Data as of .
KEYG vs KEYX: which held to its multiple?
Over the days both have traded, KEYG finished 1.9 points from its stated multiple and KEYX 1.5.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| KEYG | KEYX | KEYG | KEYX | KEYG | KEYX | |
| 1 month | −10.8% | −10.5% | −8.9% | −8.9% | −1.9 pts | −1.5 pts |
| Since launch | −14.9% | −13.6% | −6.7% | −7.2% | −8.3 pts | −6.4 pts |
| KEYG Leverage Shares 2X Long KEYS Daily ETF Aims to return twice the daily move of KEYS | KEYX Corgi KEYS 2x Daily ETF Aims to return twice the daily move of KEYS | |
|---|---|---|
| Issuer | Leverage Shares | Corgi |
| Sets out to return | +2x | +2x |
| On | KEYS | KEYS |
| Segment | company | company |
| Fund returned, 3 months | −10.8% | −10.5% |
| Underlying returned, 3 months | −4.5% | −4.5% |
| What the stated multiple implies, 3 months | −8.9% | −8.9% |
| Difference from stated, 3 months | −1.9 pts | −1.5 pts |
| Fund returned, 1 year or since launch | −14.9% | −13.6% |
| Difference from stated, over that window | −8.3 pts | −6.4 pts |
| Underlying volatility | 38% | 38% |
| Difference over the days both have traded | −1.9 pts | −1.5 pts |
| Expense ratio | 0.99% | 0.45% |
| Launched | Jun 16, 2026 | Jun 24, 2026 |
KEYG in plain words
One month to Sep 11, 2026: KEYG returned −10.8% where its own daily promise gave −9.9%, 0.9 points short. Read the multiple against the whole window instead and +2 times KEYS's −4.5% implies −8.9%, which makes KEYG look 1.9 points short. 1.0 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. KEYG aims to return +2 times KEYS'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. KEYS moved at 38% 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.
KEYX in plain words
One month to Sep 11, 2026: KEYX returned −10.5% where its own daily promise gave −9.9%, 0.6 points short. Read the multiple against the whole window instead and +2 times KEYS's −4.5% implies −8.9%, which makes KEYX look 1.5 points short. KEYX aims to return +2 times KEYS's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, KEYG or KEYX?
- Over the window to Sep 11, 2026, KEYG finished 1.9 points from what its multiple implies and KEYX finished 1.5 points from its own, so KEYX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are KEYG and KEYX levered on the same thing?
- Yes. Both are levered on KEYS, KEYG at +2 times and KEYX at +2 times the daily move.
- Which one decays faster, KEYG or KEYX?
- Decay follows how much the underlying moves about. Over this window KEYG’s moved at 38% annualized and KEYX’s at 38%, so KEYG has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold KEYG or KEYX 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, KEYG or KEYX?
- KEYG charges 0.99% a year and KEYX charges 0.45%, so KEYX is cheaper. Fees come from each fund's prospectus.
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, KEYG against KEYX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/KEYG-KEYX Free to use with attribution; the underlying files are at Open data.