Leverage Shares 2X Long PYPL Daily ETF (PYPG) Performance
PYPG total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −28.1% since Dec 31, 2025
- 1 year
- −51.1% total return
- Since first price
- −39.9% since 2025
PYPG trailing returns vs SPY, QQQ, AGG
| Period | PYPG total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +15.9% | +15.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.8% | −3.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +13.4% | +13.4% | +7.8% | +8.4% | −1.5% |
| YTD | −28.1% | −28.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −51.1% | −51.1% | +14.4% | +15.9% | −1.1% |
| Since inceptionApr 4, 2025 | −39.9% | −39.9% | — | — | — |
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: PYPG vs SPY
From Apr 4, 2025: PYPG grew to $6,008, SPY to $15,290.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PYPG returns by calendar year
2026 is year to date.
PYPG annual returns table
| Year | PYPG | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −28.1% | −60.9% | +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.
PYPG largest drawdowns
Now 64.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 28, 2025 | −79.5% | Feb 12, 2026 | not yet | 7 months | 1.2 years so far |
| Jun 12, 2025 | −16.1% | Jun 18, 2025 | Jul 1, 2025 | 6 days | 19 days |
| Jul 3, 2025 | −13.5% | Jul 11, 2025 | Jul 24, 2025 | 8 days | 21 days |
| Apr 9, 2025 | −12.0% | Apr 21, 2025 | Apr 24, 2025 | 12 days | 15 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PYPG risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −46.1% |
| Volatility (annualized) | 79.8% |
| Sharpe ratio | -0.48 |
| Sortino ratio | -0.80 |
| Best month | +69.0% |
| Worst month | −29.8% |
| Best 12 months | −49.0% |
| Worst 12 months | −74.9% |
| Positive months | 35% |
| 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.
PYPG rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 7 | −74.9% | −56.8% | −49.0% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
PYPG performance overview
Leverage Shares 2X Long PYPL Daily ETF (PYPG) returned −51.1% over the past year, with distributions reinvested. Since its first recorded price on Apr 4, 2025 it has returned −39.9%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −79.5%, from Jul 28, 2025 to Feb 12, 2026; the fund has not yet regained that high. Volatility has been 79.8% a year.
Related: PYPG chart. See the PYPG overview for the latest quote and fund facts.
PYPG performance FAQ
What is the PYPG return over the past year?
PYPG returned −51.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 51.1%.
How much would $10,000 invested in PYPG be worth?
$10,000 invested in PYPG at its first recorded close on April 4, 2025 would be worth about $6,008 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of PYPG?
The largest peak-to-trough decline was −79.5% between July 28, 2025 and February 12, 2026. It has not yet recovered to that high; it is 64.1% below its peak.
How volatile is PYPG?
Over the past history PYPG had an annualized volatility of 79.8% and a Sharpe ratio of -0.48 (excess return over 1–3 month T-bills per unit of risk).