# RAML (Leverage Shares 2X Long Memory Daily ETF)

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

One month to Sep 30, 2026: RAML returned +8.3% where its own daily promise gave +9.9%, 1.6 points short.

## Key facts

- RAML, what DRAM did: +6.1%, as of Sep 30, 2026.
- RAML, what 2 times a day gives: +9.9%, as of Sep 30, 2026.
- RAML, what the fund returned: +8.3%, as of Sep 30, 2026.
- RAML, the fund itself cost: −1.6 pts, as of Sep 30, 2026.
- RAML, net assets: $2m (issuer page, as of Sep 29, 2026).
- RAML, expense ratio: 0.99% (485BPOS XBRL, Jul 21, 2026).

## RAML over each window to Sep 30, 2026

| Window | Fund | DRAM | +2x the move | Difference | DRAM moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +8.3% | +6.1% | +12.2% | −3.8 pts | 52% |
| Since launch | −6.4% | +3.5% | +7.1% | −13.4 pts | 75% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of DRAM, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.37 times, against +2 stated | ETFIQ |
| Underlying | DRAM | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $2m | issuer page, as of Sep 29, 2026 |
| Expense ratio | 0.99% | 485BPOS XBRL, Jul 21, 2026 |
| Launched | Jul 23, 2026 | ETFIQ |
| Underlying volatility over the window | 52% annualized | ETFIQ |

## Questions

### Did RAML return +2 times DRAM?

Over the window to Sep 30, 2026, DRAM moved +6.1% and RAML returned +8.3%. 2 times that move is +12.2%, so the fund came out 3.8 points short of it.

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

Because it resets daily. RAML 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 DRAM ETF tracked its stated multiple most closely?

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

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