Data as of .
ASTG vs ASTN: which held to its multiple?
Over a month against its own daily promise, ASTG finished 1.6 points short and ASTN 2.6 points short.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| ASTG | ASTN | ASTG | ASTN | ASTG | ASTN | |
| 1 month | −39.7% | +30.6% | −38.9% | +38.9% | −0.8 pts | −8.3 pts |
| 3 months | not published | −19.4% | not published | +54.7% | not published | −74.2 pts |
| 6 months | not published | −71.7% | not published | +61.3% | not published | −133.0 pts |
| Since launch | −49.5% | −70.7% | −35.7% | +82.4% | −13.8 pts | −153.0 pts |
| ASTG Leverage Shares 2X Long ASTS Daily ETF Aims to return twice the daily move of ASTS | ASTN Defiance Daily Target 2X Short ASTS ETF Aims to return twice the opposite of the daily move of ASTS | |
|---|---|---|
| Issuer | Leverage Shares | Defiance |
| Sets out to return | +2x | -2x |
| On | ASTS | ASTS |
| Segment | company | company |
| Fund returned, 3 months | −39.7% | −19.4% |
| Underlying returned, 3 months | −19.4% | −27.4% |
| What the stated multiple implies, 3 months | −38.9% | +54.7% |
| Difference from stated, 3 months | −0.8 pts | −74.2 pts |
| Fund returned, 1 year or since launch | −49.5% | −70.7% |
| Difference from stated, over that window | −13.8 pts | −153.0 pts |
| Underlying volatility | 74% | 98% |
| Difference over the days both have traded | −0.8 pts | no shared window |
| Expense ratio | 0.99% | 1.31% |
| Launched | Jun 23, 2026 | Feb 6, 2026 |
ASTG in plain words
One month to Sep 11, 2026: ASTG returned −39.7% where its own daily promise gave −38.1%, 1.6 points short. Read the multiple against the whole window instead and +2 times ASTS's −19.4% implies −38.9%, which makes ASTG look 0.8 points short. 0.8 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. ASTG aims to return +2 times ASTS'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. ASTS moved at 74% 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.
ASTN in plain words
Three months to Sep 11, 2026: ASTN returned −19.4% where its own daily promise gave −10.8%, 8.6 points short. Read the multiple against the whole window instead and −2 times ASTS's −27.4% implies +54.7%, which makes ASTN look 74.2 points short. 65.5 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. ASTN aims to return -2 times ASTS's move each day, then resets. 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. ASTS moved at 98% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, ASTG or ASTN?
- Over the window to Sep 11, 2026, ASTG finished 0.8 points from what its multiple implies and ASTN finished 74.2 points from its own, so ASTG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are ASTG and ASTN levered on the same thing?
- Yes. Both are levered on ASTS, ASTG at +2 times and ASTN at -2 times the daily move.
- Which one decays faster, ASTG or ASTN?
- Decay follows how much the underlying moves about. Over this window ASTG’s moved at 74% annualized and ASTN’s at 98%, so ASTN has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold ASTG or ASTN 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, ASTG or ASTN?
- ASTG charges 0.99% a year and ASTN charges 1.31%, so ASTG 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, ASTG against ASTN, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/ASTG-ASTN Free to use with attribution; the underlying files are at Open data.