# NEMG (Leverage Shares 2X Long NEM Daily ETF)

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

Three months to Oct 2, 2026: NEMG returned +32.6% where its own daily promise gave +36.0%, 3.4 points short.

## Key facts

- NEMG, what NEM did: +19.3%, as of Oct 2, 2026.
- NEMG, what 2 times a day gives: +36.0%, as of Oct 2, 2026.
- NEMG, what the fund returned: +32.6%, as of Oct 2, 2026.
- NEMG, the fund itself cost: −3.4 pts, as of Oct 2, 2026.
- NEMG, net assets: $1m (issuer page, as of Oct 1, 2026).
- NEMG, expense ratio: 0.75% (485BPOS XBRL, Aug 1, 2025).

## NEMG over each window to Oct 2, 2026

| Window | Fund | NEM | +2x the move | Difference | NEM moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −16.1% | −7.5% | −15.0% | −1.1 pts | 33% |
| 3 months | +32.6% | +19.3% | +38.6% | −6.1 pts | 43% |
| 6 months | −12.5% | +1.8% | +3.5% | −16.0 pts | 47% |
| Since launch | +31.3% | +33.9% | +67.9% | −36.5 pts | 49% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of NEM, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.69 times, against +2 stated | ETFIQ |
| Underlying | NEM | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $1m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Aug 1, 2025 |
| Launched | Nov 17, 2025 | ETFIQ |
| Underlying volatility over the window | 43% annualized | ETFIQ |

## Questions

### Did NEMG return +2 times NEM?

Over the window to Oct 2, 2026, NEM moved +19.3% and NEMG returned +32.6%. 2 times that move is +38.6%, so the fund came out 6.1 points short of it.

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

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

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