Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Leverage Shares 2x Long FIG Daily ETF
BThis 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.
$16.39−0.15 (−0.91%)
- 0.75%
- $16M
- 0.2M sh
- $17.43
- low $12.40high $326.80
The ETF.net FIGG Grade
B
Score 55 out of 100
- 64 of 380
Score 55 of 100 falls in the B 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 100Rank 87 of 380Mission
Whether the fund did what it promised, tested against its stated mandate.A96 out of 100Rank 34 of 148Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F21 out of 100Rank 330 of 363Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B67 out of 100Rank 94 of 380Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B56 out of 100Rank 152 of 380
Our read on FIGG
BOne ticker, two times Figma's daily move. FIGG rebuilds that exposure every trading day and charges 0.75%, less than the 2x single-stock crowd typically asks.
The Fund seeks daily returns, before fees and expenses, equal to two times the daily percentage change in the price of FIG common stock. It is intended as a short-term trading vehicle and does not target its multiple over periods other than one trading day.
Why people hold it
- Charges 0.75%, under the typical fee for 2x single-stock funds and level with the cheapest of the group (UNHG, ASMG, AMDG sit at the same rate).leverageshares.com
- Does its stated job closely: two times the daily percentage change in FIG stock, before fees and expenses.leverageshares.com
- One of the stronger implementations in a crowded field of bull single-stock leveraged funds.
- Geared Figma exposure in a 1940 Act fund wrapper, no margin account or options chain required.leverageshares.com
Worth knowing
- The leverage resets daily. Hold longer and results can drift far from 2x the stock's move; the prospectus calls it a short-term trading vehicle.leverageshares.com
- One stock carries the entire fund, doubled. No basket underneath to soften a rough day at Figma.
- A 2025 launch that trades moderately rather than heavily, so spreads can run wider than the mega-cap-linked leveraged funds.
FIGG Holdings
- Stocks
- 5
- 204%
- Figma Inc Swap - L ? Cs
FIGG Performance
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.Not enough history yet.
FIGG$1,814
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.
| Period | FIGG |
|---|---|
| Year to date | −81.9% |
| 1 month | −13.7% |
| 3 months | −11.7% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FIGG |
|---|---|---|
| 2026 YTD | −81.9% | |
| 2025 | −66.0% |
FIGG in the news
FIGG Dividends
Listed Oct 2025. No distributions yet.
FIGG 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 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.
- —
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.
- —
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.
- 2.77
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FIGG Cost
0.75%
FIGG0.75%
- The middle half of Single-Stock Long Leveraged funds
- Median 0.98%
86 of the 333 Single-Stock Long Leveraged funds charge less.
Other funds in Single-Stock Long Leveraged
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- BBTCUDirexion Daily Bitcoin Bull 2X ETFExpense ratio 1.15%1 year return —
- BORCUDirexion Daily ORCL Bull 2X ETFExpense ratio 0.99%1 year return —
- CAAPXT-REX 2X Long Apple Daily Target ETFExpense ratio 1.05%1 year return +61.9%
- CUUUGLeverage Shares 2x Long UUUU Daily ETFExpense ratio 0.75%1 year return —