What Is the CBRG ETF? A Complete Guide to Returns, Expense Ratio, Holdings, and Alternative ETFs
The Leverage Shares 2X Long CBRS Daily ETF (CBRG) seeks twice the daily return of semiconductor company Cerebras (CBRS) stock. It is a daily-rebalanced leveraged product used for short-term trading views and is built specifically for directional bets.
SubscribeWhat Is the Leverage Shares 2X Long CBRS Daily ETF?
This is a single-stock leveraged ETF that tracks a magnified version of the daily percentage moves of its underlying stock, Cerebras Systems (CBRS). It resets its target multiple every day using derivatives such as swap contracts.
It suits active short-term traders who want to bet on a near-term rise in CBRS stock, and it is not appropriate for long-term holding.
It is an actively managed ETF run by Leverage Shares.
How Does the Leverage Shares 2X Long CBRS Daily ETF Invest?
| Item | Details |
|---|---|
| Tracking target | Magnified daily return of Cerebras Systems (CBRS) stock |
| Management style | Active (leverage using derivatives such as swaps and futures) |
| Rebalancing frequency | Once a day |
| Distribution frequency | Not applicable (no dividends are paid because of the leveraged structure) |
| Total expense ratio | 0.75% |
Most of its net assets are held in derivatives tied to CBRS, such as swaps, options, and futures, along with US Treasuries, and the magnified exposure is rebuilt each day. Its non-diversified structure leaves it heavily exposed to single-stock risk.
- Leveraged structure dedicated to a single stock (CBRS)
- Derivatives-based exposure that is reset daily
Size and Costs of the Leverage Shares 2X Long CBRS Daily ETF (AUM and Management Fee)
Assets under management (AUM) stand at $55.4M, and the total expense ratio (Expense Ratio) is 0.75% per year.
Because comparable data for the same category is limited, no comparison table is provided.
Performance and Trends of the Leverage Shares 2X Long CBRS Daily ETF
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe fund moves in line with CBRS stock, with both direction and volatility magnified, so its short-term swings tend to be larger than those of the underlying stock.
In this category, fund flows fluctuate with short-term trading demand for the stock of a newly listed semiconductor company, and the size of inflows tends to react sensitively to news about the underlying stock.
Pros and Cons of the Leverage Shares 2X Long CBRS Daily ETF
It is an efficient leveraged tool for short-term bullish bets, but volatility decay and single-stock concentration risk are clear drawbacks.
💪 Key Strengths
⚠️ Points of Caution
Alternative ETFs and Related Products to the Leverage Shares 2X Long CBRS Daily ETF
Data on comparable listed funds in this product's category is limited. However, since this is a single-stock leveraged product, investors who need a bet in the opposite direction could consider similar products with an inverse structure, and those who want only CBRS's own directional exposure without the volatility effects could consider holding the underlying stock directly.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 TQQQ | ProShares UltraPro QQQ 3x Shares | $66.29 | -0.2% | $34.3B | 0.78% | 0.73% | +23.6% |
 SOXL | Direxion Daily Semiconductor Bull 3X ETF | $83.56 | +1.8% | $20.1B | 0.75% | 0.11% | +103.0% |
 QLD | ProShares Ultra QQQ 2x Shares | $86.15 | -0.1% | $13.7B | 0.89% | 0.14% | +22.1% |
 SSO | ProShares Ultra S&P500 2x Shares | $68.52 | -1.1% | $8.6B | 0.84% | 0.69% | +20.8% |
 SPXL | Direxion Daily S&P 500 Bull 3X ETF | $275.63 | -1.7% | $6.9B | 0.84% | 0.53% | +28.3% |
Investor Checkpoints for the Leverage Shares 2X Long CBRS Daily ETF
Here are the points to review before investing in CBRG. Given the nature of its leveraged structure, it should be approached strictly for short-term trading, and investors should also understand in advance the divergence in gains and losses that can arise from long-term holding.
| Checkpoint | What to Verify | Current Status |
|---|---|---|
| 💵 Expense ratio | Confirm the relatively high fee structure typical of leveraged products | Higher than typical index ETFs |
| 📉 Volatility decay | Check for the possibility of cumulative return divergence over long holding periods | Short-term holding recommended |
| 🎯 Single-stock concentration | Confirm the structure is fully exposed to CBRS-specific risk | Non-diversified structure maintained |
| 🔄 Daily rebalancing | Understand the daily reset method of management | Adjusted every day |
Single-stock concentration and volatility decay from the daily reset are the core risks. If the stock price of the underlying Cerebras Systems falls sharply, losses can widen, and derivatives counterparty risk should also be taken into account.
It is a leveraged tool suited to traders who want to bet aggressively on a short-term rally in CBRS stock, and it is recommended for short-term tactical use rather than long-term holding. Investors should fully understand the volatility decay structure before entering a position.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of July 2, 2026.
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