# GEMG (Leverage Shares 2X Long GEMI Daily ETF)

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

Three months to Oct 2, 2026: GEMG returned −9.3% where its own daily promise gave −2.7%, 6.6 points short.

## Key facts

- GEMG, what GEMI did: +10.4%, as of Oct 2, 2026.
- GEMG, what 2 times a day gives: −2.7%, as of Oct 2, 2026.
- GEMG, what the fund returned: −9.3%, as of Oct 2, 2026.
- GEMG, the fund itself cost: −6.6 pts, as of Oct 2, 2026.
- GEMG, net assets: $1m (issuer page, as of Oct 1, 2026).
- GEMG, expense ratio: 0.75% (485BPOS XBRL, Oct 31, 2025).

## GEMG over each window to Oct 2, 2026

| Window | Fund | GEMI | +2x the move | Difference | GEMI moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +2.9% | +8.9% | +17.7% | −14.8 pts | 135% |
| 3 months | −9.3% | +10.4% | +20.8% | −30.1 pts | 102% |
| 6 months | −30.1% | +8.9% | +17.7% | −47.8 pts | 96% |
| Since launch | −97.7% | −72.3% | −144.6% | +47.0 pts | 108% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of GEMI, reset daily | ETFIQ |
| Multiple a holder actually got over the window | -0.9 times, against +2 stated | ETFIQ |
| Underlying | GEMI | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $1m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Oct 31, 2025 |
| Launched | Nov 5, 2025 | ETFIQ |
| Underlying volatility over the window | 102% annualized | ETFIQ |

## Questions

### Did GEMG return +2 times GEMI?

Over the window to Oct 2, 2026, GEMI moved +10.4% and GEMG returned −9.3%. 2 times that move is +20.8%, so the fund came out 30.1 points short of it.

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

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.


## Cite this page

ETFIQ, GEMG, data as of Oct 2, 2026. https://etfiq.com/funds/gemg
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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