Aims for twice the daily return of SMTC shares through swap contracts. Because it resets daily, its return over weeks or months can differ a lot from twice SMTC's.
SMTG, the Leverage Shares 2X Long SMTC Daily ETF, is a $5 million ETF whose main story is the AI compute core.
The narrative it carries
This is its only narrative.
The AI compute core →
The chips, memory and data centers AI runs on, and the big technology companies that build and buy them.
The band is where this narrative’s level sits among the 22 this week. QUIET means less talked about, not falling.
| # | ETF | SHARE | ASSETS | 1 YEAR | COST |
|---|---|---|---|---|---|
| 1 | VGT | 23.8% | $147.56bn | +36.0% | 0.09% |
| 2 | XLK | 20.5% | $127.30bn | +40.4% | 0.08% |
| 3 | SMH | 12.1% | $74.88bn | +87.0% | 0.35% |
| 4 | SOXX | 7.8% | $48.43bn | +109.7% | 0.33% |
| 5 | IYW | 4.3% | $26.53bn | +36.0% | 0.37% |
| 391 other ETFs | 31.5% |
Share is each ETF’s slice of the capital carrying this narrative. 1 year is market price total return; cost is the expense ratio. See all 396 ETFs on the narrative page →
FRI OCT 2MARKET PRICE TOTAL RETURN
| 1M | 3M | YTD | 1Y | 3Y* | 5Y* | |
|---|---|---|---|---|---|---|
| SMTG | +96.1% | +60.2% | – | – | – | – |
| The AI compute coreits narrative | +9.5% | +8.7% | +47.8% | +50.2% | +41.6% | +24.5% |
| The marketbroad US ETFs | +0.8% | +2.6% | +14.6% | +16.8% | +22.9% | +12.9% |
1M, 3M, 1Y, 3Y, 5Y: one month to five years. YTD: year to date. * A year, annualised. A dash means the ETF has not traded for the whole period. Since it started trading on June 23, 2026: +4.1%.
$10,000 invested June 30, 2026
Total return on the market price, with each distribution reinvested on its ex-date. Not the NAV return the issuer publishes; the two differ when the ETF trades above or below the value of its holdings. The narrative is the asset-weighted return of the unlevered ETFs that carry it. The market is the asset-weighted return of broad US index ETFs. Past performance is no guarantee of future results.
FRI OCT 2MARKET PRICE TOTAL RETURN
SMTG has traded for less than a year, so how it moves against the market is not shown yet.
Where it sits in The AI compute core
Each dot is one of 77 unlevered ETFs whose main narrative is the AI compute core, placed by its return (up) and how much it swung (right) over the last year.
Risk
Cost against its peers
SMTG is levered or inverse, so it is shown against the unlevered ETFs but not ranked among them.
How it is built
Seeks 2x the daily return of its exposure, and gets its exposure through swaps. It carries the narrative but does not count toward Share of Narrative, because only unlevered long exposure does.
Narrative exposure
Common questions
What story is SMTG selling?
SMTG’s main story is the AI compute core, which covers the chips, memory and data centers AI runs on, and the big technology companies that build and buy them.
Run an ETF in the AI compute core? StoryVector shows issuers where their ETFs stand against the closest rivals, every week.
Request a pilot