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BULG

GradeCNASDAQ Global Market

Leverage Shares 2x Long BULL Daily ETF

Leveraged · Single-Stock Leveraged · LeverageShares · Inception 2025-08-11

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.

$38.68−4.19 (−9.78%)

As of Sep 23, 2026, 3:14 PM EDT

History starts Aug 11, 2025.
Intraday session: down, 48 prints from 42.87 to 38.68. Range 38.68 to 42.38. Use the arrow keys to read each point.$40.00$41.00$42.0010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$7M
1Y return
−82.7%
Yield · Last 12 months
—
Holdings
5
Volume · 30D
0M sh
NAV per share
$44.86
52W range
low $18.36high $313.20

The ETF.net BULG Grade

C

51/ 100

Rank 75 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for BULG. Scores out of 100: Cost 67, Risk 30, Mission 69, Tradability 41, Holdings not scored, Durability 53. Strongest: Mission (69). Weakest: Risk (30). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 51 of 100 sits in the C 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 rank103/380 · top 27%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    BScore 69
    Category rank138/147 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 30
    Category rank232/285 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 41
    Category rank219/380 · 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 53
    Category rank178/380 · top 47%

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

Our read on BULG

ETF.net Research

CTwo times the daily move of Webull Corp, the brokerage whose stock ticker actually is BULL. A 2025 launch from Leverage Shares that resets its leverage every single day and charges less than the going rate for single-stock leverage.

Stated mandate

The fund seeks daily investment results equal to 200% of the daily performance of Webull Corp stock, before fees and expenses.

Why people hold it

  1. 010.75% expense ratio, under the typical leveraged single-stock fund and the same price as Leverage Shares siblings like UNHG, ASMG and AMDG.
  2. 02No ambiguity in the mandate: 200% of Webull Corp's daily performance before fees and expenses. You know exactly what you own each morning.
  3. 03A 1940 Act fund, so the leverage arrives inside an ordinary ETF ticker. No margin agreement, no futures account, no financing to manage yourself.leverageshares.com
  4. 04Direct 2x exposure to a single newly public brokerage, and one of the stronger implementations in a crowded leveraged single-stock field.

Worth knowing

  1. 01The leverage resets daily, so results compound. Hold longer than a day and the outcome can diverge sharply from twice BULL's move over that stretch.
  2. 02Small asset base and thin trading mean spreads can widen when it matters most. Limit orders earn their keep here.
  3. 03One stock, doubled: no diversification cushion, no distributions, and a young fund tracking a young listing.

BULG Holdings

As of Sep 21, 2026, 6:58 PM
Asset class
Stocks
Holdings
5
Top-10 weight
210%
Largest holding
WEBULL CORP SWAP - L - MAREX125.2%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—WEBULL CORP SWAP - L - MAREX125.19%971,869$9M1
002—WEBULL CORP SWAP - L - CANTOR48.60%377,308$3M1
003—WEBULL CORP SWAP - L - CLEARSTREET21.45%166,510$1M1
004—First American Treasury Obligations Fund 01/01/20409.94%677,693$678K147
005—WEBULL CORPORATION-SWAP-JNST-L4.80%37,300$327K1

Showing 1–5 of 5 holdings

BULG Performance

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

BULG$1,730
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. BULG $1,730. SPY $11,723. Use the arrow keys to read each point.$-78$6,280$12,639Sep 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 BULG. Periods over one year show the average yearly return.
PeriodBULG
Year to date−33.6%
1 month−21.4%
3 months+17.8%
1 year−82.7%
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 BULG
YearReturn barBULG
2026 YTD−33.6%
2025−78.1%

Since listing, Aug 11, 2025

BULG in the news

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

BULG Dividends

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

No distributions in the last 12 months.

BULG 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.
152.1%
Annualised · 12 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.
−0.26
vs 3-month T-bills · 12 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.
−94.1%
13 months · trough Mar 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.
7.61
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.

BULG 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.

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