# SMTG (Leverage Shares 2X Long SMTC Daily ETF)

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

Three months to Oct 2, 2026: SMTG returned +60.2% where its own daily promise gave +65.9%, 5.6 points short.

## Key facts

- SMTG, what SMTC did: +44.1%, as of Oct 2, 2026.
- SMTG, what 2 times a day gives: +65.9%, as of Oct 2, 2026.
- SMTG, what the fund returned: +60.2%, as of Oct 2, 2026.
- SMTG, the fund itself cost: −5.6 pts, as of Oct 2, 2026.
- SMTG, net assets: $6m (issuer page, as of Oct 1, 2026).
- SMTG, expense ratio: 0.99% (485BPOS XBRL, Jun 9, 2026).

## SMTG over each window to Oct 2, 2026

| Window | Fund | SMTC | +2x the move | Difference | SMTC moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +96.1% | +45.6% | +91.2% | +4.9 pts | 85% |
| 3 months | +60.2% | +44.1% | +88.1% | −27.9 pts | 93% |
| Since launch | +4.1% | +19.4% | +38.7% | −34.6 pts | 94% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of SMTC, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.37 times, against +2 stated | ETFIQ |
| Underlying | SMTC | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $6m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.99% | 485BPOS XBRL, Jun 9, 2026 |
| Launched | Jun 23, 2026 | ETFIQ |
| Underlying volatility over the window | 93% annualized | ETFIQ |

## Questions

### Did SMTG return +2 times SMTC?

Over the window to Oct 2, 2026, SMTC moved +44.1% and SMTG returned +60.2%. 2 times that move is +88.1%, so the fund came out 27.9 points short of it.

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

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

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