# GRAG (Leverage Shares 2X Long GRAB Daily ETF)

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

Three months to Oct 2, 2026: GRAG returned −41.8% where its own daily promise gave −40.3%, 1.5 points short.

## Key facts

- GRAG, what GRAB did: −21.0%, as of Oct 2, 2026.
- GRAG, what 2 times a day gives: −40.3%, as of Oct 2, 2026.
- GRAG, what the fund returned: −41.8%, as of Oct 2, 2026.
- GRAG, the fund itself cost: −1.5 pts, as of Oct 2, 2026.
- GRAG, net assets: $3m (issuer page, as of Oct 1, 2026).
- GRAG, expense ratio: 0.75% (485BPOS XBRL, Dec 9, 2025).

## GRAG over each window to Oct 2, 2026

| Window | Fund | GRAB | +2x the move | Difference | GRAB moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −25.8% | −12.8% | −25.5% | −0.3 pts | 49% |
| 3 months | −41.8% | −21.0% | −42.1% | +0.3 pts | 41% |
| 6 months | −36.2% | −14.9% | −29.8% | −6.3 pts | 38% |
| Since launch | −71.3% | −40.5% | −81.1% | +9.8 pts | 37% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of GRAB, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.99 times, against +2 stated | ETFIQ |
| Underlying | GRAB | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $3m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Dec 9, 2025 |
| Launched | Dec 11, 2025 | ETFIQ |
| Underlying volatility over the window | 41% annualized | ETFIQ |

## Questions

### Did GRAG return +2 times GRAB?

Over the window to Oct 2, 2026, GRAB moved −21.0% and GRAG returned −41.8%. 2 times that move is −42.1%, so the fund came out 0.3 points ahead of it.

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

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

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