- ISIN
- US88340F6051
- CUSIP
- 88340F605
- Issuer
- Leverage Shares
- Inception Date
- Dec 18, 2025
- Region
- North America (United States)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- Snap Inc. (SNAP)
- Asset Class
- Equity
Share Price Chart
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Performance
SNAG Performance Chart
Leverage Shares 2X Long SNAP Daily ETF (SNAG) is down 74.3% since the beginning of the year. SNAG is currently trading at $4 per share.
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Returns By Period
Leverage Shares 2X Long SNAP Daily ETF
- 1D
- -1.76%
- 1M
- -37.19%
- YTD
- -74.25%
- 6M
- -73.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SNAG Monthly Returns History
Based on dividend-adjusted daily data since Dec 18, 2025, SNAG's average daily return is -0.69%, while the average monthly return is -10.82%.
Historically, 29% of months were positive and 71% were negative. The best month was Apr 2026 with a return of +65.0%, while the worst month was Feb 2026 at -46.4%. The longest winning streak lasted 1 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SNAG closed higher 44% of trading days. The best single day was Mar 31, 2026 with a return of +26.2%, while the worst single day was Feb 5, 2026 at -27.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -28.32% | -46.43% | -26.49% | 65.03% | -12.79% | -36.61% | -74.25% | ||||||
| 2025 | 9.86% | 9.86% |
Benchmark Metrics
Leverage Shares 2X Long SNAP Daily ETF has an annualized alpha of -94.15%, beta of 4.85, and R2 of 0.30 versus S&P 500 Index. Calculated based on daily prices since December 18, 2025.
- This ETF participated in 383.31% of S&P 500 Index downside but only 63.09% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.30 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -94.15%
- Beta
- 4.85
- R²
- 0.30
- Upside Capture
- 63.09%
- Downside Capture
- 383.31%
Expense Ratio
SNAG has an expense ratio of 0.75%, 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 SNAP Daily ETF (SNAG) 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.
| SNAG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
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 SNAP 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 SNAP Daily ETF was 81.94%, occurring on Mar 27, 2026. The portfolio has not yet recovered.
The current Leverage Shares 2X Long SNAP Daily ETF drawdown is 78.17%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -81.94%Mar 2026 | 2mo 19d | — | 5mo 17dJan 2026 - now |
2025 pullback2025 | -3.57%Dec 2025 | 0s | 7d | 7dDec 2025 - Dec 2025 |
2025 pullback2025 | -2.79%Dec 2025 | 1d | 3d | 4dDec 2025 - Dec 2025 |
Drawdown Indicators
| SNAG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.94% | -56.78% | -25.16% |
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 | -78.17% | -1.80% | -76.37% |
Average DrawdownAverage peak-to-trough decline | -55.54% | -10.71% | -44.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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