Data as of .
AMA vs AMAU: which held to its multiple?
Over the days both have traded, AMA finished 0.4 points from its stated multiple and AMAU 0.5.
ETFIQ Decay Resistance Score: AMAU scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| AMA | AMAU | AMA | AMAU | AMA | AMAU | |
| 1 month | −32.9% | −32.8% | −33.3% | −33.3% | +0.4 pts | +0.5 pts |
| 3 months | −46.4% | −46.1% | −38.9% | −38.9% | −7.5 pts | −7.3 pts |
| Since launch | −20.1% | −11.6% | +0.9% | +12.2% | −21.0 pts | −23.8 pts |
| AMA Defiance Daily Target 2X Long AMAT ETF Aims to return twice the daily move of AMAT | AMAU Leverage Shares 2X Long AMAT Daily ETF Aims to return twice the daily move of AMAT | |
|---|---|---|
| Issuer | Defiance | Leverage Shares |
| Sets out to return | +2x | +2x |
| On | AMAT | AMAT |
| Segment | company | company |
| Fund returned, 3 months | −46.4% | −46.1% |
| Underlying returned, 3 months | −19.4% | −19.4% |
| What the stated multiple implies, 3 months | −38.9% | −38.9% |
| Difference from stated, 3 months | −7.5 pts | −7.3 pts |
| Fund returned, 1 year or since launch | −20.1% | −11.6% |
| Difference from stated, over that window | −21.0 pts | −23.8 pts |
| Underlying volatility | 78% | 78% |
| Difference over the days both have traded | +0.4 pts | +0.5 pts |
| Expense ratio | 1.31% | 0.75% |
| Launched | May 26, 2026 | May 12, 2026 |
AMA in plain words
Three months to Sep 11, 2026: AMA returned −46.4% where its own daily promise gave −43.9%, 2.4 points short. Read the multiple against the whole window instead and +2 times AMAT's −19.4% implies −38.9%, which makes AMA look 7.5 points short. 5.1 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. AMA aims to return +2 times AMAT's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. AMAT moved at 78% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
AMAU in plain words
Three months to Sep 11, 2026: AMAU returned −46.1% where its own daily promise gave −43.9%, 2.2 points short. Read the multiple against the whole window instead and +2 times AMAT's −19.4% implies −38.9%, which makes AMAU look 7.3 points short. AMAU aims to return +2 times AMAT's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, AMA or AMAU?
- Over the window to Sep 11, 2026, AMA finished 7.5 points from what its multiple implies and AMAU finished 7.3 points from its own, so AMAU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are AMA and AMAU levered on the same thing?
- Yes. Both are levered on AMAT, AMA at +2 times and AMAU at +2 times the daily move.
- Which one decays faster, AMA or AMAU?
- Decay follows how much the underlying moves about. Over this window AMA’s moved at 78% annualized and AMAU’s at 78%, so AMA has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold AMA or AMAU for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, AMA or AMAU?
- AMA charges 1.31% a year and AMAU charges 0.75%, so AMAU is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, AMA against AMAU, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/AMA-AMAU Free to use with attribution; the underlying files are at Open data.