- ISIN
- US88340F6960
- CUSIP
- 88340F696
- Issuer
- Leverage Shares
- Inception Date
- Dec 18, 2025
- Region
- Latin America (Brazil)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- Vale S.A. (VALE)
- Asset Class
- Equity
Share Price Chart
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Performance
VALG Performance Chart
Leverage Shares 2X Long VALE Daily ETF (VALG) is up 24.1% since the beginning of the year. VALG is currently trading at $19 per share.
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Returns By Period
Leverage Shares 2X Long VALE Daily ETF
- 1D
- -1.55%
- 1M
- -13.41%
- YTD
- 24.13%
- 6M
- 29.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
VALG Monthly Returns History
Based on dividend-adjusted daily data since Dec 18, 2025, VALG's average daily return is +0.30%, while the average monthly return is +4.98%. At this rate, an investment would double in approximately 1.2 years.
Historically, 57% of months were positive and 43% were negative. The best month was Jan 2026 with a return of +47.6%, while the worst month was Mar 2026 at -16.7%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 2 months.
On a daily basis, VALG closed higher 54% of trading days. The best single day was Feb 3, 2026 with a return of +10.7%, while the worst single day was Apr 29, 2026 at -13.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 47.56% | 12.31% | -16.65% | 3.73% | -2.54% | -11.11% | 24.13% | ||||||
| 2025 | 1.57% | 1.57% |
Benchmark Metrics
Leverage Shares 2X Long VALE Daily ETF has an annualized alpha of 17.35%, beta of 2.80, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since December 18, 2025.
- This ETF captured 343.28% of S&P 500 Index gains and 185.61% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.27 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
- 17.35%
- Beta
- 2.80
- R²
- 0.27
- Upside Capture
- 343.28%
- Downside Capture
- 185.61%
Expense Ratio
VALG 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 VALE Daily ETF (VALG) 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.
| VALG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
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 VALE 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 VALE Daily ETF was 36.93%, occurring on Mar 20, 2026. The portfolio has not yet recovered.
The current Leverage Shares 2X Long VALE Daily ETF drawdown is 28.16%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -36.93%Mar 2026 | 22d | — | 3mo 26dFeb 2026 - now |
2026 correction2026 | -16.54%Feb 2026 | 5d | 8d | 13dFeb 2026 - Feb 2026 |
2026 correction2026 | -10.68%Jan 2026 | 0s | 4d | 4dJan 2026 - Feb 2026 |
2026 pullback2026 | -8.52%Feb 2026 | 1d | 5d | 6dFeb 2026 - Feb 2026 |
2026 pullback2026 | -5.72%Jan 2026 | 0s | 1d | 1dJan 2026 - Jan 2026 |
Drawdown Indicators
| VALG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.93% | -56.78% | +19.85% |
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 | -28.16% | -2.49% | -25.67% |
Average DrawdownAverage peak-to-trough decline | -13.08% | -10.72% | -2.36% |
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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