# HONG (Leverage Shares 2X Long HON Daily ETF)

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

Three months to Oct 2, 2026: HONG returned −17.3% where its own daily promise gave −14.3%, 3.0 points short.

## Key facts

- HONG, what HON did: −6.6%, as of Oct 2, 2026.
- HONG, what 2 times a day gives: −14.3%, as of Oct 2, 2026.
- HONG, what the fund returned: −17.3%, as of Oct 2, 2026.
- HONG, the fund itself cost: −3.0 pts, as of Oct 2, 2026.
- HONG, net assets: $510,800 (issuer page, as of Oct 1, 2026).
- HONG, expense ratio: 0.75% (485BPOS XBRL, May 6, 2026).

## HONG over each window to Oct 2, 2026

| Window | Fund | HON | +2x the move | Difference | HON moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +6.3% | +3.8% | +7.7% | −1.4 pts | 16% |
| 3 months | −17.3% | −6.6% | −13.3% | −4.1 pts | 26% |
| Since launch | −14.6% | −5.8% | −11.7% | −2.9 pts | 31% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of HON, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.61 times, against +2 stated | ETFIQ |
| Underlying | HON | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $510,800 | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, May 6, 2026 |
| Launched | May 12, 2026 | ETFIQ |
| Underlying volatility over the window | 26% annualized | ETFIQ |

## Questions

### Did HONG return +2 times HON?

Over the window to Oct 2, 2026, HON moved −6.6% and HONG returned −17.3%. 2 times that move is −13.3%, so the fund came out 4.1 points short of it.

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

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

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