Data as of .
SNDG vs SNDQ: which held to its multiple?
Over three months against its own daily promise, SNDG finished 2.2 points short and SNDQ 0.1 points over.
ETFIQ Decay Resistance Score: SNDG 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 | |||
|---|---|---|---|---|---|---|
| SNDG | SNDQ | SNDG | SNDQ | SNDG | SNDQ | |
| 1 month | +37.2% | −45.1% | +43.0% | −43.0% | −5.8 pts | −2.1 pts |
| 3 months | −58.0% | −64.8% | −35.0% | +35.0% | −22.9 pts | −99.8 pts |
| Since launch | −28.0% | −95.2% | +25.0% | −150.3% | −53.0 pts | +55.1 pts |
| SNDG Leverage Shares 2X Long SNDK Daily ETF Aims to return twice the daily move of SNDK | SNDQ Tradr 2X Short SNDK Daily ETF Aims to return twice the opposite of the daily move of SNDK | |
|---|---|---|
| Issuer | Leverage Shares | Tradr |
| Sets out to return | +2x | -2x |
| On | SNDK | SNDK |
| Segment | company | company |
| Fund returned, 3 months | −58.0% | −64.8% |
| Underlying returned, 3 months | −17.5% | −17.5% |
| What the stated multiple implies, 3 months | −35.0% | +35.0% |
| Difference from stated, 3 months | −22.9 pts | −99.8 pts |
| Fund returned, 1 year or since launch | −28.0% | −95.2% |
| Difference from stated, over that window | −53.0 pts | +55.1 pts |
| Underlying volatility | 134% | 134% |
| Difference over the days both have traded | −5.8 pts | no shared window |
| Expense ratio | 0.75% | 1.49% |
| Launched | May 12, 2026 | Apr 23, 2026 |
SNDG in plain words
Three months to Sep 11, 2026: SNDG returned −58.0% where its own daily promise gave −55.7%, 2.2 points short. Read the multiple against the whole window instead and +2 times SNDK's −17.5% implies −35.0%, which makes SNDG look 22.9 points short. 20.7 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. SNDG aims to return +2 times SNDK'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. SNDK moved at 134% 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.
SNDQ in plain words
Three months to Sep 11, 2026: SNDQ returned −64.8% where its own daily promise gave −64.9%, 0.1 points over. Read the multiple against the whole window instead and −2 times SNDK's −17.5% implies +35.0%, which makes SNDQ look 99.8 points short. 99.9 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. SNDQ aims to return -2 times SNDK's move each day, then resets. 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.
Questions people ask
- Which came closer to its stated multiple, SNDG or SNDQ?
- Over the window to Sep 11, 2026, SNDG finished 22.9 points from what its multiple implies and SNDQ finished 99.8 points from its own, so SNDG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are SNDG and SNDQ levered on the same thing?
- Yes. Both are levered on SNDK, SNDG at +2 times and SNDQ at -2 times the daily move.
- Which one decays faster, SNDG or SNDQ?
- Decay follows how much the underlying moves about. Over this window SNDG’s moved at 134% annualized and SNDQ’s at 134%, so SNDG has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold SNDG or SNDQ 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, SNDG or SNDQ?
- SNDG charges 0.75% a year and SNDQ charges 1.49%, so SNDG is cheaper. Fees come from each fund's prospectus.
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, SNDG against SNDQ, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/SNDG-SNDQ Free to use with attribution; the underlying files are at Open data.