Data as of .
PYPG vs PYPU: which held to its multiple?
Over the days both have traded, PYPG finished 7.7 points from its stated multiple and PYPU 6.7.
ETFIQ Decay Resistance Score: PYPU scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| PYPG | PYPU | PYPG | PYPU | PYPG | PYPU | |
| 1 month | −20.8% | −20.7% | −18.1% | −18.1% | −2.8 pts | −2.6 pts |
| 3 months | +51.7% | +52.7% | +59.4% | +59.4% | −7.7 pts | −6.7 pts |
| 6 months | +23.0% | not published | +40.7% | not published | −17.7 pts | not published |
| 1 year | −54.2% | not published | −38.5% | not published | −15.7 pts | not published |
| Since launch | −45.5% | +25.2% | −13.9% | +41.0% | −31.6 pts | −15.8 pts |
| PYPG Leverage Shares 2X Long PYPL Daily ETF Aims to return twice the daily move of PYPL | PYPU Direxion Daily PYPL Bull 2X ETF Aims to return twice the daily move of PYPL | |
|---|---|---|
| Issuer | Leverage Shares | Direxion |
| Sets out to return | +2x | +2x |
| On | PYPL | PYPL |
| Segment | company | company |
| Fund returned, 3 months | +51.7% | +52.7% |
| Underlying returned, 3 months | +29.7% | +29.7% |
| What the stated multiple implies, 3 months | +59.4% | +59.4% |
| Difference from stated, 3 months | −7.7 pts | −6.7 pts |
| Fund returned, 1 year or since launch | −54.2% | +25.2% |
| Difference from stated, over that window | −15.7 pts | −15.8 pts |
| Underlying volatility | 52% | 52% |
| Difference over the days both have traded | −7.7 pts | −6.7 pts |
| Expense ratio | 0.77% | 0.97% |
| Launched | Apr 4, 2025 | Mar 25, 2026 |
PYPG in plain words
Three months to Sep 11, 2026: PYPG returned +51.7% where its own daily promise gave +57.5%, 5.8 points short. Read the multiple against the whole window instead and +2 times PYPL's 29.7% implies +59.4%, which makes PYPG look 7.7 points short. 1.9 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. PYPG aims to return +2 times PYPL'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. PYPL moved at 52% 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.
PYPU in plain words
Three months to Sep 11, 2026: PYPU returned +52.7% where its own daily promise gave +57.5%, 4.8 points short. Read the multiple against the whole window instead and +2 times PYPL's 29.7% implies +59.4%, which makes PYPU look 6.7 points short. PYPU aims to return +2 times PYPL's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, PYPG or PYPU?
- Over the window to Sep 11, 2026, PYPG finished 7.7 points from what its multiple implies and PYPU finished 6.7 points from its own, so PYPU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are PYPG and PYPU levered on the same thing?
- Yes. Both are levered on PYPL, PYPG at +2 times and PYPU at +2 times the daily move.
- Which one decays faster, PYPG or PYPU?
- Decay follows how much the underlying moves about. Over this window PYPG’s moved at 52% annualized and PYPU’s at 52%, so PYPG has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold PYPG or PYPU 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, PYPG or PYPU?
- PYPG charges 0.77% a year and PYPU charges 0.97%, so PYPG 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, PYPG against PYPU, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/PYPG-PYPU Free to use with attribution; the underlying files are at Open data.