# NIOG (Leverage Shares 2X Long NIO Daily ETF)

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

Three months to Oct 2, 2026: NIOG returned −53.5% where its own daily promise gave −52.1%, 1.4 points short.

## Key facts

- NIOG, what NIO did: −29.6%, as of Oct 2, 2026.
- NIOG, what 2 times a day gives: −52.1%, as of Oct 2, 2026.
- NIOG, what the fund returned: −53.5%, as of Oct 2, 2026.
- NIOG, the fund itself cost: −1.4 pts, as of Oct 2, 2026.
- NIOG, net assets: $3m (issuer page, as of Oct 1, 2026).
- NIOG, expense ratio: 0.75% (485BPOS XBRL, Dec 11, 2025).

## NIOG over each window to Oct 2, 2026

| Window | Fund | NIO | +2x the move | Difference | NIO moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −25.1% | −12.7% | −25.4% | +0.3 pts | 28% |
| 3 months | −53.5% | −29.6% | −59.3% | +5.8 pts | 34% |
| 6 months | −75.5% | −46.5% | −93.0% | +17.5 pts | 45% |
| Since launch | −65.3% | −31.6% | −63.3% | −2.0 pts | 52% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of NIO, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.8 times, against +2 stated | ETFIQ |
| Underlying | NIO | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $3m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Dec 11, 2025 |
| Launched | Dec 18, 2025 | ETFIQ |
| Underlying volatility over the window | 34% annualized | ETFIQ |

## Questions

### Did NIOG return +2 times NIO?

Over the window to Oct 2, 2026, NIO moved −29.6% and NIOG returned −53.5%. 2 times that move is −59.3%, so the fund came out 5.8 points ahead of it.

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

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

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