{
 "ticker": "SPOG",
 "name": "Leverage Shares 2X Long SPOT Daily ETF",
 "issuer": "Leverage Shares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/spog",
 "html": "https://etfiq.com/funds/spog",
 "markdown": "https://etfiq.com/funds/spog.md",
 "as_of": "2026-10-02",
 "verdict": "Three months to Oct 2, 2026: SPOG returned \u221211.2% where its own daily promise gave \u22128.8%, 2.5 points short.",
 "key_facts": [
  {
   "key": "what_spot_did",
   "label": "What SPOT did",
   "value": "\u22122.7%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "SPOG, what SPOT did: \u22122.7%, as of Oct 2, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u22128.8%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "SPOG, what 2 times a day gives: \u22128.8%, as of Oct 2, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221211.2%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "SPOG, what the fund returned: \u221211.2%, as of Oct 2, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.5 pts",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "SPOG, the fund itself cost: \u22122.5 pts, as of Oct 2, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$3m",
   "source": "issuer page, as of Oct 1, 2026",
   "as_of": "2026-10-02",
   "sentence": "SPOG, net assets: $3m (issuer page, as of Oct 1, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, Oct 31, 2025",
   "as_of": "2026-10-02",
   "sentence": "SPOG, expense ratio: 0.75% (485BPOS XBRL, Oct 31, 2025)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of SPOT, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "SPOT moved \u22122.7% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "SPOT",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$3m",
   "source": "issuer page, as of Oct 1, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, Oct 31, 2025"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Nov 17, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "38% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221230.5%",
   "SPOT": "\u221215.5%",
   "+2x the move": "\u221230.9%",
   "Difference": "+0.4 pts",
   "SPOT moved about": "36%"
  },
  {
   "window": "3 months",
   "Fund": "\u221211.2%",
   "SPOT": "\u22122.7%",
   "+2x the move": "\u22125.4%",
   "Difference": "\u22125.9 pts",
   "SPOT moved about": "38%"
  },
  {
   "window": "6 months",
   "Fund": "\u221220.1%",
   "SPOT": "\u22123.3%",
   "+2x the move": "\u22126.6%",
   "Difference": "\u221213.5 pts",
   "SPOT moved about": "45%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221259.5%",
   "SPOT": "\u221226.2%",
   "+2x the move": "\u221252.4%",
   "Difference": "\u22127.1 pts",
   "SPOT moved about": "47%"
  }
 ],
 "questions": [
  {
   "q": "Did SPOG return +2 times SPOT?",
   "a": "Over the window to Oct 2, 2026, SPOT moved \u22122.7% and SPOG returned \u221211.2%. 2 times that move is \u22125.4%, so the fund came out 5.9 points short of it."
  },
  {
   "q": "Why does SPOG not return +2 times over a year?",
   "a": "Because it resets daily. SPOG 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."
  }
 ],
 "generated": "2026-10-03",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}