Data as of .
BEC vs BEX: which held to its multiple?
Over the days both have traded, BEC finished 7.4 points from its stated multiple and BEX 5.0.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| BEC | BEX | BEC | BEX | BEC | BEX | |
| 1 month | +25.1% | +27.5% | +32.5% | +32.5% | −7.4 pts | −5.0 pts |
| 3 months | not published | −22.9% | not published | +11.9% | not published | −34.8 pts |
| Since launch | −38.1% | −46.0% | −17.8% | −17.6% | −20.3 pts | −28.4 pts |
| BEC Corgi BE 2x Daily ETF Aims to return twice the daily move of BE | BEX Tradr 2X Long BE Daily ETF Aims to return twice the daily move of BE | |
|---|---|---|
| Issuer | Corgi | Tradr |
| Sets out to return | +2x | +2x |
| On | BE | BE |
| Segment | company | company |
| Fund returned, 3 months | +25.1% | −22.9% |
| Underlying returned, 3 months | +16.3% | +6.0% |
| What the stated multiple implies, 3 months | +32.5% | +11.9% |
| Difference from stated, 3 months | −7.4 pts | −34.8 pts |
| Fund returned, 1 year or since launch | −38.1% | −46.0% |
| Difference from stated, over that window | −20.3 pts | −28.4 pts |
| Underlying volatility | 74% | 119% |
| Difference over the days both have traded | −7.4 pts | −5.0 pts |
| Expense ratio | not published | 1.30% |
| Launched | Jun 30, 2026 | May 26, 2026 |
BEC in plain words
One month to Sep 11, 2026: BEC returned +25.1% where its own daily promise gave +29.1%, 4.0 points short. Read the multiple against the whole window instead and +2 times BE's 16.3% implies +32.5%, which makes BEC look 7.4 points short. 3.4 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. BEC aims to return +2 times BE'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. BE 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.
BEX in plain words
Three months to Sep 11, 2026: BEX returned −22.9% where its own daily promise gave −20.7%, 2.1 points short. Read the multiple against the whole window instead and +2 times BE's 6.0% implies +11.9%, which makes BEX look 34.8 points short. 32.7 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. BEX aims to return +2 times BE's move each day, then resets. BE moved at 119% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, BEC or BEX?
- Over the window to Sep 11, 2026, BEC finished 7.4 points from what its multiple implies and BEX finished 34.8 points from its own, so BEC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are BEC and BEX levered on the same thing?
- Yes. Both are levered on BE, BEC at +2 times and BEX at +2 times the daily move.
- Which one decays faster, BEC or BEX?
- Decay follows how much the underlying moves about. Over this window BEC’s moved at 74% annualized and BEX’s at 119%, so BEX has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold BEC or BEX 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.
Cite this page. ETFIQ, BEC against BEX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/BEC-BEX Free to use with attribution; the underlying files are at Open data.