# KLAG (Leverage Shares 2X Long KLAC Daily ETF)

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

Three months to Oct 2, 2026: KLAG returned −30.1% where its own daily promise gave −28.6%, 1.5 points short.

## Key facts

- KLAG, what KLAC did: −12.1%, as of Oct 2, 2026.
- KLAG, what 2 times a day gives: −28.6%, as of Oct 2, 2026.
- KLAG, what the fund returned: −30.1%, as of Oct 2, 2026.
- KLAG, the fund itself cost: −1.5 pts, as of Oct 2, 2026.
- KLAG, net assets: $19m (issuer page, as of Oct 1, 2026).
- KLAG, expense ratio: 0.75% (485BPOS XBRL, Dec 9, 2025).

## KLAG over each window to Oct 2, 2026

| Window | Fund | KLAC | +2x the move | Difference | KLAC moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +40.3% | +20.1% | +40.2% | +0.1 pts | 47% |
| 3 months | −30.1% | −12.1% | −24.1% | −5.9 pts | 54% |
| 6 months | +39.8% | +36.7% | +73.5% | −33.7 pts | 68% |
| Since launch | +88.0% | +69.9% | +139.8% | −51.8 pts | 65% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of KLAC, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.49 times, against +2 stated | ETFIQ |
| Underlying | KLAC | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $19m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Dec 9, 2025 |
| Launched | Dec 18, 2025 | ETFIQ |
| Underlying volatility over the window | 54% annualized | ETFIQ |

## Questions

### Did KLAG return +2 times KLAC?

Over the window to Oct 2, 2026, KLAC moved −12.1% and KLAG returned −30.1%. 2 times that move is −24.1%, so the fund came out 5.9 points short of it.

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

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

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