ETF Education Report: Leverage Shares 2X Long PBR Daily ETF (PBRG)

What this ETF is trying to do

The Leverage Shares 2X Long PBR Daily ETF (PBRG) is a type of fund known as a "leveraged" ETF. This means it uses financial tools to try and multiply the daily performance of an underlying asset. In this case, it is designed to provide twice the daily movement of its target.

What the numbers show

As of October 5, 2026, the current price of PBRG is $60.29.

When looking at how the fund has performed this year, we look at two different numbers: price return and total return.

• Price Return: This measures only the change in the share price. For PBRG, the year-to-date (YTD) price return is approximately 275.77%.

• Total Return: This measures the change in price plus any cash payments (distributions) made to investors. The YTD total return is also approximately 275.77%.

Because the price return and total return are the same, it shows that all the growth came from the share price itself. 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, called distributions. For PBRG, the distribution yield is 0%. No distributions have been detected over the last 12 months. Because there are no cash payments, this fund is not currently providing income to shareholders.

NAV erosion explanation

"NAV erosion" refers to a situation where the value of the underlying assets in a fund decreases over time. While some funds experience this, there is no severe erosion-risk flag for PBRG. The erosion score is currently withheld because there is not enough verified price history available to provide a rating.

Pros

• The fund has shown very high year-to-date price growth of approximately 275.77%.

Cons

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

• The fund does not currently provide any cash income or distributions.

Beginner takeaway

PBRG is a leveraged ETF that has seen significant price growth so far this year. However, it does not pay out cash distributions. Because it is a leveraged fund, its price can move very quickly in both directions. Always remember that high growth in the past does not guarantee what will happen in the future.