What this ETF is trying to do

The Leverage Shares 2x Long AMD Daily ETF (AMDG) is a leveraged ETF. This means it uses financial tools to try and double the daily movement of a specific stock. In this case, it focuses on Advanced Micro Devices Inc (AMD). It is designed for investors who want more exposure to AMD than a regular share of the stock would provide.

What the numbers show

As of October 5, 2026, the share price is $142.57.

The ETF has seen significant growth recently:

• Year-to-Date (YTD) Price Return: Approximately 438.19%.

• One-Year Price Return: Approximately 603.01%. This measures only the change in the share price.

• One-Year Total Return: Approximately 680.92%. This is a broader measure that includes both the share-price change and distributions.

To put the one-year price return in perspective, if you had invested $10,000 in this ETF roughly one year ago (when the estimated price was $20.28), the price growth alone would have increased that investment significantly.

Income and distribution explanation

This ETF has a distribution yield of approximately 2.08%. Over the last 12 months, it has made one payout totaling $2.97 per share. The distribution frequency is listed as irregular or less frequent.

It is important for beginners to remember that a distribution yield is not the same as a total return. While distributions provide cash income, they do not guarantee that the original money invested (the principal) is safe.

NAV erosion explanation

"NAV erosion" happens when the value of an ETF's underlying assets wears away over time, often causing the share price to drop even if the market seems stable.

For this ETF, the erosion-risk score is 100, and the erosion severity is labeled as "good." The data states that no price erosion has been detected, and the severe erosion-risk flag is false.

Top Holdings

As of October 7, 2026, the ETF holds two assets:

• Advanced Micro Devices Inc (AMD): 69.83%

• First American Treasury Obligs X (FXFXX): 14.15%

Pros

• High Recent Growth: The ETF has shown very high price and total returns over the last year and year-to-date.

• Low Erosion Risk: Current measurements show no detected price erosion.

Cons

• Leverage Risk: Because this is a leveraged ETF, it is more volatile than a standard ETF.

• Irregular Income: Distributions are not frequent or predictable.

Beginner takeaway

AMDG is a high-power tool used to bet on the daily success of AMD. While the recent returns are very high, leveraged ETFs are different from regular stocks. High yields or past returns do not guarantee future results. Investors typically look for principal stability to ensure their original investment doesn't disappear while they collect income.