Data as of .
APHG vs APHU: which held to its multiple?
Over the days both have traded, APHG finished 2.7 points from its stated multiple and APHU 2.3.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| APHG | APHU | APHG | APHU | APHG | APHU | |
| 1 month | −5.2% | −4.8% | −2.5% | −2.5% | −2.7 pts | −2.3 pts |
| 3 months | not published | +10.9% | not published | +18.6% | not published | −7.7 pts |
| 6 months | not published | +34.0% | not published | +51.5% | not published | −17.5 pts |
| Since launch | +2.9% | +7.0% | +11.7% | +28.0% | −8.8 pts | −21.0 pts |
| APHG Leverage Shares 2X Long APH Daily ETF Aims to return twice the daily move of APH | APHU T-REX 2X LONG APH DAILY TARGET ETF Aims to return twice the daily move of APH | |
|---|---|---|
| Issuer | Leverage Shares | T-REX |
| Sets out to return | +2x | +2x |
| On | APH | APH |
| Segment | company | company |
| Fund returned, 3 months | −5.2% | +10.9% |
| Underlying returned, 3 months | −1.3% | +9.3% |
| What the stated multiple implies, 3 months | −2.5% | +18.6% |
| Difference from stated, 3 months | −2.7 pts | −7.7 pts |
| Fund returned, 1 year or since launch | +2.9% | +7.0% |
| Difference from stated, over that window | −8.8 pts | −21.0 pts |
| Underlying volatility | 39% | 42% |
| Difference over the days both have traded | −2.7 pts | −2.3 pts |
| Expense ratio | 0.99% | 1.50% |
| Launched | Jun 16, 2026 | Feb 18, 2026 |
APHG in plain words
One month to Sep 11, 2026: APHG returned −5.2% where its own daily promise gave −3.8%, 1.4 points short. Read the multiple against the whole window instead and +2 times APH's −1.3% implies −2.5%, which makes APHG look 2.7 points short. 1.3 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. APHG aims to return +2 times APH'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. APH moved at 39% 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.
APHU in plain words
Three months to Sep 11, 2026: APHU returned +10.9% where its own daily promise gave +14.5%, 3.6 points short. Read the multiple against the whole window instead and +2 times APH's 9.3% implies +18.6%, which makes APHU look 7.7 points short. 4.1 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. APHU aims to return +2 times APH's move each day, then resets. APH moved at 42% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, APHG or APHU?
- Over the window to Sep 11, 2026, APHG finished 2.7 points from what its multiple implies and APHU finished 7.7 points from its own, so APHG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are APHG and APHU levered on the same thing?
- Yes. Both are levered on APH, APHG at +2 times and APHU at +2 times the daily move.
- Which one decays faster, APHG or APHU?
- Decay follows how much the underlying moves about. Over this window APHG’s moved at 39% annualized and APHU’s at 42%, so APHU has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold APHG or APHU 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, APHG or APHU?
- APHG charges 0.99% a year and APHU charges 1.50%, so APHG is cheaper. Fees come from each fund's prospectus.
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, APHG against APHU, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/APHG-APHU Free to use with attribution; the underlying files are at Open data.