# PLUL (Leverage Shares 2X Long PLUG Daily ETF)

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

Three months to Oct 2, 2026: PLUL returned −54.8% where its own daily promise gave −52.1%, 2.7 points short.

## Key facts

- PLUL, what PLUG did: −28.0%, as of Oct 2, 2026.
- PLUL, what 2 times a day gives: −52.1%, as of Oct 2, 2026.
- PLUL, what the fund returned: −54.8%, as of Oct 2, 2026.
- PLUL, the fund itself cost: −2.7 pts, as of Oct 2, 2026.
- PLUL, net assets: $3m (issuer page, as of Oct 1, 2026).
- PLUL, expense ratio: 0.75% (485BPOS XBRL, Jan 9, 2026).

## PLUL over each window to Oct 2, 2026

| Window | Fund | PLUG | +2x the move | Difference | PLUG moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −20.8% | −9.1% | −18.2% | −2.7 pts | 44% |
| 3 months | −54.8% | −28.0% | −56.1% | +1.3 pts | 55% |
| 6 months | −57.0% | −21.2% | −42.3% | −14.7 pts | 74% |
| Since launch | −61.4% | −16.7% | −33.3% | −28.1 pts | 82% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of PLUG, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.96 times, against +2 stated | ETFIQ |
| Underlying | PLUG | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $3m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Jan 9, 2026 |
| Launched | Jan 13, 2026 | ETFIQ |
| Underlying volatility over the window | 55% annualized | ETFIQ |

## Questions

### Did PLUL return +2 times PLUG?

Over the window to Oct 2, 2026, PLUG moved −28.0% and PLUL returned −54.8%. 2 times that move is −56.1%, so the fund came out 1.3 points ahead of it.

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

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

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