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Launched

Themes ETF Trust - Leverage Shares 2X Long PBR Daily ETF

PBRGNasdaqCThis 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.

$66.96+0.23 (+0.34%)

At close: Oct 13, 2026, 4:00 PM

C40/ 100

Rank 131 of 380 in Single-Stock Long Leveraged

C40/100Rank 131 of 380inSingle-Stock Long Leveraged
Intraday session: up, 34 prints from 66.73 to 66.96. Range 65.38 to 67.16. Use the arrow keys to read each point.65.5066.0066.5010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$2M
1Y total return
—
Yield · Last 12 months
—
Holdings
4
Avg volume · 30D
0M sh
NAV per share
$66.07
52W range
low $14.83high $68.48
Launched

The ETF.net PBRG Grade

Based on 4 of 6 pillars

C

Score 40 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
131 of 380
Six-pillar profile for PBRG. Scores out of 100: Cost 67, Risk 84, Mission not scored, Tradability 56, Holdings not scored, Durability 41. Strongest: Risk (84). Weakest: Durability (41). Based on 4 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
67
This cap took
−27
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B67 out of 100
    Rank 87 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A84 out of 100
    Rank 22 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B56 out of 100
    Rank 143 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.
    C41 out of 100
    Rank 233 of 380

PBRG Holdings

As of Oct 11, 2026
Asset class
Stocks
Holdings
4
Top-10 weight
217%
Largest holding
Petroleo Brasileiro SA Petro Swap Cs140.4%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Petroleo Brasileiro SA Petro Swap Cs140.41%82,972$2M1
002—Petroleo Brasileiro SA Petro Mar57.51%33,986$651K1
003—First American Treasury Obligations Fund 01/01/204017.16%194,213$194K151
004—Petroleo Brasileiro SA Petro Swap Cf2.04%1,203$23K1

Showing 1–4 of 4 holdings

PBRG Performance

Launched Dec 18, 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.Not enough history yet.
PBRG$41,579
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,500
Dec 31, 2025 to Oct 12, 2026. PBRG $41,579. SPY $11,500. Use the arrow keys to read each point.$6,744$25,452$44,159Dec 2025May 2026Oct 2026

Dec 31, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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 PBRG. Periods over one year show the average yearly return.
PeriodPBRG
Year to date+315.8%
1 month+40.3%
3 months+111.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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 PBRG
YearReturn barPBRG
2026 YTD+315.8%
2025+7.6%

Since listing, Dec 18, 2025

PBRG in the news

Filtered to PBRG · Single-Stock Long Leveraged

PBRG 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 Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Dec 2025. No distributions yet.

PBRG 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.
−2.49
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.

PBRG Cost

Expense ratio0.75%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

86 of the 333 Single-Stock Long Leveraged funds charge less.

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

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