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NUG

GradeCNASDAQ Global Select

Leverage Shares 2X Long NU 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.

$8.93−0.48 (−5.12%)

As of Sep 23, 2026, 2:08 PM EDT

History starts Dec 1, 2025.History starts Dec 1, 2025.
Intraday session: down, 27 prints from 9.41 to 8.93. Range 8.88 to 9.52. Use the arrow keys to read each point.$9.20$9.4010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$1M
1Y return
—
Yield · Last 12 months
—
Holdings
4
Volume · 30D
0M sh
NAV per share
$9.26
52W range
low $6.40high $20.43

The ETF.net NUG Grade

C

40/ 100

Rank 183 of 380 in Single-Stock Long Leveraged⁠

Confidence Medium

Six-pillar profile for NUG. Scores out of 100: Cost 67, Risk 52, Mission not scored, Tradability 39, Holdings not scored, Durability 42. Strongest: Cost (67). Weakest: Tradability (39). Based on 4 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 earned55This cap took−15Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 67
    Category rank140/380 · top 37%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 52
    Category rank119/285 · top 42%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 39
    Category rank228/380 · mid-pack

  • 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 42
    Category rank232/380 · mid-pack

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on NUG

ETF.net Research

CMost leveraged single-stock ETFs point at US megacap tech. NUG aims the same machinery at Nu Holdings, seeking 200% of that one stock's daily move, and charges less than the typical fund in its leveraged single-stock peer group.

Stated mandate

The fund seeks daily investment results, before fees and expenses, corresponding to 200% of the daily performance of Nu Holdings Ltd. stock.

Why people hold it

  1. 010.75% a year, below the typical fee in its leveraged single-stock peer group and in line with the issuer's other 2x daily funds (UNHG, ASMG, AMDG).
  2. 02The mandate leaves nothing to interpretation: 200% of Nu Holdings' daily performance before fees and expenses. No stock picking, no options overlay, no manager discretion.
  3. 03A leveraged wrapper on a name outside the usual megacap tech lineup that dominates this cohort, so the exposure is genuinely hard to find elsewhere in ETF form.
  4. 04Built as a 1940 Act registered fund, the same regulatory wrapper as mainstream ETFs, rather than a commodity-pool style trust.

Worth knowing

  1. 01The leverage resets every day. Returns compound off a new base each morning, so over choppy stretches the result can land well away from 2x the stock's move for that period.
  2. 02Two times the daily move of one company, with no basket to cushion it. Single-stock news lands here at double strength, in both directions.
  3. 03Launched in late 2025 and starting out small and lightly traded, so spreads can run wider than on the megacap-linked leveraged ETFs. Limit orders matter here.

NUG Holdings

As of Sep 21, 2026, 6:58 PM
Asset class
Stocks
Holdings
4
Top-10 weight
212%
Largest holding
NU HLDGS LTD SWAP CS115.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—NU HLDGS LTD SWAP CS115.75%145,389$2M1
002—NU HLDGS LTD SWAP CF43.39%54,500$795K1
003—NU HLDGS LTD SWAP MAR40.84%51,300$748K1
004—First American Treasury Obligations Fund 01/01/204012.33%225,836$226K147

Showing 1–4 of 4 holdings

NUG Performance

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

NUG$11,408
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. NUG $11,408. SPY $10,415. Use the arrow keys to read each point.$9,034$11,733$14,433Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – 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 NUG. Periods over one year show the average yearly return.
PeriodNUG
Year to dateHistory unavailable—
1 month−7.4%
3 months+14.1%
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 return data is unavailable.

NUG in the news

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

NUG 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.

NUG 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.
0.41
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.

NUG 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.

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