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "GEMG, what the fund returned: \u22129.3%, as of Oct 2, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22126.6 pts",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "GEMG, the fund itself cost: \u22126.6 pts, as of Oct 2, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$1m",
   "source": "issuer page, as of Oct 1, 2026",
   "as_of": "2026-10-02",
   "sentence": "GEMG, net assets: $1m (issuer page, as of Oct 1, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, Oct 31, 2025",
   "as_of": "2026-10-02",
   "sentence": "GEMG, expense ratio: 0.75% (485BPOS XBRL, Oct 31, 2025)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of GEMI, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "-0.9 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "GEMI",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$1m",
   "source": "issuer page, as of Oct 1, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, Oct 31, 2025"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Nov 5, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "102% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+2.9%",
   "GEMI": "+8.9%",
   "+2x the move": "+17.7%",
   "Difference": "\u221214.8 pts",
   "GEMI moved about": "135%"
  },
  {
   "window": "3 months",
   "Fund": "\u22129.3%",
   "GEMI": "+10.4%",
   "+2x the move": "+20.8%",
   "Difference": "\u221230.1 pts",
   "GEMI moved about": "102%"
  },
  {
   "window": "6 months",
   "Fund": "\u221230.1%",
   "GEMI": "+8.9%",
   "+2x the move": "+17.7%",
   "Difference": "\u221247.8 pts",
   "GEMI moved about": "96%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221297.7%",
   "GEMI": "\u221272.3%",
   "+2x the move": "\u2212144.6%",
   "Difference": "+47.0 pts",
   "GEMI moved about": "108%"
  }
 ],
 "questions": [
  {
   "q": "Did GEMG return +2 times GEMI?",
   "a": "Over the window to Oct 2, 2026, GEMI moved +10.4% and GEMG returned \u22129.3%. 2 times that move is +20.8%, so the fund came out 30.1 points short of it."
  },
  {
   "q": "Why does GEMG not return +2 times over a year?",
   "a": "Because it resets daily. GEMG 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)."
}