Data as of .
AXTC vs AXTL: which held to its multiple?
Over the days both have traded, AXTC finished 5.9 points from its stated multiple and AXTL 6.6.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| AXTC | AXTL | AXTC | AXTL | AXTC | AXTL | |
| 1 month | −40.9% | −41.5% | −34.9% | −34.9% | −5.9 pts | −6.6 pts |
| Since launch | −24.9% | −75.1% | +22.8% | −60.8% | −47.7 pts | −14.4 pts |
| AXTC Corgi AXTI 2x Daily ETF Aims to return twice the daily move of AXTI | AXTL Leverage Shares 2X Long AXTI Daily ETF Aims to return twice the daily move of AXTI | |
|---|---|---|
| Issuer | Corgi | Leverage Shares |
| Sets out to return | +2x | +2x |
| On | AXTI | AXTI |
| Segment | company | company |
| Fund returned, 3 months | −40.9% | −41.5% |
| Underlying returned, 3 months | −17.5% | −17.5% |
| What the stated multiple implies, 3 months | −34.9% | −34.9% |
| Difference from stated, 3 months | −5.9 pts | −6.6 pts |
| Fund returned, 1 year or since launch | −24.9% | −75.1% |
| Difference from stated, over that window | −47.7 pts | −14.4 pts |
| Underlying volatility | 123% | 123% |
| Difference over the days both have traded | −5.9 pts | −6.6 pts |
| Expense ratio | 0.45% | 0.99% |
| Launched | Jul 7, 2026 | Jun 16, 2026 |
AXTC in plain words
One month to Sep 11, 2026: AXTC returned −40.9% where its own daily promise gave −40.3%, 0.6 points short. Read the multiple against the whole window instead and +2 times AXTI's −17.5% implies −34.9%, which makes AXTC look 5.9 points short. 5.4 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. AXTC aims to return +2 times AXTI'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. AXTI moved at 123% 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.
AXTL in plain words
One month to Sep 11, 2026: AXTL returned −41.5% where its own daily promise gave −40.3%, 1.2 points short. Read the multiple against the whole window instead and +2 times AXTI's −17.5% implies −34.9%, which makes AXTL look 6.6 points short. AXTL aims to return +2 times AXTI's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, AXTC or AXTL?
- Over the window to Sep 11, 2026, AXTC finished 5.9 points from what its multiple implies and AXTL finished 6.6 points from its own, so AXTC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are AXTC and AXTL levered on the same thing?
- Yes. Both are levered on AXTI, AXTC at +2 times and AXTL at +2 times the daily move.
- Which one decays faster, AXTC or AXTL?
- Decay follows how much the underlying moves about. Over this window AXTC’s moved at 123% annualized and AXTL’s at 123%, so AXTC has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold AXTC or AXTL 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, AXTC or AXTL?
- AXTC charges 0.45% a year and AXTL charges 0.99%, so AXTC 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, AXTC against AXTL, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/AXTC-AXTL Free to use with attribution; the underlying files are at Open data.