Understanding the Leverage Shares 2x Long TSLA Daily ETF (TSLG)

The Leverage Shares 2x Long TSLA Daily ETF (TSLG) is a leveraged, single-stock ETF designed to provide twice the daily return of Tesla stock. It is built for traders who want a high-risk way to bet on the daily price movements of one specific company.

What the Numbers Show

The recent data for TSLG shows a significant decline in share price. The current price is $5.21. An estimated price from roughly one year ago was $10.02.

Looking at the returns:

• Year-to-Date (YTD) Price Return: -44.10%

• One-Year Price Return: -48.00%

• One-Year Total Return: -44.67%

The "price return" measures only the change in the share price. The "total return" includes the impact of distributions. In this case, both figures show a steep decline over the last year.

Income and Distribution Explanation

TSLG has a distribution yield of approximately 11.71%. Over the last 12 months, it has made only one payout, totaling $0.61 per share. The distribution frequency is listed as irregular or less frequent.

It is important for beginners to know that a high distribution yield can be misleading. While the ETF paid out cash, the total return was still -44.67%. This means the cash distributions did not make up for the large drop in the share price.

Price and NAV Erosion Explanation

The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

However, the price-based evidence is significant. TSLG has a severe erosion-risk flag and an erosion score of 10, which is labeled as "Severe price erosion." This means the split-adjusted price trend and the erosion score have triggered a warning about the fund's price deterioration.

Top Holdings

As of October 12, 2026, the ETF's holdings include:

• First American Treasury Obligs X (FXFXX): 13.21%

Pros

• Leverage: It allows investors to seek double the daily movement of Tesla.

• Income: It has provided a distribution yield of 11.71% over the last year.

Cons

• High Price Decline: The share price has dropped nearly 50% over the last year.

• Severe Risk: It carries a severe erosion-risk flag.

• Irregular Income: Payouts are not consistent or frequent.

Beginner Takeaway

TSLG is a high-risk tool, not a traditional long-term investment. While it offers a high distribution yield, the severe price erosion shows that investors can still lose a large amount of their original principal even while receiving cash payments. This ETF is designed for short-term daily goals rather than stable, long-term growth.