On a single-stock vault’s 1.5× target, one unit of junior capital is paired with half a unit of senior financing to create one and a half units of gross stock exposure. The index and gold vaults run at 2.0×, pairing each unit of junior capital with a full unit of senior financing. The exact result includes entry fees, rounding and capacity gates.
Leverage changes after price movement, financing accrual and exits. It is not a fixed return multiple. Use the calculator and inspect the vault balance sheet before opening a review.