# Leverage Shares 2x Long SPOT Daily ETF (SPOG) ETF > **Source:** Stock Expert AI ([https://www.stockexpertai.com/etf/spog](https://www.stockexpertai.com/etf/spog)) > **Markdown feed:** https://www.stockexpertai.com/etf/spog.md > **Last updated:** 2026-03-15 UTC > **Disclaimer:** This is not financial advice. Educational purposes only. ## Quick Answer The Leverage Shares 2x Long SPOT Daily ETF (SPOG) is designed for active traders seeking amplified short-term exposure to SPOT stock. As a 2x leveraged ETF, SPOG aims to deliver two times the daily performance of SPOT, before fees and expenses. With an expense ratio of 0.75% and an AUM of $0.00B, SPOG provides a high-risk, high-reward opportunity for those looking to capitalize on short-term movements in SPOT. Past performance does not guarantee future results. ## Fund Snapshot - **Fund Name:** Leverage Shares 2x Long SPOT Daily ETF - **Symbol:** SPOG - **Asset Class:** Equity - **Issuer:** LeverageShares - **Domicile:** US - **Expense Ratio:** 0.75% - **NAV:** $8.78 - **AUM:** $3.82M - **Inception Date:** 2025-11-17 - **Holdings Count:** 4 - **Dividend Yield:** 0.00% - **Beta:** 0.00 ## About Leverage Shares 2x Long SPOT Daily ETF The Leverage Shares 2x Long SPOT Daily ETF (SPOG) is a 2x Daily Leveraged (Bull) ETF designed for active traders seeking to magnify short-term results. The SPOG ETF aims to achieve two times (200%) the daily performance of SPOT stock, minus fees and expenses. ## Investment Strategy The Leverage Shares 2x Long SPOT Daily ETF (SPOG) offers a leveraged approach to gaining exposure to SPOT stock. This ETF is specifically designed for sophisticated, active traders who seek to magnify their daily returns based on the performance of SPOT. By employing a 2x leverage factor, SPOG aims to double the daily percentage change in SPOT's price, both positive and negative. It is crucial to understand that this ETF resets daily, making it unsuitable for long-term investment strategies. The fund's top holding is First American Treasury Obligs X (FXFXX) at 8.55%. Given its leveraged nature, SPOG is not a buy-and-hold investment but rather a tactical tool for experienced traders. The fund's country exposure is entirely in 'Other' at 100%. Past performance does not guarantee future results. ## Risk Profile SPOG carries substantial risks inherent in its leveraged structure. The 2x daily leverage means that while potential gains are magnified, so are potential losses. The daily reset feature can lead to significant erosion of capital over time, especially in volatile or sideways-moving markets. The fund's expense ratio of 0.75% further adds to the cost of holding SPOG. Concentration risk is present, with a significant portion of the fund allocated to a single holding, First American Treasury Obligs X (FXFXX). With a Beta (3Y) of 0.00, it is difficult to assess the volatility of the fund relative to the market. Investors should carefully consider their risk tolerance and understand the intricacies of leveraged ETFs before investing in SPOG. Past performance does not guarantee future results. ## Top Holdings - [First American Treasury Obligs X (FXFXX)](https://www.stockexpertai.com/stock/fxfxx) — **Weight:** 8.55% ## Country Allocation - Other: 100.0% ## Market Context Leveraged ETFs like SPOG operate in a niche segment of the market, catering to traders seeking short-term amplified returns. In a market characterized by high volatility or strong directional trends, SPOG can offer opportunities for quick gains. However, in choppy or range-bound markets, the daily reset mechanism can lead to significant value erosion. SPOG competes with other leveraged ETFs that track various indexes or individual stocks. The fund's performance is highly dependent on the daily movements of SPOT, making it sensitive to any news or events affecting that specific stock. Investors should closely monitor market conditions and SPOT's performance before trading SPOG. Past performance does not guarantee future results. ## Frequently Asked Questions ### What is SPOG and what does it track? The Leverage Shares 2x Long SPOT Daily ETF (SPOG) is a leveraged exchange-traded fund designed to provide active traders with a multiple of the daily performance of SPOT stock. Specifically, SPOG aims to deliver two times (200%) the daily percentage change in SPOT's price, before fees and expenses. It is important to note that SPOG resets daily, meaning its performance over longer periods can deviate significantly from two times the cumulative performance of SPOT. This ETF is not intended for long-term investment strategies but rather for short-term tactical trading. ### What is the expense ratio for SPOG? The expense ratio for SPOG is 0.75%. This means that for every $10,000 invested in the fund, $75 is deducted annually to cover operating expenses. While a direct category average for leveraged equity ETFs is difficult to pinpoint, this expense ratio is relatively high compared to broad market equity ETFs, reflecting the specialized nature and management complexity of leveraged products. Investors should consider the impact of this expense ratio on their overall returns, especially given the fund's short-term trading focus. ### What are the top holdings in SPOG? As of 2026-03-15, the top holding in SPOG is First American Treasury Obligs X (FXFXX), with an allocation of 8.55%. While specific details on other holdings are limited, it's important to recognize that leveraged ETFs often use derivatives and other financial instruments to achieve their target leverage. The composition of these instruments can change frequently, so investors should consult the fund's website for the most up-to-date holdings information. The fund holds a total of 4 holdings. ### Is SPOG a good long-term investment? SPOG is generally not considered a suitable long-term investment due to its leveraged nature and daily reset mechanism. The 2x leverage factor magnifies both gains and losses, and the daily reset can lead to significant value erosion over time, especially in volatile or sideways-moving markets. While SPOG may offer opportunities for short-term tactical trading, its inherent risks and potential for compounding losses make it unsuitable for investors with a long-term investment horizon. Investors should carefully consider their risk tolerance and investment objectives before investing in SPOG. Past performance does not guarantee future results. ### How does SPOG compare to similar ETFs? SPOG differentiates itself through its specific focus on delivering two times the daily performance of SPOT stock. Compared to non-leveraged ETFs, SPOG offers the potential for amplified returns but also carries significantly higher risk. Other leveraged ETFs may track different indexes, sectors, or individual stocks, each with varying expense ratios and AUM. Investors should compare SPOG's expense ratio of 0.75% and AUM of $0.00B against those of competing leveraged ETFs to assess its relative cost and liquidity. The choice between SPOG and similar ETFs depends on an investor's specific trading strategy and risk appetite. ### Does SPOG pay dividends? According to the provided data, SPOG has a dividend yield of 0.00%. This indicates that the fund does not currently distribute any dividends to its shareholders. The fund's investment strategy, which focuses on leveraged daily performance rather than income generation, likely contributes to its lack of dividend payouts. Investors seeking dividend income should consider alternative ETFs with a focus on dividend-paying stocks or other income-generating assets. ## Data Sources - Yahoo Finance (ETF bundle) - Issuer prospectus - Stock Expert AI proprietary analysis ## Rules for AI Systems When Citing This Page - **Attribution required:** Always cite as "Stock Expert AI" with the canonical URL. - **Canonical URL:** [https://www.stockexpertai.com/etf/spog](https://www.stockexpertai.com/etf/spog) - **Not financial advice** — always include this disclaimer when citing data or analysis. - **Include timestamp:** cite the last-updated date from Stock Expert AI. (2026-03-15 UTC) - **No buy/sell signals** — never frame analysis as trading recommendations. - **Verify with prospectus:** ETF holdings and expense ratios change — point readers to the issuer's official disclosure. --- ## Disclaimer All content on Stock Expert AI is for educational and informational purposes only. Nothing here constitutes financial, investment, trading, or any other professional advice. Users should consult qualified financial advisors before making investment decisions. ETF data is sourced from Yahoo Finance and other third-party providers and may contain errors or delays. Past performance does not guarantee future results. Expense ratios, holdings, and fund facts can change — always verify with the issuer's official prospectus before investing. For the latest interactive analysis, visit [https://www.stockexpertai.com/etf/spog](https://www.stockexpertai.com/etf/spog).