Data as of .
SNDG vs SNDU: which held to its multiple?
Over the days both have traded, SNDG finished 5.8 points from its stated multiple and SNDU 7.2.
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 | SNDU | SNDG | SNDU | SNDG | SNDU | |
| 1 month | +37.2% | +35.8% | +43.0% | +43.0% | −5.8 pts | −7.2 pts |
| 3 months | −58.0% | −58.9% | −35.0% | −35.0% | −22.9 pts | −23.9 pts |
| 6 months | not published | +180.8% | not published | not meaningful | not published | not meaningful |
| Since launch | −28.0% | +214.7% | +25.0% | not meaningful | −53.0 pts | not meaningful |
| SNDG Leverage Shares 2X Long SNDK Daily ETF Aims to return twice the daily move of SNDK | SNDU T-REX 2X LONG SNDK DAILY TARGET ETF Aims to return twice the daily move of SNDK | |
|---|---|---|
| Issuer | Leverage Shares | T-REX |
| Sets out to return | +2x | +2x |
| On | SNDK | SNDK |
| Segment | company | company |
| Fund returned, 3 months | −58.0% | −58.9% |
| 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 | −23.9 pts |
| Fund returned, 1 year or since launch | −28.0% | +214.7% |
| Difference from stated, over that window | −53.0 pts | not available |
| Underlying volatility | 134% | 134% |
| Difference over the days both have traded | −5.8 pts | −7.2 pts |
| Expense ratio | 0.75% | 1.50% |
| Launched | May 12, 2026 | Mar 12, 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.
SNDU in plain words
Three months to Sep 11, 2026: SNDU returned −58.9% where its own daily promise gave −55.7%, 3.2 points short. Read the multiple against the whole window instead and +2 times SNDK's −17.5% implies −35.0%, which makes SNDU look 23.9 points short. SNDU aims to return +2 times SNDK's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, SNDG or SNDU?
- Over the window to Sep 11, 2026, SNDG finished 22.9 points from what its multiple implies and SNDU finished 23.9 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 SNDU levered on the same thing?
- Yes. Both are levered on SNDK, SNDG at +2 times and SNDU at +2 times the daily move.
- Which one decays faster, SNDG or SNDU?
- Decay follows how much the underlying moves about. Over this window SNDG’s moved at 134% annualized and SNDU’s at 134%, so SNDG has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold SNDG or SNDU 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 SNDU?
- SNDG charges 0.75% a year and SNDU charges 1.50%, 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 SNDU, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/SNDG-SNDU Free to use with attribution; the underlying files are at Open data.