- Issuer
- Leverage Shares
- Inception Date
- Jul 10, 2025
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $4M
Share Price Chart
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Performance
AALG Performance Chart
Leverage Shares 2X Long AAL Daily ETF (AALG) is down 19.2% since the beginning of the year. AALG is currently trading at $14 per share.
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Returns By Period
Leverage Shares 2X Long AAL Daily ETF
- 1D
- 4.68%
- 1M
- 34.11%
- YTD
- -19.24%
- 6M
- -16.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- -0.17%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 22.93%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
AALG Monthly Returns History
Based on dividend-adjusted daily data since Jul 11, 2025, AALG's average daily return is +0.20%, while the average monthly return is +3.85%. At this rate, an investment would double in approximately 1.5 years.
Historically, 58% of months were positive and 42% were negative. The best month was May 2026 with a return of +52.2%, while the worst month was Mar 2026 at -34.8%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, AALG closed higher 51% of trading days. The best single day was Aug 12, 2025 with a return of +24.2%, while the worst single day was Jul 24, 2025 at -18.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -26.71% | -6.39% | -34.81% | 15.24% | 52.19% | 2.96% | -19.24% | ||||||
| 2025 | -17.04% | 31.15% | -30.81% | 32.11% | 11.45% | 16.90% | 29.58% |
Benchmark Metrics
Leverage Shares 2X Long AAL Daily ETF has an annualized alpha of -18.45%, beta of 3.74, and R2 of 0.24 versus S&P 500 Index. Calculated based on daily prices since July 11, 2025.
- This ETF participated in 278.91% of S&P 500 Index downside but only 154.26% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.24 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -18.45%
- Beta
- 3.74
- R²
- 0.24
- Upside Capture
- 154.26%
- Downside Capture
- 278.91%
Expense Ratio
AALG has an expense ratio of 0.78%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Leverage Shares 2X Long AAL Daily ETF (AALG) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AALG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.53 | — |
| Martin ratioReturn relative to average drawdown | — | 11.37 | — |
Dividends
Dividend History
Leverage Shares 2X Long AAL Daily ETF provided a 1.93% dividend yield over the last twelve months, with an annual payout of $0.28 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.28 | $0.28 |
Dividend yield | 1.93% | 1.56% |
Monthly Dividends
The table displays the monthly dividend distributions for Leverage Shares 2X Long AAL Daily ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.28 | $0.28 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Leverage Shares 2X Long AAL Daily ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Leverage Shares 2X Long AAL Daily ETF was 64.19%, occurring on Mar 30, 2026. The portfolio has not yet recovered.
The current Leverage Shares 2X Long AAL Daily ETF drawdown is 28.57%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -64.19%Mar 2026 | 3mo 7d | — | 5mo 22dDec 2025 - now |
2025 bear market2025 | -32.55%Sep 2025 | 1mo 6d | 2mo 3d | 3mo 9dAug 2025 - Dec 2025 |
2025 bear market2025 | -25.56%Aug 2025 | 8d | 11d | 19dJul 2025 - Aug 2025 |
2025 pullback2025 | -9.80%Aug 2025 | 1d | 1d | 2dAug 2025 - Aug 2025 |
2025 pullback2025 | -6.45%Dec 2025 | 0s | 5d | 5dDec 2025 - Dec 2025 |
Drawdown Indicators
| AALG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.19% | -56.78% | -7.41% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -28.57% | -2.34% | -26.23% |
Average DrawdownAverage peak-to-trough decline | -25.69% | -10.72% | -14.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.02% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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