Data as of .
MPWC vs MPWX: which held to its multiple?
Over the days both have traded, MPWC finished 0.0 points from its stated multiple and MPWX 0.2.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| MPWC | MPWX | MPWC | MPWX | MPWC | MPWX | |
| 1 month | −26.8% | −26.6% | −26.7% | −26.7% | 0.0 pts | +0.2 pts |
| 3 months | not published | −45.6% | not published | −43.2% | not published | −2.4 pts |
| Since launch | −11.7% | −52.4% | −6.0% | −48.5% | −5.7 pts | −3.9 pts |
| MPWC Corgi MPWR 2x Daily ETF Aims to return twice the daily move of MPWR | MPWX Tradr 2X Long MPWR Daily ETF Aims to return twice the daily move of MPWR | |
|---|---|---|
| Issuer | Corgi | Tradr |
| Sets out to return | +2x | +2x |
| On | MPWR | MPWR |
| Segment | company | company |
| Fund returned, 3 months | −26.8% | −45.6% |
| Underlying returned, 3 months | −13.4% | −21.6% |
| What the stated multiple implies, 3 months | −26.7% | −43.2% |
| Difference from stated, 3 months | 0.0 pts | −2.4 pts |
| Fund returned, 1 year or since launch | −11.7% | −52.4% |
| Difference from stated, over that window | −5.7 pts | −3.9 pts |
| Underlying volatility | 38% | 60% |
| Difference over the days both have traded | 0.0 pts | +0.2 pts |
| Expense ratio | not published | 1.49% |
| Launched | Jul 7, 2026 | Apr 24, 2026 |
MPWC in plain words
One month to Sep 11, 2026: MPWC returned −26.8% where its own daily promise gave −26.0%, 0.8 points short. Read the multiple against the whole window instead and +2 times MPWR's −13.4% implies −26.7%, which makes MPWC look 0.0 points short. 0.8 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. MPWC aims to return +2 times MPWR'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. MPWR 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.
MPWX in plain words
Three months to Sep 11, 2026: MPWX returned −45.6% where its own daily promise gave −43.9%, 1.7 points short. Read the multiple against the whole window instead and +2 times MPWR's −21.6% implies −43.2%, which makes MPWX look 2.4 points short. 0.7 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. MPWX aims to return +2 times MPWR's move each day, then resets. MPWR moved at 60% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, MPWC or MPWX?
- Over the window to Sep 11, 2026, MPWC finished 0.0 points from what its multiple implies and MPWX finished 2.4 points from its own, so MPWC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are MPWC and MPWX levered on the same thing?
- Yes. Both are levered on MPWR, MPWC at +2 times and MPWX at +2 times the daily move.
- Which one decays faster, MPWC or MPWX?
- Decay follows how much the underlying moves about. Over this window MPWC’s moved at 38% annualized and MPWX’s at 60%, so MPWX has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold MPWC or MPWX 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, MPWC against MPWX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/MPWC-MPWX Free to use with attribution; the underlying files are at Open data.