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Leverage Shares 2x Long BBAI Daily ETF

BAIGNasdaqCThis 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.

$9.41+0.76 (+8.84%)

At close: Oct 13, 2026, 4:00 PM

C48/ 100

Rank 89 of 380 in Single-Stock Long Leveraged

C48/100Rank 89 of 380inSingle-Stock Long Leveraged
Intraday session: up, 55 prints from 8.65 to 9.41. Range 8.55 to 10.54. Use the arrow keys to read each point.9.0010.0010.5010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$4M
1Y total return
−95.9%
Yield · Last 12 months
Data unavailable
Holdings
5
Avg volume · 30D
0M sh
NAV per share
$9.39
52W range
low $8.63high $360.25
Launched

The ETF.net BAIG Grade

Based on 5 of 6 pillars

C

Score 48 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
89 of 380
Six-pillar profile for BAIG. Scores out of 100: Cost 67, Risk 17, Mission 92, Tradability 41, Holdings not scored, Durability 51. Strongest: Mission (92). Weakest: Risk (17). Based on 5 of 6 pillars.

Score 48 of 100 falls in the C 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 100
    Rank 87 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A92 out of 100
    Rank 69 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F17 out of 100
    Rank 344 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C41 out of 100
    Rank 239 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C51 out of 100
    Rank 184 of 380

Our read on BAIG

ETF.net Research

CA 2x daily-reset bet on BigBear.ai, a single small AI-analytics stock, packaged as an ETF. Leverage Shares runs it at 0.75%, below the going rate for single-stock leveraged funds, and it has hit its stated daily multiple closely.

Stated mandate

The Fund seeks daily leveraged investment results equal to two times the daily percentage change in BBAI's common-stock price, before fees and expenses. It does not pursue this objective for periods different from one trading day.

Why people hold it

  1. 010.75% a year, cheaper than the typical single-stock leveraged fund, and it undercuts the 0.96% Direxion charges on 2x names like AAPU and GGLL.leverageshares.com
  2. 02The fund has one job, two times BBAI's daily price move before fees, and it has hit that target closely, which is what separates good daily-reset funds from sloppy ones.
  3. 03The leverage sits inside the fund, built from swap agreements in a 1940 Act ETF listed on Nasdaq, not in a margin balance in your brokerage account.leverageshares.comleverageshares.com
  4. 04Among the stronger builds in a crowded field of bull-side single-stock leveraged ETFs, and one of several Leverage Shares 2x funds priced at the same 0.75%, including ASMG and UNHG.

Worth knowing

  1. 01It resets every day. The prospectus says the 2x objective applies to one trading day only, so over longer stretches compounding can push results far from 2x BBAI's move.leverageshares.com
  2. 02One stock, no diversification, and BigBear.ai is a small AI-analytics name. Doubling a jumpy stock's daily move cuts in both directions.
  3. 03A 2025 launch that stays small and lightly traded, so spreads and order sizing matter more here than in the household-name leveraged funds.

BAIG Holdings

As of Oct 11, 2026
Asset class
Stocks
Holdings
5
Top-10 weight
206%
Largest holding
Bigbear Ai Hldgs Inc Swap - L - Marex158.1%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Bigbear Ai Hldgs Inc Swap - L - Marex158.07%4,373,998$14M1
002—Bigbear.ai Holdings, Inc.-Swap-Jnst-L14.53%402,099$1M1
003—Bigbear Ai Hldgs Inc Swap - L - Clearstreet14.19%392,782$1M1
004—Bigbear Ai Hldgs Inc Swap- L - Cantor13.25%366,700$1M1
005—First American Treasury Obligations Fund 01/01/20405.50%489,663$490K151

Showing 1–5 of 5 holdings

BAIG Performance

Launched Aug 21, 2025

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.
BAIG$409
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. BAIG $409. SPY $12,044. Use the arrow keys to read each point.$-704$7,369$15,442Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

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.

Trailing total return for BAIG. Periods over one year show the average yearly return.
PeriodBAIG
Year to date−90.1%
1 month−38.2%
3 months−57.2%
1 year−95.9%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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 BAIG
YearReturn barBAIG
2026 YTD−90.1%
2025−36.2%

Since listing, Aug 21, 2025

BAIG in the news

Filtered to BAIG · Single-Stock Long Leveraged

BAIG Dividends

Last payment
$4.75 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 $4.75. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Jan 2, 2026$4.75

BAIG 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.
124.1%
Annualised · 13 months to Sep 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.
−1.00
vs 3-month T-bills · 13 months to Sep 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.
−97.2%
13 months · trough Oct 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.
6.83
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.

BAIG Cost

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

86 of the 333 Single-Stock Long Leveraged funds charge less.

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

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