# OPEG (Leverage Shares 2X Long OPEN Daily ETF)

Leverage Shares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: OPEG returned −80.8% where its own daily promise gave −79.8%, 1.1 points short.

## Key facts

- OPEG, what OPEN did: −52.0%, as of Sep 30, 2026.
- OPEG, what 2 times a day gives: −79.8%, as of Sep 30, 2026.
- OPEG, what the fund returned: −80.8%, as of Sep 30, 2026.
- OPEG, the fund itself cost: −1.1 pts, as of Sep 30, 2026.
- OPEG, net assets: $1m (issuer page, as of Sep 29, 2026).
- OPEG, expense ratio: 0.75% (485BPOS XBRL, Dec 9, 2025).

## OPEG over each window to Sep 30, 2026

| Window | Fund | OPEN | +2x the move | Difference | OPEN moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −48.4% | −25.9% | −51.9% | +3.5 pts | 48% |
| 3 months | −80.8% | −52.0% | −104.0% | +23.2 pts | 67% |
| 6 months | −81.0% | −48.1% | −96.3% | +15.3 pts | 66% |
| Since launch | −93.7% | −66.4% | −132.8% | +39.0 pts | 71% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of OPEN, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.55 times, against +2 stated | ETFIQ |
| Underlying | OPEN | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $1m | issuer page, as of Sep 29, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Dec 9, 2025 |
| Launched | Dec 11, 2025 | ETFIQ |
| Underlying volatility over the window | 67% annualized | ETFIQ |

## Questions

### Did OPEG return +2 times OPEN?

Over the window to Sep 30, 2026, OPEN moved −52.0% and OPEG returned −80.8%. 2 times that move is −104.0%, so the fund came out 23.2 points ahead of it.

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

Because it resets daily. OPEG 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.

### Which +2x OPEN ETF tracked its stated multiple most closely?

2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the figure itself.


## Cite this page

ETFIQ, OPEG, data as of Sep 30, 2026. https://etfiq.com/funds/opeg
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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