# SNDG (Leverage Shares 2X Long SNDK Daily ETF)

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

Three months to Sep 30, 2026: SNDG returned −49.9% where its own daily promise gave −47.7%, 2.2 points short.

## Key facts

- SNDG, what SNDK did: −14.4%, as of Sep 30, 2026.
- SNDG, what 2 times a day gives: −47.7%, as of Sep 30, 2026.
- SNDG, what the fund returned: −49.9%, as of Sep 30, 2026.
- SNDG, the fund itself cost: −2.2 pts, as of Sep 30, 2026.
- SNDG, net assets: $105m (issuer page, as of Sep 29, 2026).
- SNDG, expense ratio: 0.75% (485BPOS XBRL, May 6, 2026).

## SNDG over each window to Sep 30, 2026

| Window | Fund | SNDK | +2x the move | Difference | SNDK moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +16.3% | +11.1% | +22.1% | −5.8 pts | 73% |
| 3 months | −49.9% | −14.4% | −28.8% | −21.1 pts | 117% |
| Since launch | −20.9% | +19.8% | +39.7% | −60.6 pts | 119% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of SNDK, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +3.47 times, against +2 stated | ETFIQ |
| Underlying | SNDK | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $105m | issuer page, as of Sep 29, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, May 6, 2026 |
| Launched | May 12, 2026 | ETFIQ |
| Underlying volatility over the window | 117% annualized | ETFIQ |

## Questions

### Did SNDG return +2 times SNDK?

Over the window to Sep 30, 2026, SNDK moved −14.4% and SNDG returned −49.9%. 2 times that move is −28.8%, so the fund came out 21.1 points short of it.

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

Because it resets daily. SNDG 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 SNDK ETF tracked its stated multiple most closely?

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

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