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FPSX

GradeCChicago Board Options Exchange

Leverage Shares 2X Long FPS Daily ETF

Leveraged · Single-Stock Leveraged · LeverageShares · Inception 2026-06-23

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.

$4.83+0.27 (+5.92%)

As of Sep 23, 2026, 3:03 PM EDT

History starts Jun 23, 2026.History starts Jun 23, 2026.History starts Jun 23, 2026.
Intraday session: up, 42 prints from 4.56 to 4.83. Range 4.22 to 4.89. Use the arrow keys to read each point.$4.20$4.40$4.6010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$4M
1Y return
—
Yield · Last 12 months
—
Holdings
4
Volume · 30D
0.1M sh
NAV per share
$4.40
52W range
low $2.48high $15.34

The ETF.net FPSX Grade

C

40/ 100

Rank 160 of 380 in Single-Stock Long Leveraged⁠

Confidence Medium

Six-pillar profile for FPSX. Scores out of 100: Cost 67, Risk 30, Mission not scored, Tradability 45, Holdings not scored, Durability 40. Strongest: Cost (67). Weakest: Risk (30). Based on 4 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 rank121/380 · top 32%

  • 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 30
    Category rank235/285 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 45
    Category rank201/380 · 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 40
    Category rank246/380 · mid-pack

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

FPSX Holdings

As of Sep 21, 2026, 6:59 PM
Asset class
Stocks
Holdings
4
Top-10 weight
208%
Largest holding
FORGENT POWER SOLUTIONS INC.-SWAP-CLST-L113.1%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—FORGENT POWER SOLUTIONS INC.-SWAP-CLST-L113.05%32,494$1M1
002—FORGENT POWER SOLUTIONS INC.-SWAP-MREX-L50.73%14,580$484K1
003—FORGENT POWER SOLUTIONS INC.-SWAP-CANT-L36.22%10,410$345K1
004—First American Treasury Obligations Fund 01/01/20407.51%71,632$72K147

Showing 1–4 of 4 holdings

FPSX Performance

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

FPSX$12,425
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,125
Aug 21, 2026 to Sep 22, 2026. FPSX $12,425. SPY $10,125. Use the arrow keys to read each point.$6,809$10,191$13,573Aug 21Sep 4Sep 22

Aug 21, 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 FPSX. Periods over one year show the average yearly return.
PeriodFPSX
Year to dateFund launched this year—
1 month+24.3%
3 monthsFund is under 3 months old—
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 FPSX
YearReturn barFPSX
2026 YTD−67.1%

Since listing, Jun 23, 2026

FPSX in the news

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

FPSX 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.

FPSX 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.

FPSX 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.

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