# PBRG (Leverage Shares 2X Long PBR Daily ETF)

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

Three months to Oct 2, 2026: PBRG returned +78.3% where its own daily promise gave +80.8%, 2.5 points short.

## Key facts

- PBRG, what PBR did: +36.4%, as of Oct 2, 2026.
- PBRG, what 2 times a day gives: +80.8%, as of Oct 2, 2026.
- PBRG, what the fund returned: +78.3%, as of Oct 2, 2026.
- PBRG, the fund itself cost: −2.5 pts, as of Oct 2, 2026.
- PBRG, net assets: $1m (issuer page, as of Oct 1, 2026).
- PBRG, expense ratio: 0.75% (485BPOS XBRL, Dec 9, 2025).

## PBRG over each window to Oct 2, 2026

| Window | Fund | PBR | +2x the move | Difference | PBR moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +5.7% | +3.8% | +7.6% | −1.8 pts | 30% |
| 3 months | +78.3% | +36.4% | +72.8% | +5.5 pts | 33% |
| 6 months | +8.6% | +8.3% | +16.7% | −8.1 pts | 34% |
| Since launch | +228.2% | +94.1% | +188.1% | +40.0 pts | 34% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of PBR, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.15 times, against +2 stated | ETFIQ |
| Underlying | PBR | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $1m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Dec 9, 2025 |
| Launched | Dec 18, 2025 | ETFIQ |
| Underlying volatility over the window | 33% annualized | ETFIQ |

## Questions

### Did PBRG return +2 times PBR?

Over the window to Oct 2, 2026, PBR moved +36.4% and PBRG returned +78.3%. 2 times that move is +72.8%, so the fund came out 5.5 points ahead of it.

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

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

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