What this ETF is trying to do

The Leverage Shares 2X Long XPEV Daily ETF (XPEG) 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 provide twice the daily return of its target.

What the numbers show

As of October 5, 2026, the current price of XPEG is $2.41.

There is currently no data available for the year-to-date, one-year, or three-year price and total returns. Because there is not enough verified price history, an erosion score has not been provided.

Top Holdings

As of October 7, 2026, the ETF has one holding:

• FIRST AMERICAN TREASURY OBLIGS X (FXFXX): 6.52%

Please keep in mind that holdings can change over time.

Income and distribution explanation

This ETF does not currently pay out cash to investors. The distribution yield is 0%, and there have been no payouts in the last 12 months. Because it does not provide income, it has an income rating grade of "F."

For new investors, it is important to know that a high distribution yield alone can be misleading. While some ETFs pay high amounts of cash, that does not always mean the investment is growing.

NAV erosion explanation

NAV erosion happens when the value of an ETF's underlying assets declines over time, even if the share price seems stable. In this case, the severe erosion-risk flag is false, meaning the specific warning triggers for price deterioration were not met. However, because the erosion score is withheld due to insufficient history, there is no specific measurement of erosion risk available.

Pros

• The ETF provides a way to get leveraged exposure to its target asset.

• There is currently no severe erosion-risk flag.

Cons

• It does not provide any cash distributions or income for investors.

• There is a lack of available historical return data (YTD, 1-year, and 3-year).

• It has a very low income rating grade.

Beginner takeaway

XPEG is a specialized tool designed for daily leveraged movement, not for earning steady income. It does not pay dividends, and there is very little historical performance data available to review. Investors who care about principal stability should be aware that leveraged ETFs behave differently than standard ETFs.