What this ETF is trying to do

The Leverage Shares 2X Long NU Daily ETF (NUG) is a leveraged ETF. This means it uses financial tools to try and multiply the daily movement of a specific asset. Specifically, it aims for "2X Long" performance, which means it seeks to double the daily return of its target.

What the numbers show

As of October 5, 2026, the share price of NUG is $10.48.

Looking at the performance so far this year (Year-to-Date), the ETF has seen a share-price decline. The ytd_price_return is -35.65%. Because there have been no distributions, the ytd_total_return is also -35.65%.

Data for one-year and three-year returns was not supplied.

Income and distribution explanation

Some investors buy ETFs to get regular cash payments, known as distributions. However, NUG is not designed for this. The distribution yield is 0%, and there have been no payouts in the last 12 months. It has an income rating grade of "F."

NAV erosion explanation

"NAV erosion" happens when the value of an ETF's underlying assets declines over time, often making it hard for the share price to recover.

For this ETF, the erosion severity is listed as "unknown" because there is not enough verified price history to create a score. The severe erosion-risk flag is currently false.

Top Holdings

As of October 7, 2026, the ETF holds one asset:

• First American Treasury Obligs X (FXFXX): 12.57%

Please note that holdings can change over time.

Pros

• It provides a way for investors to seek doubled daily returns on its target asset.

• It does not currently have a severe erosion-risk flag.

Cons

• It has experienced a significant share-price decline so far this year (-35.65%).

• It provides no cash income or distributions for investors.

• Leveraged ETFs are generally more complex than standard ETFs.

Beginner takeaway

NUG is a leveraged tool meant for short-term daily goals, not for earning steady income. It has lost over a third of its value so far this year. New investors should remember that a high distribution yield is one way to measure income, but since this ETF has a 0% yield, it does not provide cash flow. Always distinguish between price return (the change in share price) and total return (which includes distributions).