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ADBG

GradeBNASDAQ Global Select

Leverage Shares 2x Long ADBE Daily ETF

Leveraged · Single-Stock Leveraged · LeverageShares · Inception 2025-03-21

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.

$3.77+0.07 (+1.89%)

As of Sep 23, 2026, 2:19 PM EDT

History starts Mar 21, 2025.
Intraday session: up, 56 prints from 3.70 to 3.77. Range 3.68 to 3.80. Use the arrow keys to read each point.$3.70$3.75$3.8010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$32M
1Y return
−68.3%
Yield · Last 12 months
—
Holdings
5
Volume · 30D
5.6M sh
NAV per share
$4.07
52W range
low $2.60high $11.97

The ETF.net ADBG Grade

B

62/ 100

Rank 29 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for ADBG. Scores out of 100: Cost 67, Risk 41, Mission 96, Tradability 76, Holdings not scored, Durability 64. Strongest: Mission (96). Weakest: Risk (41). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 62 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 67
    Category rank90/380 · top 24%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 96
    Category rank34/147 · top 23%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 41
    Category rank183/285 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 76
    Category rank55/380 · top 14%

  • 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.
    BScore 64
    Category rank104/380 · top 27%

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

Our read on ADBG

ETF.net Research

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.

Stated mandate

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

  1. 01Charges 0.75% a year against a category median near 1%. The Direxion 2x heavyweights on Apple (AAPU) and Alphabet (GGLL) both run 0.96%.
  2. 02Leverage 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
  3. 03Tracks its stated 2x daily target closely and trades actively, one of the cleaner implementations among leveraged single-stock funds.

Worth knowing

  1. 01The 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
  2. 02One stock, amplified. An earnings surprise or an AI headline lands twice as hard here as it does in Adobe shares themselves.
  3. 03Launched 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

As of Sep 21, 2026, 6:58 PM
Asset class
Stocks
Holdings
5
Top-10 weight
202%
Largest holding
ADOBE INC SWAP - L - CS108.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—ADOBE INC SWAP - L - CS108.65%141,789$39M1
002—ADOBE INC SWAP - L - CANTOR47.93%62,550$17M1
003—ADOBE INC SWAP - L - MAREX26.93%35,150$10M1
004—ADOBE INC.-SWAP-NBCB-L16.48%21,500$6M1
005—First American Treasury Obligations Fund 01/01/20402.29%821,033$821K147

Showing 1–5 of 5 holdings

ADBG Performance

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

ADBG$3,171
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. ADBG $3,171. SPY $11,723. Use the arrow keys to read each point.$1,530$7,025$12,520Sep 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 ADBG. Periods over one year show the average yearly return.
PeriodADBG
Year to date−63.8%
1 month−27.3%
3 months+36.5%
1 year−68.3%
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 ADBG
YearReturn barADBG
2026 YTD−63.8%
2025−30.9%

Since listing, Mar 21, 2025

ADBG in the news

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

ADBG Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

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.

How much the fund’s monthly returns vary, scaled to a year.
76.3%
Annualised · 17 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.
−0.53
vs 3-month T-bills · 17 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.
−84.1%
18 months · trough Jun 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.
1.57
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.

ADBG 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.

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