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GEMG

GradeCNASDAQ Global Market

Leverage Shares 2x Long GEMI Daily ETF

Leveraged · Single-Stock Leveraged · LeverageShares · Inception 2025-11-05 · SEC filings

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.

$11.30−1.31 (−10.36%)

As of Sep 23, 2026, 2:18 PM EDT

History starts Nov 5, 2025.History starts Nov 5, 2025.
Intraday session: down, 32 prints from 12.61 to 11.30. Range 10.82 to 12.48. Use the arrow keys to read each point.$11.00$12.00$12.5010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$2M
1Y return
—
Yield · Last 12 months
—
Holdings
5
Volume · 30D
0M sh
NAV per share
$12.83
52W range
low $4.85high $354.60

The ETF.net GEMG Grade

C

40/ 100

Rank 161 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for GEMG. Scores out of 100: Cost 67, Risk 15, Mission 64, Tradability 28, Holdings not scored, Durability 44. Strongest: Cost (67). Weakest: Risk (15). 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 earned44This cap took−4Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 67
    Category rank123/380 · top 32%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    BScore 64
    Category rank143/147 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 15
    Category rank280/285 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 28
    Category rank284/380 · bottom quartile

  • 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 44
    Category rank225/380 · mid-pack

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

Our read on GEMG

ETF.net Research

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

  1. 01Charges 0.75% a year, below the typical single-stock 2x bull fund, and level with the cheapest Leverage Shares stablemates like UNHG and ASMG.
  2. 02Magnified 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
  3. 03The mechanism is legible: 200% of GEMI's daily performance before fees, reset each day. No index to decode, no basket, no discretion.
  4. 04A leveraged handle on a crypto exchange operator that has only been publicly traded since its September 2025 Nasdaq debut.cnbc.com

Worth knowing

  1. 01Daily 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.
  2. 02A small asset base and light trading mean spreads can widen, so getting in and out can cost more than the expense ratio suggests.
  3. 03Everything 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 Sep 21, 2026, 6:59 PM
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 valueIn ETFs
001—GEMINI SPACE SWAP MAREX137.50%312,977$1M1
002—GEMINI SPACE SWAP CS59.63%135,731$581K1
003—First American Treasury Obligations Fund 01/01/204012.85%125,204$125K147
004—GEMINI SPACE STATION, INC.-SWAP-JNST-L2.40%5,452$23K1
005—GEMINI SPACE SWAP CANTOR0.51%1,161$5K1

Showing 1–5 of 5 holdings

GEMG Performance

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

GEMG$1,480
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. GEMG $1,480. SPY $11,430. Use the arrow keys to read each point.$-329$6,504$13,337Dec 2025May 2026Sep 2026

Dec 31, 2025 – 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 GEMG. Periods over one year show the average yearly return.
PeriodGEMG
Year to date−85.2%
1 month+65.7%
3 months+26.4%
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 GEMG
YearReturn barGEMG
2026 YTD−85.2%
2025−73.6%

Since listing, Nov 5, 2025

GEMG in the news

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

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 Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Nov 2025. No distributions yet.

GEMG 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 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.
4.95
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.

GEMG 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.

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