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PYPG

GradeBNASDAQ Global Select

Leverage Shares 2x Long PYPL Daily ETF

Leveraged · Single-Stock Leveraged · LeverageShares · Inception 2025-04-04

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.

$6.95−0.09 (−1.21%)

As of Sep 23, 2026, 2:24 PM EDT

History starts Apr 4, 2025.
Intraday session: down, 56 prints from 7.03 to 6.95. Range 6.75 to 7.06. Use the arrow keys to read each point.$6.80$6.90$7.0010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$14M
1Y return
−56.1%
Yield · Last 12 months
—
Holdings
4
Volume · 30D
0.6M sh
NAV per share
$6.96
52W range
low $4.41high $20.91

The ETF.net PYPG Grade

B

64/ 100

Rank 21 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for PYPG. Scores out of 100: Cost 67, Risk 48, Mission 96, Tradability 77, Holdings not scored, Durability 61. Strongest: Mission (96). Weakest: Risk (48). 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 rank149/380 · top 39%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 96
    Category rank32/147 · top 22%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 48
    Category rank140/285 · top 49%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 77
    Category rank54/380 · top 14%

  • 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.
    BScore 61
    Category rank124/380 · top 33%

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

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 Sep 21, 2026, 6:58 PM
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$2M147

Showing 1–4 of 4 holdings

PYPG Performance

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

PYPG$4,386
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. PYPG $4,386. SPY $11,723. Use the arrow keys to read each point.$2,125$7,614$13,103Sep 2025Mar 2026Sep 2026

Sep 22, 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 PYPG. Periods over one year show the average yearly return.
PeriodPYPG
Year to date−37.0%
1 month−28.8%
3 months+41.7%
1 year−56.1%
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 PYPG
YearReturn barPYPG
2026 YTD−37.0%
2025−16.5%

Since listing, Apr 4, 2025

PYPG in the news

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

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.
82.4%
Annualised · 16 months to Aug 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 · 16 months to Aug 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%
17 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.
1.28
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%

85 of the 329 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.