Which came closer to its stated multiple, ASTY or ASUP?

Over the window to Sep 11, 2026, ASTY finished 7.2 points from what its multiple implies and ASUP finished 5.9 points from its own, so ASUP came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are ASTY and ASUP levered on the same thing?

Yes. Both are levered on ASTS, ASTY at +2 times and ASUP at +2 times the daily move.

Which one decays faster, ASTY or ASUP?

Decay follows how much the underlying moves about. Over this window ASTY’s moved at 98% annualized and ASUP’s at 98%, so ASTY has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold ASTY or ASUP 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.

ETFIQetfiq.com · independent ETF data

Data as of Sep 11, 2026.

ASTY vs ASUP: which held to its multiple?

Over the days both have traded, ASTY finished 0.7 points from its stated multiple and ASUP 0.0.

Defiance Daily Target 2X Long ASTS ETF and T-REX 2X Long ASTS Daily Target ETF, side by side, leveraged ETFs on ETFIQ.

−62.0%ASTY returned, 3 months

−60.6%ASUP returned, 3 months

−7.2 ptsASTY from its stated multiple

−5.9 ptsASUP from its stated multiple

ETFIQ Decay Resistance Score: ASUP scores higher

Did it keep up with its own daily multiple, compounded day by day?

A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed

ASTY7.2 pts short of its label · 3 months to Sep 11, 2026

ASUP5.9 pts short of its label · 3 months to Sep 11, 2026

Performance, window by window

ASTY and ASUP over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
Window	Total return		Multiple would give		Difference
Window	ASTY	ASUP	ASTY	ASUP	ASTY	ASUP
1 month	−39.6%	−38.9%	−38.9%	−38.9%	−0.7 pts	0.0 pts
3 months	−62.0%	−60.6%	−54.7%	−54.7%	−7.2 pts	−5.9 pts
Since launch	−76.0%	−75.7%	−75.6%	−75.6%	−0.4 pts	−0.1 pts

Open the live comparison on ETFIQ

ASTY and ASUP on the same fields, as of Sep 11, 2026. Source: ETFIQ.
	ASTY Defiance Daily Target 2X Long ASTS ETF Aims to return twice the daily move of ASTS	ASUP T-REX 2X Long ASTS Daily Target ETF Aims to return twice the daily move of ASTS
Issuer	Defiance	T-REX
Sets out to return	+2x	+2x
On	ASTS	ASTS
Segment	company	company
Fund returned, 3 months	−62.0%	−60.6%
Underlying returned, 3 months	−27.4%	−27.4%
What the stated multiple implies, 3 months	−54.7%	−54.7%
Difference from stated, 3 months	−7.2 pts	−5.9 pts
Fund returned, 1 year or since launch	−76.0%	−75.7%
Difference from stated, over that window	−0.4 pts	−0.1 pts
Underlying volatility	98%	98%
Difference over the days both have traded	−0.7 pts	0.0 pts
Expense ratio	1.31%	not published
Launched	May 21, 2026	May 21, 2026

ASTY in plain words

Three months to Sep 11, 2026: ASTY returned −62.0% where its own daily promise gave −58.4%, 3.6 points short. Read the multiple against the whole window instead and +2 times ASTS's −27.4% implies −54.7%, which makes ASTY look 7.2 points short. 3.7 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. ASTY 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 98% 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.

ASUP in plain words

Three months to Sep 11, 2026: ASUP returned −60.6% where its own daily promise gave −58.4%, 2.2 points short. Read the multiple against the whole window instead and +2 times ASTS's −27.4% implies −54.7%, which makes ASUP look 5.9 points short. ASUP aims to return +2 times ASTS's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, ASTY or ASUP?: Over the window to Sep 11, 2026, ASTY finished 7.2 points from what its multiple implies and ASUP finished 5.9 points from its own, so ASUP came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are ASTY and ASUP levered on the same thing?: Yes. Both are levered on ASTS, ASTY at +2 times and ASUP at +2 times the daily move.
Which one decays faster, ASTY or ASUP?: Decay follows how much the underlying moves about. Over this window ASTY’s moved at 98% annualized and ASUP’s at 98%, so ASTY has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold ASTY or ASUP 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.

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.

ASTY against ASUP, 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, ASTY against ASUP, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/ASTY-ASUP Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources