# VALG (Leverage Shares 2X Long VALE Daily ETF)

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

Three months to Oct 2, 2026: VALG returned −16.6% where its own daily promise gave −12.8%, 3.8 points short.

## Key facts

- VALG, what VALE did: −5.5%, as of Oct 2, 2026.
- VALG, what 2 times a day gives: −12.8%, as of Oct 2, 2026.
- VALG, what the fund returned: −16.6%, as of Oct 2, 2026.
- VALG, the fund itself cost: −3.8 pts, as of Oct 2, 2026.
- VALG, net assets: $214,950 (issuer page, as of Oct 1, 2026).
- VALG, expense ratio: 0.75% (485BPOS XBRL, Dec 9, 2025).

## VALG over each window to Oct 2, 2026

| Window | Fund | VALE | +2x the move | Difference | VALE moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −25.1% | −12.5% | −25.0% | −0.1 pts | 26% |
| 3 months | −16.6% | −5.5% | −11.1% | −5.5 pts | 30% |
| 6 months | −32.3% | −12.6% | −25.1% | −7.2 pts | 31% |
| Since launch | +0.2% | +10.9% | +21.7% | −21.6 pts | 35% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of VALE, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.99 times, against +2 stated | ETFIQ |
| Underlying | VALE | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $214,950 | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Dec 9, 2025 |
| Launched | Dec 18, 2025 | ETFIQ |
| Underlying volatility over the window | 30% annualized | ETFIQ |

## Questions

### Did VALG return +2 times VALE?

Over the window to Oct 2, 2026, VALE moved −5.5% and VALG returned −16.6%. 2 times that move is −11.1%, so the fund came out 5.5 points short of it.

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

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

HTML: https://etfiq.com/funds/valg  ·  JSON: https://etfiq.com/funds/valg.json