Data as of .
ARMA vs ARMG: which held to its multiple?
Over the days both have traded, ARMA finished 3.0 points from its stated multiple and ARMG 3.1.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| ARMA | ARMG | ARMA | ARMG | ARMA | ARMG | |
| 1 month | −8.3% | −8.3% | −5.2% | −5.2% | −3.0 pts | −3.1 pts |
| 3 months | not published | −60.3% | not published | −60.9% | not published | +0.6 pts |
| 6 months | not published | +216.3% | not published | not meaningful | not published | not meaningful |
| 1 year | not published | +48.6% | not published | +142.3% | not published | −93.7 pts |
| Since launch | −52.1% | +26.3% | −50.6% | +178.1% | −1.4 pts | −151.8 pts |
| ARMA Corgi ARM 2x Daily ETF Aims to return twice the daily move of ARM | ARMG Leverage Shares 2X Long ARM Daily ETF Aims to return twice the daily move of ARM | |
|---|---|---|
| Issuer | Corgi | Leverage Shares |
| Sets out to return | +2x | +2x |
| On | ARM | ARM |
| Segment | company | company |
| Fund returned, 3 months | −8.3% | −60.3% |
| Underlying returned, 3 months | −2.6% | −30.5% |
| What the stated multiple implies, 3 months | −5.2% | −60.9% |
| Difference from stated, 3 months | −3.0 pts | +0.6 pts |
| Fund returned, 1 year or since launch | −52.1% | +48.6% |
| Difference from stated, over that window | −1.4 pts | −93.7 pts |
| Underlying volatility | 51% | 80% |
| Difference over the days both have traded | −3.0 pts | −3.1 pts |
| Expense ratio | not published | 0.78% |
| Launched | Jun 30, 2026 | Jan 14, 2025 |
ARMA in plain words
One month to Sep 11, 2026: ARMA returned −8.3% where its own daily promise gave −7.3%, 1.0 points short. Read the multiple against the whole window instead and +2 times ARM's −2.6% implies −5.2%, which makes ARMA look 3.0 points short. 2.1 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. ARMA aims to return +2 times ARM'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. ARM moved at 51% 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.
ARMG in plain words
Three months to Sep 11, 2026: ARMG returned −60.3% where its own daily promise gave −58.6%, 1.7 points short. Read the multiple against the whole window instead and +2 times ARM's −30.5% implies −60.9%, which makes ARMG look 0.6 points over. 2.3 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. ARMG aims to return +2 times ARM's move each day, then resets. ARM moved at 80% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, ARMA or ARMG?
- Over the window to Sep 11, 2026, ARMA finished 3.0 points from what its multiple implies and ARMG finished 0.6 points from its own, so ARMG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are ARMA and ARMG levered on the same thing?
- Yes. Both are levered on ARM, ARMA at +2 times and ARMG at +2 times the daily move.
- Which one decays faster, ARMA or ARMG?
- Decay follows how much the underlying moves about. Over this window ARMA’s moved at 51% annualized and ARMG’s at 80%, so ARMG has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold ARMA or ARMG 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, ARMA against ARMG, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/ARMA-ARMG Free to use with attribution; the underlying files are at Open data.