CBRG +2x Leverage Shares 2X Long CBRS Daily ETF

CBRG

ETF +2x BULL standard
Leverage Shares 2X Long CBRS Daily ETF
Issuer: Leverage Shares · Tracks: CBRS · Listed: 2026-05-14
Implied AUM
$49.6M
Last Close
$3.50
20260720
30d Avg Vol
8,436,522
Options
—
Realized return vs theoretical +2x CBRS
Pair counterpart found: CBRZ (-2x bear, Tradr 2X Short CBRS Daily ETF)
Shorting both legs of a daily-reset bull/bear pair captures combined decay drift over time. Theoretical "free money" — actual edge depends on borrow rates (often punitive on the bear leg) and assignment risk on hard-to-borrow products.
Other leveraged products tracking CBRS
Symbol Factor Direction Issuer Name Implied AUM 30d Vol Options
CBRX +2x BULL Tradr Tradr 2X Long CBRS Daily ETF $4.3M 186,573
CBRZ -2x BEAR Tradr Tradr 2X Short CBRS Daily ETF $3.7M 206,276

How CBRG works

CBRG targets +2x the daily return of CBRS — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.

Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a +2x product on an underlying with 25% annualized vol, expected annual drag is around 6.2%. Add expense ratio and the realized number is typically worse.

  • Short-term tactical: daily and intraday holds are where these products were designed to live.
  • Premium selling: options on CBRG carry very rich IV — see the quote page for IV rank and straddle pricing.
  • Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.