ETF Evaluator:
Leverage Shares 100% TslAnd100%SpcDlyETF (ELOL)
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Best Performing in Trading--Leveraged Equity Over the Last Year
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ETF Details
Leverage Shares 100% TslAnd100%SpcDlyETF Overview
Leverage Shares 100% TslAnd100%SpcDlyETF (ELOL) is an actively managed Miscellaneous Trading--Leveraged Equity exchange-traded fund (ETF). Themes ETF Trust launched the ETF in 2026.
The investment seeks daily investment results, before fees and expenses, that correspond to approximately 100% of the daily percentage change in the price of the common stock of TSLA and approximately 100% of the daily percentage change in the price of the common stock of SPCX.
The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in securities issued by TSLA and SPCX, and financial instruments. It is non-diversified.
About Leverage Shares 100% TslAnd100%SpcDlyETF (ELOL)
There are 3 members of the management team with an average tenure of 0.01 years: Dingxun(Kevin) Shao (2026), Calvin Tsang (2026) and Paul Bartkowiak (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Leverage Shares 100% TslAnd100%SpcDlyETF has 6 securities in its portfolio. The top 10 holdings constitute 212.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Leverage Shares 100% TslAnd100%SpcDlyETF is part of the Other global asset class and is within the Miscellaneous ETF group. Leverage Shares 100% TslAnd100%SpcDlyETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 103.8% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Leverage Shares 100% TslAnd100%SpcDlyETF has -102.5% of the portfolio in cash.
Assets Under Management
The fund has $376 million in total assets, which is below the $251 million average for the Trading--Leveraged Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ELOL Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Leverage Shares 100% TslAnd100%SpcDlyETF expense ratio is high compared to funds in the Trading--Leveraged Equity category. Leverage Shares 100% TslAnd100%SpcDlyETF has an expense ratio of 0.99%, which is 4% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Leverage Shares 100% TslAnd100%SpcDlyETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 396% for the Trading--Leveraged Equity category.
Recently, in the month of July 2026, Leverage Shares 100% TslAnd100%SpcDlyETF returned 0.0%, which earned it a grade of NA, as the Trading--Leveraged Equity category had an average return of -18.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Leverage Shares 100% TslAnd100%SpcDlyETF has a trailing yield of 0.00%, which is below the 5.84% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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ELOL Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ELOL Return (NAV) | na | na | na | na | na | na |
| ELOL Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Trading--Leveraged Equity Avg | -18.2% | -10.8% | 47.2% | 18.3% | 6.2% | 9.2% |
| ELOL Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| ELOL Tax-Cost Ratio | na | na | na | na | na | na |
ELOL Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ELOL Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| ELOL Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Trading--Leveraged Equity Avg | 3.8% | 41.3% | 29.5% | 62.2% | -36.7% | 45.0% | 6.2% | 64.1% | -31.9% | 61.0% | 29.3% |
| ELOL Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 0 Mil |
| Share Class Assets: | $ 0 Mil |
| Turnover: | na |
| Expense Ratio: | 0.99% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.0 years | |||
| Average Tenure: 0.0 years | |||
| Managers (Year): Shao Dingxun(Kevin) (2026), Tsang Calvin (2026), Bartkowiak Paul (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 6 |
| % in Top 10 Holdings: | 212.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 103.8% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 98.7% |
| Cash: | -102.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Themes ETF Trust |
| Phone Number: | 866-584-3637 |
| Website: | www.ThemesETFs.com |
| Inception Date: | July 29, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.99% (Rating: High) |
| Category Average Expense Ratio (%): | 0.95% |
