Which came closer to its stated multiple, AXTL or AXTX?

Over the window to Sep 11, 2026, AXTL finished 6.6 points from what its multiple implies and AXTX finished 11.7 points from its own, so AXTL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are AXTL and AXTX levered on the same thing?

Yes. Both are levered on AXTI, AXTL at +2 times and AXTX at +2 times the daily move.

Which one decays faster, AXTL or AXTX?

Decay follows how much the underlying moves about. Over this window AXTL’s moved at 123% annualized and AXTX’s at 165%, so AXTX has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold AXTL or AXTX 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, AXTL or AXTX?

AXTL charges 0.99% a year and AXTX charges 1.49%, so AXTL is cheaper. Fees come from each fund's prospectus.

ETFIQetfiq.com · independent ETF data

Data as of Sep 11, 2026.

AXTL vs AXTX: which held to its multiple?

Over the days both have traded, AXTL finished 6.6 points from its stated multiple and AXTX 6.5.

Leverage Shares 2X Long AXTI Daily ETF and Tradr 2X Long AXTI Daily ETF, side by side, leveraged ETFs on ETFIQ.

−75.1%AXTL returned, 3 months

−78.4%AXTX returned, 3 months

−14.4 ptsAXTL from its stated multiple

−11.7 ptsAXTX from its stated multiple

AXTL6.6 pts short of its label · 1 month to Sep 11, 2026

AXTX11.7 pts short of its label · 3 months to Sep 11, 2026

Performance, window by window

AXTL and AXTX over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
Window	Total return		Multiple would give		Difference
Window	AXTL	AXTX	AXTL	AXTX	AXTL	AXTX
1 month	−41.5%	−41.4%	−34.9%	−34.9%	−6.6 pts	−6.5 pts
3 months	not published	−78.4%	not published	−66.7%	not published	−11.7 pts
Since launch	−75.1%	−74.6%	−60.8%	−29.9%	−14.4 pts	−44.7 pts

Open the live comparison on ETFIQ

AXTL and AXTX on the same fields, as of Sep 11, 2026. Source: ETFIQ.
	AXTL Leverage Shares 2X Long AXTI Daily ETF Aims to return twice the daily move of AXTI	AXTX Tradr 2X Long AXTI Daily ETF Aims to return twice the daily move of AXTI
Issuer	Leverage Shares	Tradr
Sets out to return	+2x	+2x
On	AXTI	AXTI
Segment	company	company
Fund returned, 3 months	−41.5%	−78.4%
Underlying returned, 3 months	−17.5%	−33.4%
What the stated multiple implies, 3 months	−34.9%	−66.7%
Difference from stated, 3 months	−6.6 pts	−11.7 pts
Fund returned, 1 year or since launch	−75.1%	−74.6%
Difference from stated, over that window	−14.4 pts	−44.7 pts
Underlying volatility	123%	165%
Difference over the days both have traded	−6.6 pts	−6.5 pts
Expense ratio	0.99%	1.49%
Launched	Jun 16, 2026	Apr 24, 2026

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. 5.4 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. AXTL 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.

AXTX in plain words

Three months to Sep 11, 2026: AXTX returned −78.4% where its own daily promise gave −77.0%, 1.5 points short. Read the multiple against the whole window instead and +2 times AXTI's −33.4% implies −66.7%, which makes AXTX look 11.7 points short. 10.3 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. AXTX aims to return +2 times AXTI's move each day, then resets. AXTI moved at 165% annualized over that window.

Questions people ask

Which came closer to its stated multiple, AXTL or AXTX?: Over the window to Sep 11, 2026, AXTL finished 6.6 points from what its multiple implies and AXTX finished 11.7 points from its own, so AXTL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are AXTL and AXTX levered on the same thing?: Yes. Both are levered on AXTI, AXTL at +2 times and AXTX at +2 times the daily move.
Which one decays faster, AXTL or AXTX?: Decay follows how much the underlying moves about. Over this window AXTL’s moved at 123% annualized and AXTX’s at 165%, so AXTX has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold AXTL or AXTX 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, AXTL or AXTX?: AXTL charges 0.99% a year and AXTX charges 1.49%, so AXTL 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.

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

How every figure is computed · Standards and sources