Data as of .
HIMC vs HIMZ: which held to its multiple?
Over the days both have traded, HIMC finished 4.1 points from its stated multiple and HIMZ 6.1.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| HIMC | HIMZ | HIMC | HIMZ | HIMC | HIMZ | |
| 1 month | −20.5% | −22.5% | −16.4% | −16.4% | −4.1 pts | −6.1 pts |
| 3 months | not published | −21.6% | not published | +5.1% | not published | −26.7 pts |
| 6 months | not published | −30.1% | not published | +22.1% | not published | −52.2 pts |
| 1 year | not published | −91.0% | not published | −93.7% | not published | +2.7 pts |
| Since launch | −49.0% | −89.6% | −43.5% | −25.6% | −5.5 pts | −64.0 pts |
| HIMC Corgi HIMS 2x Daily ETF Aims to return twice the daily move of HIMS | HIMZ Defiance Daily Target 2X Long HIMS ETF Aims to return twice the daily move of HIMS | |
|---|---|---|
| Issuer | Corgi | Defiance |
| Sets out to return | +2x | +2x |
| On | HIMS | HIMS |
| Segment | company | company |
| Fund returned, 3 months | −20.5% | −21.6% |
| Underlying returned, 3 months | −8.2% | +2.6% |
| What the stated multiple implies, 3 months | −16.4% | +5.1% |
| Difference from stated, 3 months | −4.1 pts | −26.7 pts |
| Fund returned, 1 year or since launch | −49.0% | −91.0% |
| Difference from stated, over that window | −5.5 pts | +2.7 pts |
| Underlying volatility | 79% | 90% |
| Difference over the days both have traded | −4.1 pts | −6.1 pts |
| Expense ratio | not published | 1.33% |
| Launched | Jul 14, 2026 | Mar 13, 2025 |
HIMC in plain words
One month to Sep 11, 2026: HIMC returned −20.5% where its own daily promise gave −20.0%, 0.5 points short. Read the multiple against the whole window instead and +2 times HIMS's −8.2% implies −16.4%, which makes HIMC look 4.1 points short. 3.6 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. HIMC aims to return +2 times HIMS'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. HIMS moved at 79% 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.
HIMZ in plain words
Three months to Sep 11, 2026: HIMZ returned −21.6% where its own daily promise gave −14.3%, 7.3 points short. Read the multiple against the whole window instead and +2 times HIMS's 2.6% implies +5.1%, which makes HIMZ look 26.7 points short. 19.4 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. HIMZ aims to return +2 times HIMS's move each day, then resets. HIMS moved at 90% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, HIMC or HIMZ?
- Over the window to Sep 11, 2026, HIMC finished 4.1 points from what its multiple implies and HIMZ finished 26.7 points from its own, so HIMC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are HIMC and HIMZ levered on the same thing?
- Yes. Both are levered on HIMS, HIMC at +2 times and HIMZ at +2 times the daily move.
- Which one decays faster, HIMC or HIMZ?
- Decay follows how much the underlying moves about. Over this window HIMC’s moved at 79% annualized and HIMZ’s at 90%, so HIMZ has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold HIMC or HIMZ 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.
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, HIMC against HIMZ, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/HIMC-HIMZ Free to use with attribution; the underlying files are at Open data.