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FCXG

GradeCNASDAQ

Leverage Shares 2x Long FCX Daily ETF

Leveraged · Single-Stock Leveraged · LeverageShares · Inception 2026-02-19

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.

$15.84−0.90 (−5.37%)

As of Sep 23, 2026, 3:10 PM EDT

History starts Feb 19, 2026.History starts Feb 19, 2026.
Intraday session: down, 36 prints from 16.74 to 15.84. Range 15.49 to 16.00. Use the arrow keys to read each point.$15.60$16.0010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$4M
1Y return
—
Yield · Last 12 months
—
Holdings
4
Volume · 30D
0M sh
NAV per share
$15.77
52W range
low $9.53high $19.79

The ETF.net FCXG Grade

C

40/ 100

Rank 158 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for FCXG. Scores out of 100: Cost 67, Risk 72, Mission 99, Tradability 55, Holdings not scored, Durability 43. Strongest: Mission (99). Weakest: Durability (43). 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 earned64This cap took−24Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 67
    Category rank118/380 · top 31%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 99
    Category rank7/147 · top 5%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 72
    Category rank48/285 · top 17%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 55
    Category rank154/380 · top 41%

  • 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 43
    Category rank226/380 · mid-pack

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

Our read on FCXG

ETF.net Research

CTwo times the daily move of Freeport-McMoRan, in one ticker. A single-stock leveraged fund pointed at a materials-sector miner instead of the usual megacap tech, and priced under the typical fee in its group.

Stated mandate

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

Why people hold it

  1. 01Cheap for the category: a 0.75% expense ratio, below the median fee among 2x single-stock funds.
  2. 02Fee sits at the low end of the peer set: the same 0.75% as sibling funds UNHG, ASMG and AMDG, and under the 0.96% on Direxion's 2x bulls GGLL and AAPU.
  3. 03The mandate is stated plainly: 200% of FCX's daily performance before fees and expenses, reset each day. No stock picking, no hidden tilts.
  4. 04Leverage arrives in a 1940 Act ETF wrapper you buy like any share: no margin account, no options chain, no margin calls.

Worth knowing

  1. 01The 2x target resets daily, so holding periods longer than a day compound. In choppy stretches, results can drift a long way from twice the stock's move.
  2. 02A small, thinly traded fund. Spreads can run wider than in the category's heavyweights, and size orders can push the price around.
  3. 03Launched in 2026 with a short track record, and it makes no regular distributions. Everything here rides on one company's share price.

FCXG Holdings

As of Sep 21, 2026, 6:58 PM
Asset class
Stocks
Holdings
4
Top-10 weight
209%
Largest holding
FREEPORT MCMORAN INC SWAP - L - MAREX88.3%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—FREEPORT MCMORAN INC SWAP - L - MAREX88.25%40,925$3M1
002—FREEPORT MCMORAN INC SWAP - L - CS78.22%36,274$3M1
003—FREEPORT MCMORAN INC SWAP - L - CF33.53%15,550$1M1
004—First American Treasury Obligations Fund 01/01/20409.21%327,428$327K147

Showing 1–4 of 4 holdings

FCXG Performance

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

FCXG$10,581
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. FCXG $10,581. SPY $10,415. Use the arrow keys to read each point.$6,311$9,637$12,962Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – 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 FCXG. Periods over one year show the average yearly return.
PeriodFCXG
Year to dateFund launched this year—
1 month−8.4%
3 months+5.8%
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 FCXG
YearReturn barFCXG
2026 YTD+11.7%

Since listing, Feb 19, 2026

FCXG in the news

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

FCXG 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 Feb 2026. No distributions yet.

FCXG 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 Feb 2026; 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 Feb 2026; 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 Feb 2026; 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.
1.70
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.

FCXG 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.

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