# HPEL (Leverage Shares 2X Long HPE Daily ETF)

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

Three months to Oct 2, 2026: HPEL returned +147.5% where its own daily promise gave +155.1%, 7.5 points short.

## Key facts

- HPEL, what HPE did: +68.5%, as of Oct 2, 2026.
- HPEL, what 2 times a day gives: +155.1%, as of Oct 2, 2026.
- HPEL, what the fund returned: +147.5%, as of Oct 2, 2026.
- HPEL, the fund itself cost: −7.5 pts, as of Oct 2, 2026.
- HPEL, net assets: $11m (issuer page, as of Oct 1, 2026).
- HPEL, expense ratio: 0.99% (485BPOS XBRL, Jun 9, 2026).

## HPEL over each window to Oct 2, 2026

| Window | Fund | HPE | +2x the move | Difference | HPE moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +67.5% | +34.1% | +68.2% | −0.7 pts | 81% |
| 3 months | +147.5% | +68.5% | +137.1% | +10.4 pts | 65% |
| Since launch | +71.3% | +42.0% | +84.1% | −12.8 pts | 66% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of HPE, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.15 times, against +2 stated | ETFIQ |
| Underlying | HPE | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $11m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.99% | 485BPOS XBRL, Jun 9, 2026 |
| Launched | Jun 23, 2026 | ETFIQ |
| Underlying volatility over the window | 65% annualized | ETFIQ |

## Questions

### Did HPEL return +2 times HPE?

Over the window to Oct 2, 2026, HPE moved +68.5% and HPEL returned +147.5%. 2 times that move is +137.1%, so the fund came out 10.4 points ahead of it.

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

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

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