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BLSG

GradeCNASDAQ Global Select

Leverage Shares 2x Long BLSH Daily ETF

Leveraged · Single-Stock Leveraged · LeverageShares · Inception 2025-10-27

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.

$4.20−0.11 (−2.53%)

As of Sep 23, 2026, 3:01 PM EDT

History starts Oct 27, 2025.History starts Oct 27, 2025.
Intraday session: down, 32 prints from 4.31 to 4.20. Range 4.08 to 4.33. Use the arrow keys to read each point.$4.10$4.3010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$2M
1Y return
—
Yield · Last 12 months
—
Holdings
5
Volume · 30D
0.1M sh
NAV per share
$4.17
52W range
low $1.26high $16.20

The ETF.net BLSG Grade

C

40/ 100

Rank 146 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for BLSG. Scores out of 100: Cost 67, Risk 31, Mission 96, Tradability 39, Holdings not scored, Durability 46. Strongest: Mission (96). Weakest: Risk (31). 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 earned51This cap took−11Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 67
    Category rank100/380 · top 26%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 96
    Category rank35/147 · top 24%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 31
    Category rank219/285 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 39
    Category rank226/380 · mid-pack

  • 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 46
    Category rank214/380 · mid-pack

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

Our read on BLSG

ETF.net Research

CA one-stock, one-day instrument: BLSG aims for 200% of Bullish stock's daily move, reset every morning. Launched in late 2025 at 0.75%, it comes in under the usual toll for 2x single-stock funds.

Stated mandate

The fund seeks daily investment results, before fees and expenses, corresponding to 200% of the daily performance of Bullish stock.

Why people hold it

  1. 01Aims to deliver 200% of Bullish (BLSH) stock's daily move inside a registered 1940 Act ETF, so the leverage arrives in a normal brokerage ticket with no margin account to maintain.leverageshares.com
  2. 020.75% expense ratio sits below the typical fee in the 2x single-stock crowd. It is the same house rate as Leverage Shares siblings AMDG and UNHG, while Direxion's GGLL and AAPU list 0.96%.
  3. 03The mechanism does what the prospectus says: day-to-day results have tracked the stated 2x daily target closely, which is the whole job for a tool like this.

Worth knowing

  1. 01The 2x target resets daily. Hold past a day and the result depends on the path BLSH takes, not just the endpoint; choppy stretches drag on compounded returns.
  2. 02One stock, doubled. No diversification cushions an earnings surprise or a single headline at Bullish, and the fund has not paid distributions.
  3. 03Young and small: launched October 2025 with a modest asset base and moderate volume, so spreads can be wider than on the household-name 2x tickers.

BLSG Holdings

As of Sep 21, 2026, 6:59 PM
Asset class
Stocks
Holdings
5
Top-10 weight
216%
Largest holding
BULLISH SWAP-L - MAREX158.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—BULLISH SWAP-L - MAREX158.01%130,064$4M1
002—BULLISH SWAP-L - CANTOR21.08%17,350$528K1
003—BULLISH SWAP-L - CLEARSTREET20.59%16,946$515K1
004—First American Treasury Obligations Fund 01/01/204015.86%397,013$397K147
005—TRADR 2X LONG BLSH DAILY ETF-SWAP-JNST-L0.31%257$8K1

Showing 1–5 of 5 holdings

BLSG Performance

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

BLSG$6,650
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. BLSG $6,650. SPY $11,430. Use the arrow keys to read each point.$1,374$7,076$12,777Dec 2025May 2026Sep 2026

Dec 31, 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 BLSG. Periods over one year show the average yearly return.
PeriodBLSG
Year to date−33.5%
1 month+67.7%
3 months+115.4%
1 yearFund is under 1 year old—
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 BLSG
YearReturn barBLSG
2026 YTD−33.5%
2025−60.0%

Since listing, Oct 27, 2025

BLSG in the news

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

BLSG 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.
—Last 12 months
Payout per share
—Last 12 months

Listed Oct 2025. No distributions yet.

BLSG 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.
—
Launched Oct 2025; fills in after 12 months
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.
—
Launched Oct 2025; fills in after 12 months
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.
—
Launched Oct 2025; fills in after 12 months
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.
0.20
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.

BLSG 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.

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