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Launched · SEC filings

Leverage Shares 2x Long MP Daily ETF

MPGNasdaqLeverageSharesCThis 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.

$2.31−0.15 (−6.10%)

At close: Nov 2, 2026, 4:00 PM ET

C40/ 100

Rank 136 of 380 in Single-Stock Long Leveraged

C40/100Rank 136 of 380inSingle-Stock Long Leveraged
Intraday session: down, 79 prints from 2.46 to 2.31. Range 2.31 to 2.63. Use the arrow keys to read each point.2.352.402.502.552.6010 AM12 PM2 PM4 PM
Expense ratio
0.76%
Fund size
$3M
1Y total return
−79.1%
Yield · Last 12 months
No data
Holdings
5
Avg volume · 30D
259K sh
52W range
low $2.22high $13.40
Launched
Filings
SEC EDGAR

The ETF.net MPG Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
136 of 380
Six-pillar profile for MPG. Scores out of 100: Cost 70, Risk 47, Mission 99, Tradability 59, Holdings not scored, Durability 48. Strongest: Mission (99). Weakest: Risk (47). 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
60
This cap took
−20
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.
    A99 out of 100
    Rank 4 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C47 out of 100
    Rank 186 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B59 out of 100
    Rank 135 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.
    C48 out of 100
    Rank 199 of 380

Our read on MPG

ETF.net Research

In short

CTwo times the daily move of MP Materials, owner of Mountain Pass, North America's only active, scaled rare earth site. A supply-chain trade with the volume turned up, at 0.76% a year with no waiver propping up the number.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of MP Materials Corp. stock (MP).

Why people hold it

  • 0.76% a year, gross and net identical, no fee waiver doing the work, and below the typical fee in the single-stock leveraged crowd.
  • One holding, one job: 200% of MP Materials' daily move, the US rare earth magnet story with leverage attached.mpmaterials.com
  • Trades like a stock: no margin account, no margin calls, and exposure limited to what you put in, per the issuer factsheet.leverageshares.com
  • Day to day, results have hugged the stated 2x target closely, which is the whole point of a daily-reset product.

Worth knowing

  • The 2x resets daily. Hold for weeks and compounding takes the wheel; choppy stretches can leave you short of 2x the stock's move.leverageshares.com
  • One company, no diversification. MP Materials swings hard on policy and rare earth headlines, and this doubles those swings both ways.mpmaterials.com
  • Launched in 2025 and still a small fund with moderate volume, so spreads can run wider than on the category's giants.

MPG Performance

Launched Oct 27, 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.
MPG$2,092
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. MPG $2,092. SPY $11,199. Use the arrow keys to read each point.$2,500$5,000$7,500$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 MPG. Periods over one year show the average yearly return.
PeriodMPG
Year to date−63.3%
1 month−33.0%
3 months−19.1%
1 year−79.1%
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 MPG
YearReturn barMPG
2026 YTD−63.3%
2025−43.0%

History from Oct 31, 2025

MPG in the news

MPG Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

MPG Risk

Risk pillarC47 out of 100Rank 186 of 368 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.
142.7%
Annualised · 12 months to Oct 2026
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.
−0.48
vs 3-month T-bills · 12 months to Oct 2026
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.
No data available
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.
7.82
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.

MPG Cost

Compare MPG and GOGL

Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged

$10,501

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

  • MPG 0.76%

    $14,656

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • MPG 0.76%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530MPG $14,656GOGL $4,155

Year by year

YearMPGGOGLOverpaying
10$1,353$365$988
20$5,142$1,421$3,721
30$14,656$4,155$10,501

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