Which came closer to its stated multiple, AMAU or APMI?

Over the window to Sep 11, 2026, AMAU finished 7.3 points from what its multiple implies and APMI finished 0.8 points from its own, so APMI came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are AMAU and APMI levered on the same thing?

Yes. Both are levered on AMAT, AMAU at +2 times and APMI at +2 times the daily move.

Which one decays faster, AMAU or APMI?

Decay follows how much the underlying moves about. Over this window AMAU’s moved at 78% annualized and APMI’s at 44%, so AMAU has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold AMAU or APMI 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, AMAU or APMI?

AMAU charges 0.75% a year and APMI charges 0.45%, so APMI is cheaper. Fees come from each fund's prospectus.

ETFIQetfiq.com · independent ETF data

Data as of Sep 11, 2026.

AMAU vs APMI: which held to its multiple?

Over the days both have traded, AMAU finished 0.5 points from its stated multiple and APMI 0.8.

Leverage Shares 2X Long AMAT Daily ETF and Corgi AMAT 2x Daily ETF, side by side, leveraged ETFs on ETFIQ.

−46.1%AMAU returned, 3 months

−38.0%APMI returned, 3 months

−7.3 ptsAMAU from its stated multiple

−2.8 ptsAPMI from its stated multiple

AMAU7.3 pts short of its label · 3 months to Sep 11, 2026

APMI0.8 pts over its label · 1 month to Sep 11, 2026

Performance, window by window

AMAU and APMI over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
Window	Total return		Multiple would give		Difference
Window	AMAU	APMI	AMAU	APMI	AMAU	APMI
1 month	−32.8%	−32.4%	−33.3%	−33.3%	+0.5 pts	+0.8 pts
3 months	−46.1%	not published	−38.9%	not published	−7.3 pts	not published
Since launch	−11.6%	−38.0%	+12.2%	−35.2%	−23.8 pts	−2.8 pts

Open the live comparison on ETFIQ

AMAU and APMI on the same fields, as of Sep 11, 2026. Source: ETFIQ.
	AMAU Leverage Shares 2X Long AMAT Daily ETF Aims to return twice the daily move of AMAT	APMI Corgi AMAT 2x Daily ETF Aims to return twice the daily move of AMAT
Issuer	Leverage Shares	Corgi
Sets out to return	+2x	+2x
On	AMAT	AMAT
Segment	company	company
Fund returned, 3 months	−46.1%	−32.4%
Underlying returned, 3 months	−19.4%	−16.6%
What the stated multiple implies, 3 months	−38.9%	−33.3%
Difference from stated, 3 months	−7.3 pts	+0.8 pts
Fund returned, 1 year or since launch	−11.6%	−38.0%
Difference from stated, over that window	−23.8 pts	−2.8 pts
Underlying volatility	78%	44%
Difference over the days both have traded	+0.5 pts	+0.8 pts
Expense ratio	0.75%	0.45%
Launched	May 12, 2026	Jul 7, 2026

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. 5.1 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. AMAU 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.

APMI in plain words

One month to Sep 11, 2026: APMI returned −32.4% where its own daily promise gave −31.7%, 0.7 points short. Read the multiple against the whole window instead and +2 times AMAT's −16.6% implies −33.3%, which makes APMI look 0.8 points over. 1.5 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. APMI aims to return +2 times AMAT's move each day, then resets. AMAT moved at 44% annualized over that window.

Questions people ask

Which came closer to its stated multiple, AMAU or APMI?: Over the window to Sep 11, 2026, AMAU finished 7.3 points from what its multiple implies and APMI finished 0.8 points from its own, so APMI came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are AMAU and APMI levered on the same thing?: Yes. Both are levered on AMAT, AMAU at +2 times and APMI at +2 times the daily move.
Which one decays faster, AMAU or APMI?: Decay follows how much the underlying moves about. Over this window AMAU’s moved at 78% annualized and APMI’s at 44%, so AMAU has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold AMAU or APMI 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, AMAU or APMI?: AMAU charges 0.75% a year and APMI charges 0.45%, so APMI 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.

AMAU against APMI, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, AMAU against APMI, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/AMAU-APMI Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources