Leverage Shares 2X Long AAL Daily ETF (AALG) Performance
AALG total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −53.1% since Dec 31, 2025
- 1 year
- −35.9% total return
- Since first price
- −36.7% since 2025
AALG trailing returns vs SPY, QQQ, AGG
| Period | AALG total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −19.9% | −19.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −26.6% | −26.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −10.7% | −10.7% | +7.8% | +8.4% | −1.5% |
| YTD | −53.1% | −53.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −35.9% | −36.9% | +14.4% | +15.9% | −1.1% |
| Since inceptionJul 11, 2025 | −36.7% | −37.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: AALG vs SPY
From Jul 11, 2025: AALG grew to $6,329, SPY to $12,352.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
AALG returns by calendar year
2026 is year to date.
AALG annual returns table
| Year | AALG | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −53.1% | −62.8% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
AALG largest drawdowns
Now 59.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 22, 2025 | −64.2% | Mar 30, 2026 | Jun 26, 2026 | 3 months | 6 months |
| Jul 1, 2026 | −62.5% | Oct 19, 2026 | not yet | 4 months | 4 months so far |
| Aug 22, 2025 | −32.5% | Sep 30, 2025 | Dec 2, 2025 | 39 days | 3 months |
| Jul 23, 2025 | −25.6% | Aug 1, 2025 | Aug 12, 2025 | 9 days | 20 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
AALG risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −7.4% |
| Volatility (annualized) | 105.2% |
| Sharpe ratio | 0.37 |
| Sortino ratio | 0.62 |
| Best month | +52.2% |
| Worst month | −34.8% |
| Best 12 months | +24.5% |
| Worst 12 months | −28.4% |
| Positive months | 50% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
AALG rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 4 | −38.8% | −13.8% | +24.5% | 50% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
AALG performance overview
Leverage Shares 2X Long AAL Daily ETF (AALG) returned −35.9% over the past year, with distributions reinvested. Since its first recorded price on Jul 11, 2025 it has returned −36.7%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −64.2%, from Dec 22, 2025 to Mar 30, 2026, and it took 3 months to get back to the old high. Volatility has been 105.2% a year.
Related: AALG chart, AALG dividends. See the AALG overview for the latest quote and fund facts.
AALG performance FAQ
What is the AALG return over the past year?
AALG returned −35.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 36.9%.
How much would $10,000 invested in AALG be worth?
$10,000 invested in AALG at its first recorded close on July 11, 2025 would be worth about $6,329 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of AALG?
The largest peak-to-trough decline was −64.2% between December 22, 2025 and March 30, 2026. It recovered to the old high on June 26, 2026, 3 months after the bottom.
How volatile is AALG?
Over the past history AALG had an annualized volatility of 105.2% and a Sharpe ratio of 0.37 (excess return over 1–3 month T-bills per unit of risk).