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Launched · SEC filings

Leverage Shares 2x Long GEMI Daily ETF

GEMGNasdaqLeverageSharesCThis 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.

$3.52−1.63 (−31.65%) past 5 days

At close: Oct 22, 2026, 4:00 PM ET

C40/ 100

Rank 132 of 380 in Single-Stock Long Leveraged

C40/100Rank 132 of 380inSingle-Stock Long Leveraged
5D price: down, 5 points from 5.15 to 3.52. Range 3.52 to 4.36. Use the arrow keys to read each point.3.754.004.254.504.755.00
Market opens at 9:30 AM ET.
Expense ratio
0.75%
Fund size
$1M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
5
Avg volume · 30D
38.6K sh
52W range
low $3.52high $354.60
Launched
Filings
SEC EDGAR

The ETF.net GEMG Grade

As of · Based on 5 of 6 pillars

C

Score 40 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
132 of 380
Six-pillar profile for GEMG. Scores out of 100: Cost 70, Risk 12, Mission 63, Tradability 33, Holdings not scored, Durability 39. Strongest: Cost (70). Weakest: Risk (12). Based on 5 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
45
This cap took
−5
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A70 out of 100
    Rank 87 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B63 out of 100
    Rank 141 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F12 out of 100
    Rank 358 of 365

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D33 out of 100
    Rank 279 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D39 out of 100
    Rank 243 of 380

Our read on GEMG

ETF.net Research

In short

CTwo times the daily move of Gemini Space Station, the Winklevoss crypto exchange that listed on Nasdaq in September 2025. An already-jumpy stock with the volume knob turned up, in a wrapper built for day-length trades.

Stated mandate

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

Why people hold it

  • Charges 0.75% a year, below the typical single-stock 2x bull fund, and level with the cheapest Leverage Shares stablemates like UNHG and ASMG.
  • Magnified exposure without opening a margin account: a 1940 Act fund on Nasdaq, where the most you can lose is what you put in.leverageshares.com
  • The mechanism is legible: 200% of GEMI's daily performance before fees, reset each day. No index to decode, no basket, no discretion.
  • A leveraged handle on a crypto exchange operator that has only been publicly traded since its September 2025 Nasdaq debut.cnbc.com

Worth knowing

  • Daily reset: hold longer than a day and your return drifts from 2x. Choppy stretches can grind value down even if GEMI ends up back where it started.
  • A small asset base and light trading mean spreads can widen, so getting in and out can cost more than the expense ratio suggests.
  • Everything rides on one recently listed stock tied to crypto sentiment. No diversification, and the fund is not structured to pay income.

GEMG Holdings

As of
Asset class
Stocks
Holdings
5
Top-10 weight
213%
Largest holding
Gemini Space Swap Marex137.5%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataGemini Space Swap Marex137.50%312,977$1.34MNo data
2No dataGemini Space Swap Cs59.63%135,731$581KNo data
3No dataFirst American Treasury Obligations Fund 01/01/204012.85%125,204$125KNo data
4No dataGemini Space Station, Inc.-Swap-Jnst-L2.40%5,452$23.3KNo data
5No dataGemini Space Swap Cantor0.51%1,161$4.97KNo data

Showing 1–5 of 5 holdings

GEMG Performance

Launched Nov 5, 2025

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.
GEMG$413
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,291
Dec 31, 2025 to Oct 22, 2026. GEMG $413. SPY $11,291. Use the arrow keys to read each point.$0$5,000$10,000Dec 2025May 2026Oct 2026

Dec 31, 2025 – Oct 22, 2026

Returns run to the Oct 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.

As of
Trailing total return for GEMG. Periods over one year show the average yearly return.
PeriodGEMG
Year to date−95.9%
1 month−72.1%
3 months−61.7%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 GEMG
YearReturn barGEMG
2026 YTD−95.9%
2025−73.6%

Since listing, Nov 5, 2025

GEMG in the news

GEMG 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 Oct 22, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Nov 2025. No distributions yet.

GEMG Risk

Risk pillarF12 out of 100Rank 358 of 365 in Single-Stock Long Leveraged

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 Nov 2025; 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 Nov 2025; 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 Nov 2025; 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.
4.46
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.

FMP measures it over up to five years of monthly returns.

GEMG Cost

GEMG cost

$14,482

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GEMG 0.75%

    $14,482

$10,000
30 years

Cost over time

  • GEMG 0.75%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530GEMG $14,482

Year by year

YearGEMG
10$1,336
20$5,078
30$14,482