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NETG

GradeBNASDAQ Global Market

Leverage Shares 2x Long NET Daily ETF

Leveraged · Single-Stock Leveraged · LeverageShares · Inception 2025-11-17 · 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.

$25.01+0.11 (+0.44%)

As of Sep 23, 2026, 2:17 PM EDT

History starts Nov 17, 2025.History starts Nov 17, 2025.
Intraday session: up, 48 prints from 24.90 to 25.01. Range 24.88 to 26.42. Use the arrow keys to read each point.$25.50$26.00$26.5010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$12M
1Y return
—
Yield · Last 12 months
—
Holdings
4
Volume · 30D
0.3M sh
NAV per share
$24.68
52W range
low $7.40high $25.32

The ETF.net NETG Grade

B

64/ 100

Rank 22 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for NETG. Scores out of 100: Cost 67, Risk 68, Mission 93, Tradability 59, Holdings not scored, Durability 53. Strongest: Mission (93). Weakest: Durability (53). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 64 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 67
    Category rank138/380 · top 36%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 93
    Category rank69/147 · top 47%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 68
    Category rank70/285 · top 25%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 59
    Category rank134/380 · top 35%

  • 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 53
    Category rank176/380 · top 46%

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

Our read on NETG

ETF.net Research

BTwo times Cloudflare's daily move, priced at 0.75% a year. Leverage Shares got to this trade second and answered with the cheaper ticket, matching its house rate for 2x single-stock funds.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of Cloudflare, Inc. stock (NET).

Why people hold it

  1. 010.75% a year puts it under the typical 2x single-stock fee and matches Leverage Shares' house rate, below what Direxion charges on GGLL and AAPU.
  2. 02Clean single-name mechanics: 200% of Cloudflare's daily move, before fees. No basket, no index, nothing else diluting the trade.leverageshares.com
  3. 03Hits its stated 2x daily target closely, one of the tighter implementations in the leveraged single-stock group.

Worth knowing

  1. 01The leverage resets every day. Hold longer than a session and compounding pulls results away from 2x the stock's move, with choppy tape widening the gap.
  2. 02One company, doubled. An earnings print or a Cloudflare outage headline moves the entire position, with no other holdings to absorb it.
  3. 03Launched in November 2025 with a small asset base and no distributions, so it has less trading depth and track record behind it than entrenched funds.

NETG Holdings

As of Sep 21, 2026, 6:58 PM
Asset class
Stocks
Holdings
4
Top-10 weight
210%
Largest holding
CLOUDFLARE INC SWAP CS162.5%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—CLOUDFLARE INC SWAP CS162.49%30,023$9M1
002—CLOUDFLARE INC SWAP MAR31.21%5,766$2M1
003—First American Treasury Obligations Fund 01/01/204010.52%569,550$570K147
004—CLOUDFLARE INC SWAP CF6.22%1,150$337K1

Showing 1–4 of 4 holdings

NETG Performance

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

NETG$19,469
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. NETG $19,469. SPY $11,430. Use the arrow keys to read each point.$5,476$12,991$20,505Dec 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 NETG. Periods over one year show the average yearly return.
PeriodNETG
Year to date+94.7%
1 month+37.8%
3 months+133.2%
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 NETG
YearReturn barNETG
2026 YTD+94.7%
2025−7.8%

Since listing, Nov 17, 2025

NETG in the news

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

NETG 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.

NETG 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.
−1.52
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.

NETG 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.

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