{
 "ticker": "XPEG",
 "name": "Leverage Shares 2X Long XPEV Daily ETF",
 "issuer": "Leverage Shares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/xpeg",
 "html": "https://etfiq.com/funds/xpeg",
 "markdown": "https://etfiq.com/funds/xpeg.md",
 "as_of": "2026-10-02",
 "verdict": "Three months to Oct 2, 2026: XPEG returned \u221253.8% where its own daily promise gave \u221252.1%, 1.6 points short.",
 "key_facts": [
  {
   "key": "what_xpev_did",
   "label": "What XPEV did",
   "value": "\u221229.3%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "XPEG, what XPEV did: \u221229.3%, as of Oct 2, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u221252.1%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "XPEG, what 2 times a day gives: \u221252.1%, as of Oct 2, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221253.8%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "XPEG, what the fund returned: \u221253.8%, as of Oct 2, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22121.6 pts",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "XPEG, the fund itself cost: \u22121.6 pts, as of Oct 2, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$1m",
   "source": "issuer page, as of Oct 1, 2026",
   "as_of": "2026-10-02",
   "sentence": "XPEG, net assets: $1m (issuer page, as of Oct 1, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, Jan 9, 2026",
   "as_of": "2026-10-02",
   "sentence": "XPEG, expense ratio: 0.75% (485BPOS XBRL, Jan 9, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of XPEV, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.84 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "XPEV",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$1m",
   "source": "issuer page, as of Oct 1, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, Jan 9, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jan 15, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "40% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221231.9%",
   "XPEV": "\u221216.5%",
   "+2x the move": "\u221233.0%",
   "Difference": "+1.2 pts",
   "XPEV moved about": "30%"
  },
  {
   "window": "3 months",
   "Fund": "\u221253.8%",
   "XPEV": "\u221229.3%",
   "+2x the move": "\u221258.6%",
   "Difference": "+4.8 pts",
   "XPEV moved about": "40%"
  },
  {
   "window": "6 months",
   "Fund": "\u221276.9%",
   "XPEV": "\u221247.7%",
   "+2x the move": "\u221295.5%",
   "Difference": "+18.5 pts",
   "XPEV moved about": "42%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221285.0%",
   "XPEV": "\u221255.7%",
   "+2x the move": "\u2212111.4%",
   "Difference": "+26.4 pts",
   "XPEV moved about": "46%"
  }
 ],
 "questions": [
  {
   "q": "Did XPEG return +2 times XPEV?",
   "a": "Over the window to Oct 2, 2026, XPEV moved \u221229.3% and XPEG returned \u221253.8%. 2 times that move is \u221258.6%, so the fund came out 4.8 points ahead of it."
  },
  {
   "q": "Why does XPEG not return +2 times over a year?",
   "a": "Because it resets daily. XPEG 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)."
}