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Launched

Leverage Shares 2x Long BBAI Daily ETF

BAIGNasdaqLeverageSharesCThis 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.

$10.44+0.04 (+0.36%)

At close: Nov 2, 2026, 4:00 PM ET

C40/ 100

Rank 136 of 380 in Single-Stock Long Leveraged

C40/100Rank 136 of 380inSingle-Stock Long Leveraged
Intraday session: up, 79 prints from 10.40 to 10.44. Range 10.22 to 11.52. Use the arrow keys to read each point.10.7511.0011.2511.5010 AM12 PM2 PM4 PM
Expense ratio
0.78%
Fund size
$5M
1Y total return
−94.2%
Yield · Last 12 months
No data
Holdings
5
Avg volume · 30D
25.8K sh
52W range
low $7.00high $199.20
Launched

The ETF.net BAIG Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
136 of 380
Six-pillar profile for BAIG. Scores out of 100: Cost 60, Risk 25, Mission 90, Tradability 40, Holdings not scored, Durability 52. Strongest: Mission (90). Weakest: Risk (25). Based on 5 of 6 pillars.

Score 40 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.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
46
This cap took
−6
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B60 out of 100
    Rank 147 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A90 out of 100
    Rank 77 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D25 out of 100
    Rank 325 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C40 out of 100
    Rank 248 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.
    C52 out of 100
    Rank 172 of 380

Our read on BAIG

ETF.net Research

In short

CMost 2x single-stock ETFs point at megacaps. BAIG points at BigBear.ai, a small, jumpy defense-AI name, and aims for twice its daily move through swaps, reset every day, for 0.78% a year with no waiver.

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

  • Swap agreements with major financial institutions do the work: exposure is sized for 200% of BigBear.ai's daily move, no margin account or options chain required.leverageshares.com
  • At 0.78% with no fee waiver, it sits below the category median and only a hair above the cheapest in its own lineup (OKTG at 0.75%, TSMG at 0.76%).
  • Day to day, it has stayed close to its stated 2x target, which is the entire job of a daily-reset fund.

Worth knowing

  • The 2x target resets every trading day. Held through a choppy stretch, results can trail twice BBAI's move, which the prospectus states plainly.leverageshares.com
  • One of the smaller, more lightly traded names in a crowded 2x category, so bid-ask spreads carry more weight here than in the megacap-linked versions.
  • The trust reserves the right to use splits or reverse splits to keep shares in a convenient trading range, changing your share count but not the fund's net assets.leverageshares.com

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$579
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. BAIG $579. SPY $11,199. Use the arrow keys to read each point.$0$5,000$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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−88.0%
1 month−11.9%
3 months−26.2%
1 year−94.2%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−88.0%
2025−36.2%

Since listing, Aug 21, 2025

BAIG in the news

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

$10,000 in BAIG 1 year ago paid $251 in dividends.

BAIG Risk

Risk pillarD25 out of 100Rank 325 of 368 in Single-Stock Long Leveraged

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.
119.2%
Annualised · 14 months to Oct 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.
−1.05
vs 3-month T-bills · 14 months to Oct 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.
−97.7%
14 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.

FMP measures it over up to five years of monthly returns.

BAIG Cost

Compare BAIG and GOGL

Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged

$10,847

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BAIG 0.78%

    $15,002

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • BAIG 0.78%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BAIG $15,002GOGL $4,155

Year by year

YearBAIGGOGLOverpaying
10$1,388$365$1,023
20$5,268$1,421$3,847
30$15,002$4,155$10,847

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