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MPGLeverage Shares 2X Long MP Daily ETF

Take a betNewRanked #444 of 771 in this goal

Seeks daily investment results of 200% of the daily percentage change in the price of MP common stock.

By Themes ETF Trust · Launched 2025

Annual Cost

0.76%

#3,892 of 5,573 · expensive

Fund Size

$6M

#5,002 of 5,573 · small

Return (1Y)Goal

N/A

Track Record

8 months

#4,914 of 5,573 · young

Performance

Total-return NAV · USD
Growth of $10,000
$5,608-43.9%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Strategy

Leveraged

Focus

Single Stock

What it actually holds

By weight

Concentration

Top 4 holdings = 5.1% of fundwell diversified

First American Treasury Obliga
21.0%
N/A
-0.5%
N/A
-6.0%
N/A
-9.4%

Asset allocation

Other
191.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-63.9%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks daily investment results of 200% of the daily percentage change in the price of MP common stock.
Strategy
Actively managed ETF that invests primarily in the common stock of MP and financial instruments providing 200% daily leveraged exposure. Utilizes swap agreements and options to achieve its investment objective, with daily rebalancing to maintain target exposure.
Inception date
October 24, 2025
Fund family
Themes ETF Trust

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged single stock
Critical

Most of these lose money

These funds amplify one stock's daily move, then reset every day. More than half of them have lost money outright, and the daily reset plus financing costs drag roughly 9.5% a year off the return. The longer you hold, the more that compounding works against you.

Sources: Bessembinder, 'Leveraged Single-Stock ETFs' (SSRN 2025)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-20