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FNG

GradeCChicago Board Options Exchange

Leverage Shares 2x Long FN Daily ETF

Leveraged · Single-Stock Leveraged · LeverageShares · Inception 2026-06-16

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.

$4.73−0.04 (−0.84%)

As of Sep 23, 2026, 2:17 PM EDT

History starts Jun 16, 2026.History starts Jun 16, 2026.History starts Jun 16, 2026.
Intraday session: down, 36 prints from 4.77 to 4.73. Range 4.60 to 4.83. Use the arrow keys to read each point.$4.60$4.70$4.8010 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$7M
1Y return
—
Yield · Last 12 months
—
Holdings
3
Volume · 30D
0.1M sh
NAV per share
$4.72
52W range
low $4.13high $15.00

The ETF.net FNG Grade

C

42/ 100

Rank 119 of 380 in Single-Stock Long Leveraged⁠

Confidence Medium

Six-pillar profile for FNG. Scores out of 100: Cost 51, Risk 38, Mission not scored, Tradability 32, Holdings not scored, Durability 41. Strongest: Cost (51). Weakest: Tradability (32). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 42 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.
    CScore 51
    Category rank180/380 · top 47%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 38
    Category rank191/285 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 32
    Category rank256/380 · 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 41
    Category rank237/380 · mid-pack

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on FNG

ETF.net Research

CSingle-stock leverage usually aims at mega-caps. FNG points at Fabrinet, the optical-packaging specialist that assembles fiber-optic gear for data centers, and targets 2x its daily move. A trading tool, reset every session.

Stated mandate

The fund seeks daily returns, before fees and expenses, equal to 200% of the daily performance of FN.

Why people hold it

  1. 01Targets 200% of Fabrinet's daily move, reset each session. Simple math on one day of price action, no basket to unpack.leverageshares.com
  2. 02A 0.99% expense ratio, below the typical fee among 2x single-stock funds.
  3. 03Fabrinet does optical packaging and precision assembly for communications gear, lasers and sensors, well off the mega-cap path most single-stock leverage takes.investor.fabrinet.com
  4. 04A registered 1940 Act fund: the leverage lives inside the ETF, not in a margin account you have to manage.leverageshares.com

Worth knowing

  1. 01The daily reset makes path matter. Hold past one session and each day compounds on the last, so choppy stretches can land far from 2x the period's move.leverageshares.com
  2. 02One stock, doubled. A single earnings print or customer shift at Fabrinet drives the whole ride, with no diversification to soften it.leverageshares.com
  3. 03Small, moderately traded and launched in 2026, with no regular distributions. Worth checking spreads before you trade.

FNG Holdings

As of Sep 21, 2026, 6:58 PM
Asset class
Stocks
Holdings
3
Top-10 weight
219%
Largest holding
FABRINET-SWAP-MREX-L177.1%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—FABRINET-SWAP-MREX-L177.09%22,552$10M1
002—FABRINET-SWAP-CLST-L22.87%2,913$1M1
003—First American Treasury Obligations Fund 01/01/204018.73%1,041,489$1M147

Showing 1–3 of 3 holdings

FNG Performance

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

FNG$3,407
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. FNG $3,407. SPY $10,415. Use the arrow keys to read each point.$2,373$6,711$11,048Jun 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 FNG. Periods over one year show the average yearly return.
PeriodFNG
Year to dateFund launched this year—
1 month−17.5%
3 months−65.9%
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 FNG
YearReturn barFNG
2026 YTD−62.6%

Since listing, Jun 16, 2026

FNG in the news

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

FNG 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 Jun 2026. No distributions yet.

FNG 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 Jun 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 Jun 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 Jun 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.
0.00
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.

FNG Cost

Expense ratio0.99%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

165 of the 329 Single-Stock Long Leveraged funds charge less.

FNG costs $99.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.