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XPEG

GradeCNASDAQ Global Market

Leverage Shares 2x Long XPEV Daily ETF

Leveraged · Single-Stock Leveraged · LeverageShares · Inception 2026-01-15

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.

$2.92−0.09 (−2.91%)

As of Sep 23, 2026, 2:10 PM EDT

History starts Jan 15, 2026.History starts Jan 15, 2026.
Intraday session: down, 29 prints from 3.01 to 2.92. Range 2.90 to 2.93. Use the arrow keys to read each point.$2.90$2.91$2.9310 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
$3.01
52W range
low $2.84high $15.89

The ETF.net XPEG Grade

C

40/ 100

Rank 209 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for XPEG. Scores out of 100: Cost 67, Risk 36, Mission 98, Tradability 35, Holdings not scored, Durability 40. Strongest: Mission (98). Weakest: Tradability (35). Based on 5 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 earned51This cap took−11Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 67
    Category rank163/380 · top 43%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 98
    Category rank15/147 · top 10%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 36
    Category rank200/285 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 35
    Category rank249/380 · 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 40
    Category rank244/380 · mid-pack

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

Our read on XPEG

ETF.net Research

CTwo times XPeng's daily move, in one US-listed ticker. XPEG uses swaps on the EV maker's ADR to double each day's swing (both directions), resets every night, and charges 0.75%.

Stated mandate

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

Why people hold it

  1. 01Fee of 0.75%, below the typical 2x single-stock fund and below Direxion's 2x names such as AAPU and GGLL.
  2. 02Plain mechanics: swaps plus the XPEV ADR target 200% of the stock's daily move, and the fund has stayed very close to that daily target.sec.gov
  3. 03A 1940 Act fund, so you get geared XPeng exposure without a margin account or an options chain, and you cannot lose more than you put in.sec.gov

Worth knowing

  1. 01Leverage resets daily. Hold longer than a day and results can drift far from 2x the stock's move, especially through choppy, back-and-forth stretches.sec.gov
  2. 02Small fund, thin trading. Spreads can widen, and the 2026 launch means a short track record to judge it by.
  3. 03One Chinese EV maker's ADR is the whole portfolio, and the fund has paid no distributions.sec.gov

XPEG Holdings

As of Sep 21, 2026, 6:58 PM
Asset class
Stocks
Holdings
4
Top-10 weight
206%
Largest holding
XPENG INC SWAP CS155.4%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—XPENG INC SWAP CS155.44%171,253$2M1
002—XPENG INC SWAP MAREX43.98%48,457$591K1
003—First American Treasury Obligations Fund 01/01/20405.97%80,142$80K147
004—XPENG INC SWAP CF0.56%620$8K1

Showing 1–4 of 4 holdings

XPEG Performance

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

XPEG$5,663
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. XPEG $5,663. SPY $10,415. Use the arrow keys to read each point.$5,010$8,145$11,280Jun 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 XPEG. Periods over one year show the average yearly return.
PeriodXPEG
Year to dateFund launched this year—
1 month−28.6%
3 months−43.4%
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 XPEG
YearReturn barXPEG
2026 YTD−80.5%

Since listing, Jan 15, 2026

XPEG in the news

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

XPEG 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 Jan 2026. No distributions yet.

XPEG 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 Jan 2026; 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 Jan 2026; 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 Jan 2026; 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.
0.50
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.

XPEG 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.

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