Data as of .
AMKL vs AMKX: which held to its multiple?
Over the days both have traded, AMKL finished 5.8 points from its stated multiple and AMKX 4.5.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| AMKL | AMKX | AMKL | AMKX | AMKL | AMKX | |
| 1 month | −19.4% | −18.1% | −13.6% | −13.6% | −5.8 pts | −4.5 pts |
| 3 months | −72.7% | not published | −74.8% | not published | +2.1 pts | not published |
| Since launch | −71.2% | −50.9% | −64.7% | −41.4% | −6.4 pts | −9.5 pts |
| AMKL Defiance Daily Target 2X Long AMKR ETF Aims to return twice the daily move of AMKR | AMKX Corgi AMKR 2x Daily ETF Aims to return twice the daily move of AMKR | |
|---|---|---|
| Issuer | Defiance | Corgi |
| Sets out to return | +2x | +2x |
| On | AMKR | AMKR |
| Segment | company | company |
| Fund returned, 3 months | −72.7% | −18.1% |
| Underlying returned, 3 months | −37.4% | −6.8% |
| What the stated multiple implies, 3 months | −74.8% | −13.6% |
| Difference from stated, 3 months | +2.1 pts | −4.5 pts |
| Fund returned, 1 year or since launch | −71.2% | −50.9% |
| Difference from stated, over that window | −6.4 pts | −9.5 pts |
| Underlying volatility | 94% | 72% |
| Difference over the days both have traded | −5.8 pts | −4.5 pts |
| Expense ratio | 1.31% | not published |
| Launched | May 5, 2026 | Jul 7, 2026 |
AMKL in plain words
Three months to Sep 11, 2026: AMKL returned −72.7% where its own daily promise gave −70.5%, 2.2 points short. Read the multiple against the whole window instead and +2 times AMKR's −37.4% implies −74.8%, which makes AMKL look 2.1 points over. 4.3 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. AMKL aims to return +2 times AMKR'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. AMKR moved at 94% 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.
AMKX in plain words
One month to Sep 11, 2026: AMKX returned −18.1% where its own daily promise gave −17.0%, 1.1 points short. Read the multiple against the whole window instead and +2 times AMKR's −6.8% implies −13.6%, which makes AMKX look 4.5 points short. 3.5 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. AMKX aims to return +2 times AMKR's move each day, then resets. AMKR moved at 72% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, AMKL or AMKX?
- Over the window to Sep 11, 2026, AMKL finished 2.1 points from what its multiple implies and AMKX finished 4.5 points from its own, so AMKL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are AMKL and AMKX levered on the same thing?
- Yes. Both are levered on AMKR, AMKL at +2 times and AMKX at +2 times the daily move.
- Which one decays faster, AMKL or AMKX?
- Decay follows how much the underlying moves about. Over this window AMKL’s moved at 94% annualized and AMKX’s at 72%, so AMKL has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold AMKL or AMKX 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.
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, AMKL against AMKX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/AMKL-AMKX Free to use with attribution; the underlying files are at Open data.