ETF Education Report: Leverage Shares 2X Long GEV Daily ETF (GEVG)

What this ETF is trying to do

The Leverage Shares 2X Long GEV Daily ETF (GEVG) is a type of investment called a "leveraged" ETF. This means it is designed to move in a specific direction with more intensity than the underlying assets it tracks. Based on its name, it aims to provide double (2X) the daily performance of a specific target.

What the numbers show

As of October 5, 2026, the current price of GEVG is $23.62.

When looking at how the fund has performed this year, we look at two different numbers:

• Year-to-Date (YTD) Price Return: This measures how much the share price has changed since the start of the year. The YTD price return is approximately 74.67%.

• Year-to-Date (YTD) Total Return: This measures the overall return, including any cash payments made to investors. For this ETF, the YTD total return is also approximately 74.67%.

Because these two numbers are the same, it shows that the price movement accounts for the entire return reported so far. Please note that data for one-year and three-year returns was not supplied.

Income and distribution explanation

Some investors look for ETFs that pay them regular cash, known as "distributions." This is often called a "distribution yield." For GEVG, the distribution yield is 0%. No distributions have been detected over the last 12 months. Because there are no cash payments, this ETF is not currently providing income to investors.

NAV erosion explanation

"NAV erosion" is a term used when the value of the underlying assets in an ETF decreases over time. While some ETFs experience this, there is no "severe erosion-risk flag" for GEVG. The erosion score is currently withheld because there is not enough verified price history to provide a rating.

Top Holdings

The ETF's holdings can change over time. As of the most recent update on October 7, 2026, the fund has one reported holding:

• FIRST AMERICAN TREASURY OBLIGS X (FXFXX): 10.74%

Pros

• The ETF has shown a high YTD price return of approximately 74.67%.

Cons

• This is a leveraged ETF, which means it can be more volatile (move up or down more quickly) than standard funds.

• It does not currently provide any cash distributions or income.

Beginner takeaway

GEVG is a leveraged ETF that has seen significant price growth so far this year. However, it does not pay out regular cash to investors. Because it is a leveraged fund, its price movements are designed to be more intense than the assets it follows. Always remember that past performance does not guarantee what will happen in the future.