Data as of .
UMCU vs UMCX: which held to its multiple?
Over the days both have traded, UMCU finished 1.7 points from its stated multiple and UMCX 2.0.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| UMCU | UMCX | UMCU | UMCX | UMCU | UMCX | |
| 1 month | +32.8% | +32.5% | +34.5% | +34.5% | −1.7 pts | −2.0 pts |
| Since launch | +38.1% | −42.2% | +39.1% | −35.6% | −1.0 pts | −6.6 pts |
| UMCU Tradr 2X Long UMC Daily ETF Aims to return twice the daily move of UMC | UMCX Corgi UMC 2x Daily ETF Aims to return twice the daily move of UMC | |
|---|---|---|
| Issuer | Tradr | Corgi |
| Sets out to return | +2x | +2x |
| On | UMC | UMC |
| Segment | company | company |
| Fund returned, 3 months | +32.8% | +32.5% |
| Underlying returned, 3 months | +17.2% | +17.2% |
| What the stated multiple implies, 3 months | +34.5% | +34.5% |
| Difference from stated, 3 months | −1.7 pts | −2.0 pts |
| Fund returned, 1 year or since launch | +38.1% | −42.2% |
| Difference from stated, over that window | −1.0 pts | −6.6 pts |
| Underlying volatility | 44% | 44% |
| Difference over the days both have traded | −1.7 pts | −2.0 pts |
| Expense ratio | 1.49% | 0.45% |
| Launched | Aug 11, 2026 | Jun 24, 2026 |
UMCU in plain words
One month to Sep 11, 2026: UMCU returned +32.8% where its own daily promise gave +35.1%, 2.3 points short. Read the multiple against the whole window instead and +2 times UMC's 17.2% implies +34.5%, which makes UMCU look 1.7 points short. 0.6 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. UMCU aims to return +2 times UMC'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. UMC moved at 44% 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.
UMCX in plain words
One month to Sep 11, 2026: UMCX returned +32.5% where its own daily promise gave +35.1%, 2.6 points short. Read the multiple against the whole window instead and +2 times UMC's 17.2% implies +34.5%, which makes UMCX look 2.0 points short. UMCX aims to return +2 times UMC's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, UMCU or UMCX?
- Over the window to Sep 11, 2026, UMCU finished 1.7 points from what its multiple implies and UMCX finished 2.0 points from its own, so UMCU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are UMCU and UMCX levered on the same thing?
- Yes. Both are levered on UMC, UMCU at +2 times and UMCX at +2 times the daily move.
- Which one decays faster, UMCU or UMCX?
- Decay follows how much the underlying moves about. Over this window UMCU’s moved at 44% annualized and UMCX’s at 44%, so UMCU has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold UMCU or UMCX 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, UMCU or UMCX?
- UMCU charges 1.49% a year and UMCX charges 0.45%, so UMCX 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, UMCU against UMCX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/UMCU-UMCX Free to use with attribution; the underlying files are at Open data.