# MPG (Leverage Shares 2X Long MP Daily ETF)

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

Three months to Oct 2, 2026: MPG returned −32.1% where its own daily promise gave −29.9%, 2.2 points short.

## Key facts

- MPG, what MP did: −11.9%, as of Oct 2, 2026.
- MPG, what 2 times a day gives: −29.9%, as of Oct 2, 2026.
- MPG, what the fund returned: −32.1%, as of Oct 2, 2026.
- MPG, the fund itself cost: −2.2 pts, as of Oct 2, 2026.
- MPG, net assets: $5m (issuer page, as of Oct 1, 2026).
- MPG, expense ratio: 0.76% (485BPOS XBRL, Feb 27, 2026).

## MPG over each window to Oct 2, 2026

| Window | Fund | MP | +2x the move | Difference | MP moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −28.4% | −14.1% | −28.3% | −0.1 pts | 46% |
| 3 months | −32.1% | −11.9% | −23.8% | −8.3 pts | 64% |
| 6 months | −33.3% | −5.5% | −11.1% | −22.2 pts | 68% |
| Since launch | −71.7% | −28.4% | −56.7% | −15.0 pts | 71% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of MP, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.7 times, against +2 stated | ETFIQ |
| Underlying | MP | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $5m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.76% | 485BPOS XBRL, Feb 27, 2026 |
| Launched | Oct 27, 2025 | ETFIQ |
| Underlying volatility over the window | 64% annualized | ETFIQ |

## Questions

### Did MPG return +2 times MP?

Over the window to Oct 2, 2026, MP moved −11.9% and MPG returned −32.1%. 2 times that move is −23.8%, so the fund came out 8.3 points short of it.

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

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

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