# NUG (Leverage Shares 2X Long NU Daily ETF)

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

Three months to Oct 2, 2026: NUG returned −10.2% where its own daily promise gave −7.5%, 2.7 points short.

## Key facts

- NUG, what NU did: −1.3%, as of Oct 2, 2026.
- NUG, what 2 times a day gives: −7.5%, as of Oct 2, 2026.
- NUG, what the fund returned: −10.2%, as of Oct 2, 2026.
- NUG, the fund itself cost: −2.7 pts, as of Oct 2, 2026.
- NUG, net assets: $2m (issuer page, as of Oct 1, 2026).
- NUG, expense ratio: 0.75% (485BPOS XBRL, Oct 31, 2025).

## NUG over each window to Oct 2, 2026

| Window | Fund | NU | +2x the move | Difference | NU moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −26.1% | −12.8% | −25.6% | −0.5 pts | 47% |
| 3 months | −10.2% | −1.3% | −2.6% | −7.6 pts | 45% |
| 6 months | −22.7% | −5.1% | −10.2% | −12.5 pts | 42% |
| Since launch | −43.2% | −13.9% | −27.8% | −15.4 pts | 41% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of NU, reset daily | ETFIQ |
| Multiple a holder actually got over the window | NU moved −1.3% over this window, too little to read a multiple from | ETFIQ |
| Underlying | NU | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $2m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Oct 31, 2025 |
| Launched | Nov 17, 2025 | ETFIQ |
| Underlying volatility over the window | 45% annualized | ETFIQ |

## Questions

### Did NUG return +2 times NU?

Over the window to Oct 2, 2026, NU moved −1.3% and NUG returned −10.2%. 2 times that move is −2.6%, so the fund came out 7.6 points short of it.

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

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

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