Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Leverage Shares 2x Long ADBE Daily ETF
BThis 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.
$3.59−0.05 (−1.37%)
- 0.75%
- $34M
- −63.3%
- 5.1M sh
- $3.78
- low $2.60high $11.42
The ETF.net ADBG Grade
B
Score 65 out of 100
- 17 of 380
Score 65 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B67 out of 100Rank 87 of 380Mission
Whether the fund did what it promised, tested against its stated mandate.A97 out of 100Rank 20 of 148Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C44 out of 100Rank 202 of 363Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A84 out of 100Rank 34 of 380Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B64 out of 100Rank 102 of 380
Our read on ADBG
BAdobe, doubled, one day at a time. ADBG targets 200% of Adobe's daily move for 0.75% a year, undercutting the roughly 1% typical of leveraged single-stock funds. Built for day-scale exposure, not buy-and-hold.
The fund seeks daily investment results, before fees and expenses, corresponding to 200% (2x) of the daily performance of Adobe stock.
Why people hold it
- Charges 0.75% a year against a category median near 1%. The Direxion 2x heavyweights on Apple (AAPU) and Alphabet (GGLL) both run 0.96%.
- Leverage comes from swaps collateralized by US Treasuries. Unlike buying Adobe on margin, you cannot lose more than you put in, and there are no margin calls.leverageshares.comleverageshares.com
- Tracks its stated 2x daily target closely and trades actively, one of the cleaner implementations among leveraged single-stock funds.
Worth knowing
- The 2x resets daily. Over longer stretches, compounding takes the wheel: choppy markets can leave multi-day results well away from twice Adobe's move.leverageshares.com
- One stock, amplified. An earnings surprise or an AI headline lands twice as hard here as it does in Adobe shares themselves.
- Launched in 2025, so the track record is short, and it makes no regular distributions. This is a price-exposure tool, not an income one.
ADBG Holdings
- Stocks
- 5
- 202%
- Adobe Inc Swap - L - Cs
ADBG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
ADBG$3,666
Returns run to the Oct 12, 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.
| Period | ADBG |
|---|---|
| Year to date | −64.4% |
| 1 month | −12.9% |
| 3 months | +3.1% |
| 1 year | −63.3% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ADBG |
|---|---|---|
| 2026 YTD | −64.4% | |
| 2025 | −30.9% |
ADBG in the news
ADBG Dividends
No distributions in the last 12 months.
ADBG 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.
- 78.4%
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.
- −0.78
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.
- −84.1%
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.
- 1.57
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ADBG Cost
0.75%
ADBG0.75%
- The middle half of Single-Stock Long Leveraged funds
- Median 0.98%
86 of the 333 Single-Stock Long Leveraged funds charge less.
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- BPYPGLeverage Shares 2x Long PYPL Daily ETFExpense ratio 0.75%1 year return −53.2%
- BSNDGLeverage Shares 2X Long SNDK Daily ETFExpense ratio 0.75%1 year return —