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AALG

GradeCNASDAQ Global Market

Leverage Shares 2x Long AAL Daily ETF

Leveraged · Single-Stock Leveraged · LeverageShares · Inception 2025-07-11

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$10.50−0.31 (−2.87%)

As of Sep 23, 2026, 2:13 PM EDT

History starts Jul 11, 2025.
Intraday session: down, 30 prints from 10.81 to 10.50. Range 10.35 to 10.64. Use the arrow keys to read each point.$10.40$10.6010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$5M
1Y return
−13.3%
Yield · Last 12 months
Data unavailable
Holdings
5
Volume · 30D
0M sh
NAV per share
$10.75
52W range
low $7.07high $22.07

The ETF.net AALG Grade

C

40/ 100

Rank 134 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for AALG. Scores out of 100: Cost 67, Risk 65, Mission 91, Tradability 50, Holdings not scored, Durability 52. Strongest: Mission (91). Weakest: Tradability (50). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned62This cap took−22Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 67
    Category rank87/380 · top 23%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 91
    Category rank81/147 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 65
    Category rank75/285 · top 26%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 50
    Category rank173/380 · top 46%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 52
    Category rank186/380 · top 49%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on AALG

ETF.net Research

CThe single-stock leverage aisle is stacked with megacap tech. AALG points somewhere else: an airline. It targets 200% of American Airlines' daily move, reset every day, inside a registered 1940 Act ETF.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of American Airlines Group stock.

Why people hold it

  1. 01Costs 0.75% a year, below the going rate in the 2x single-stock crowd. Direxion's AAPU and GGLL charge 0.96% for the same basic job on different stocks.
  2. 02Does what the label says: aims for 200% of AAL's daily performance before fees, and has hit that daily target closely.
  3. 03Gets doubled-up airline exposure through an ordinary brokerage ticket. No margin account, no options chain, just a 1940 Act fund with a stated multiple.

Worth knowing

  1. 01The leverage resets daily. Hold past a day and choppy trading can leave the result well away from 2x the stock's move over that stretch.
  2. 02Small fund, light trading. That tends to mean wider spreads, and small funds in general carry a higher chance of being shut down.
  3. 03One airline stock, doubled. Fuel, labor deals and travel demand land here twice as hard in both directions, and the record only starts in 2025.

AALG Holdings

As of Sep 21, 2026, 6:58 PM
Asset class
Stocks
Holdings
5
Top-10 weight
210%
Largest holding
AMERICAN AIRLINES SWAP - L - CLEARSTREET115.4%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—AMERICAN AIRLINES SWAP - L - CLEARSTREET115.36%212,865$3M1
002—AMERICAN AIRLINES SWAP - L - CANTOR56.00%103,330$1M1
003—AMERICAN AIRLINES SWAP - L - MAREX19.97%36,850$509K1
004—First American Treasury Obligations Fund 01/01/204010.19%259,917$260K147
005—AMERICAN AIRLINES GROUP INC.-SWAP-JNST-L8.66%15,978$221K1

Showing 1–5 of 5 holdings

AALG Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

AALG$8,672
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. AALG $8,672. SPY $11,723. Use the arrow keys to read each point.$4,881$11,195$17,509Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for AALG. Periods over one year show the average yearly return.
PeriodAALG
Year to date−39.0%
1 month−4.8%
3 months−34.0%
1 year−13.3%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AALG
YearReturn barAALG
2026 YTD−39.0%
2025+34.8%

Since listing, Jul 11, 2025

AALG in the news

ETF.net Research hasn’t filed on AALG yet — coverage lands here as it’s written.

AALG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.28 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.28. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Jan 2, 2026$0.28

AALG Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
109.3%
Annualised · 13 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.41
vs 3-month T-bills · 13 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−64.2%
14 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.52
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

AALG Cost

Expense ratio0.75%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

85 of the 329 Single-Stock Long Leveraged funds charge less.

AALG costs $75.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.