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GRAG

GradeCNASDAQ Global Market

Leverage Shares 2x Long GRAB Daily ETF

Leveraged · Single-Stock Leveraged · LeverageShares · Inception 2025-12-11

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.

$4.52+0.01 (+0.22%)

As of Sep 23, 2026, 2:11 PM EDT

History starts Dec 11, 2025.History starts Dec 11, 2025.
Intraday session: up, 40 prints from 4.51 to 4.52. Range 4.37 to 4.60. Use the arrow keys to read each point.$4.40$4.6010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$2M
1Y return
—
Yield · Last 12 months
—
Holdings
4
Volume · 30D
0M sh
NAV per share
$3.84
52W range
low $3.43high $15.37

The ETF.net GRAG Grade

C

40/ 100

Rank 165 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for GRAG. Scores out of 100: Cost 67, Risk 43, Mission 83, Tradability 27, Holdings not scored, Durability 44. Strongest: Mission (83). Weakest: Tradability (27). 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 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 rank127/380 · top 33%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 83
    Category rank113/147 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 43
    Category rank167/285 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 27
    Category rank285/380 · 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 rank221/380 · mid-pack

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

Our read on GRAG

ETF.net Research

CTwo times Grab Holdings' daily move, in an ETF you can hold in a plain brokerage account. It costs 0.75%, under the usual toll for single-stock leverage, and the exposure resets every day, which makes it a short-horizon instrument.

Stated mandate

The fund seeks daily investment results equal to 200% (2x) of Grab Holdings Limited stock's daily performance before fees and expenses.

Why people hold it

  1. 010.75% a year matches the rest of the Leverage Shares 2x lineup (UNHG, ASMG, AMDG) and undercuts the 0.96% on Direxion's AAPU and GGLL.
  2. 02One dial, no moving parts: 200% of Grab's daily move before fees. No options to roll, no index to track, no margin account or swap agreement of your own.leverageshares.com
  3. 03Single-stock leverage skews US megacap (AAPU on Apple, GGLL on Alphabet). This one aims the same 2x machinery at Grab Holdings, a name outside that pack.

Worth knowing

  1. 01The 2x target is a one-day target. Hold longer and compounding takes over, so multi-day results can drift from twice Grab's move over the same stretch.leverageshares.com
  2. 02One company, doubled. An earnings miss, a regulatory shift or a single headline at Grab lands here at twice the size, with no other holdings to cushion it.
  3. 03It launched in December 2025 and has traded thinly since. Light volume tends to mean wider bid/ask spreads and more slippage on the way in and out.

GRAG Holdings

As of Sep 21, 2026, 6:57 PM
Asset class
Stocks
Holdings
4
Top-10 weight
209%
Largest holding
GRAB HOLDINGS SWAP CS148.5%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—GRAB HOLDINGS SWAP CS148.46%841,328$3M1
002—GRAB HOLDINGS SWAP MAR49.85%282,500$983K1
003—First American Treasury Obligations Fund 01/01/20409.44%186,134$186K147
004—GRAB HOLDINGS SWAP CF1.66%9,400$33K1

Showing 1–4 of 4 holdings

GRAG Performance

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

GRAG$3,275
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. GRAG $3,275. SPY $11,430. Use the arrow keys to read each point.$1,875$7,027$12,179Dec 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 GRAG. Periods over one year show the average yearly return.
PeriodGRAG
Year to date−67.2%
1 month−19.8%
3 months−24.6%
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 GRAG
YearReturn barGRAG
2026 YTD−67.2%
2025−7.8%

Since listing, Dec 11, 2025

GRAG in the news

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

GRAG 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 Dec 2025. No distributions yet.

GRAG 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 Dec 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 Dec 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 Dec 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.
1.40
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.

GRAG 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.

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