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Launched · SEC filings

Leverage Shares 2x Long PYPL Daily ETF

PYPGNasdaqBThis 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.

$7.83+0.04 (+0.51%)

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

B65/ 100

Rank 17 of 380 in Single-Stock Long Leveraged

B65/100Rank 17 of 380inSingle-Stock Long Leveraged
Intraday session: up, 49 prints from 7.79 to 7.83. Range 7.75 to 7.85. Use the arrow keys to read each point.7.767.807.8410 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$15M
1Y total return
−53.2%
Yield · Last 12 months
—
Holdings
4
Avg volume · 30D
0.5M sh
NAV per share
$7.66
52W range
low $4.41high $20.91
Launched
Filings
SEC EDGAR

The ETF.net PYPG Grade

Based on 5 of 6 pillars

B

Score 65 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
17 of 380
Six-pillar profile for PYPG. Scores out of 100: Cost 67, Risk 50, Mission 98, Tradability 80, Holdings not scored, Durability 60. Strongest: Mission (98). Weakest: Risk (50). Based on 5 of 6 pillars.

Score 65 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • 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.
    A98 out of 100
    Rank 15 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C50 out of 100
    Rank 164 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A80 out of 100
    Rank 42 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.
    B60 out of 100
    Rank 127 of 380

Our read on PYPG

ETF.net Research

BA one-stock trading tool: PYPG aims to deliver 200% of PayPal's daily move, reset every day. Leverage Shares runs it at 0.75%, below the typical fee in the leveraged single-stock crowd, which matters when the meter runs daily.

Stated mandate

Seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of PayPal Holdings stock.

Why people hold it

  1. 01Costs 0.75% a year, meaningfully under the going rate for leveraged single-stock ETFs, where fees near and above 1% are the norm.
  2. 02Hits its 2x daily target closely, which is the whole job here; one of the tighter implementations among leveraged single-stock funds.
  3. 03One clean mandate: 200% of PayPal's daily move, in a 1940 Act ETF wrapper, no margin account or options approval involved.leverageshares.com

Worth knowing

  1. 01The 2x target resets daily. Hold longer and compounding takes over, so multi-day results can drift well away from twice PayPal's move, especially in choppy tape.leverageshares.com
  2. 02All the risk of one payments company, doubled. An earnings gap or a headline in PayPal shows up here at double size.
  3. 03Launched in 2025 and pays no distributions, so there is a short track record and nothing arriving as income.

PYPG Holdings

As of Oct 11, 2026
Asset class
Stocks
Holdings
4
Top-10 weight
210%
Largest holding
PayPal Hldgs Inc Swap - L - Clearstreet113.9%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—PayPal Hldgs Inc Swap - L - Clearstreet113.92%362,781$22M1
002—PayPal Hldgs Inc Swap - L - Cantor55.94%178,150$11M1
003—PayPal Hldgs Inc Swap - L - Marex30.12%95,915$6M1
004—First American Treasury Obligations Fund 01/01/20409.56%1,873,112$2M151

Showing 1–4 of 4 holdings

PYPG Performance

Launched Apr 4, 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.
PYPG$4,679
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. PYPG $4,679. SPY $12,044. Use the arrow keys to read each point.$2,110$7,453$12,796Oct 2025Apr 2026Oct 2026

Oct 10, 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 PYPG. Periods over one year show the average yearly return.
PeriodPYPG
Year to date−30.1%
1 month+7.0%
3 months+32.9%
1 year−53.2%
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 PYPG
YearReturn barPYPG
2026 YTD−30.1%
2025−16.5%

Since listing, Apr 4, 2025

PYPG in the news

Filtered to PYPG · Single-Stock Long Leveraged

PYPG Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

PYPG 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.
79.8%
Annualised · 17 months to Sep 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.
−0.49
vs 3-month T-bills · 17 months to Sep 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.
−79.5%
18 months · trough Feb 2026
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.
1.24
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.

PYPG 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.

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

Other funds in Single-Stock Long Leveraged

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