# SPOG (Leverage Shares 2X Long SPOT Daily ETF)

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

Three months to Oct 2, 2026: SPOG returned −11.2% where its own daily promise gave −8.8%, 2.5 points short.

## Key facts

- SPOG, what SPOT did: −2.7%, as of Oct 2, 2026.
- SPOG, what 2 times a day gives: −8.8%, as of Oct 2, 2026.
- SPOG, what the fund returned: −11.2%, as of Oct 2, 2026.
- SPOG, the fund itself cost: −2.5 pts, as of Oct 2, 2026.
- SPOG, net assets: $3m (issuer page, as of Oct 1, 2026).
- SPOG, expense ratio: 0.75% (485BPOS XBRL, Oct 31, 2025).

## SPOG over each window to Oct 2, 2026

| Window | Fund | SPOT | +2x the move | Difference | SPOT moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −30.5% | −15.5% | −30.9% | +0.4 pts | 36% |
| 3 months | −11.2% | −2.7% | −5.4% | −5.9 pts | 38% |
| 6 months | −20.1% | −3.3% | −6.6% | −13.5 pts | 45% |
| Since launch | −59.5% | −26.2% | −52.4% | −7.1 pts | 47% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of SPOT, reset daily | ETFIQ |
| Multiple a holder actually got over the window | SPOT moved −2.7% over this window, too little to read a multiple from | ETFIQ |
| Underlying | SPOT | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $3m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Oct 31, 2025 |
| Launched | Nov 17, 2025 | ETFIQ |
| Underlying volatility over the window | 38% annualized | ETFIQ |

## Questions

### Did SPOG return +2 times SPOT?

Over the window to Oct 2, 2026, SPOT moved −2.7% and SPOG returned −11.2%. 2 times that move is −5.4%, so the fund came out 5.9 points short of it.

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

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.


## Cite this page

ETFIQ, SPOG, data as of Oct 2, 2026. https://etfiq.com/funds/spog
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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