# LULG (Leverage Shares 2X Long LULU Daily ETF)

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

Three months to Oct 2, 2026: LULG returned −43.6% where its own daily promise gave −41.1%, 2.6 points short.

## Key facts

- LULG, what LULU did: −20.2%, as of Oct 2, 2026.
- LULG, what 2 times a day gives: −41.1%, as of Oct 2, 2026.
- LULG, what the fund returned: −43.6%, as of Oct 2, 2026.
- LULG, the fund itself cost: −2.6 pts, as of Oct 2, 2026.
- LULG, net assets: $10m (issuer page, as of Oct 1, 2026).
- LULG, expense ratio: 0.75% (485BPOS XBRL, Oct 23, 2025).

## LULG over each window to Oct 2, 2026

| Window | Fund | LULU | +2x the move | Difference | LULU moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −42.4% | −21.3% | −42.7% | +0.2 pts | 67% |
| 3 months | −43.6% | −20.2% | −40.5% | −3.2 pts | 49% |
| 6 months | −70.8% | −39.3% | −78.7% | +7.9 pts | 49% |
| Since launch | −77.5% | −43.6% | −87.3% | +9.7 pts | 46% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of LULU, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.16 times, against +2 stated | ETFIQ |
| Underlying | LULU | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $10m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Oct 23, 2025 |
| Launched | Nov 5, 2025 | ETFIQ |
| Underlying volatility over the window | 49% annualized | ETFIQ |

## Questions

### Did LULG return +2 times LULU?

Over the window to Oct 2, 2026, LULU moved −20.2% and LULG returned −43.6%. 2 times that move is −40.5%, so the fund came out 3.2 points short of it.

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

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

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