Which came closer to its stated multiple, AAPE or IOSX?

Over the window to Sep 30, 2026, AAPE finished 1.0 points from what its multiple implies and IOSX finished 3.7 points from its own, so AAPE came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are AAPE and IOSX levered on the same thing?

Yes. Both are levered on Apple, AAPE at +2 times and IOSX at +2 times the daily move.

Which one decays faster, AAPE or IOSX?

Decay follows how much the underlying moves about. Over this window AAPE’s moved at 23% annualized and IOSX’s at 28%, so IOSX has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold AAPE or IOSX 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, AAPE or IOSX?

AAPE charges 0.75% a year and IOSX charges 0.45%, so IOSX is cheaper. Fees come from each fund's prospectus.

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AAPE vs IOSX: which held to its multiple?

Over the days both have traded, AAPE finished 1.0 points from its stated multiple and IOSX 0.9. Leverage Shares 2X Long AAPL Daily ETF and Corgi AAPL 2x Daily ETF.

+10.0%

AAPE returned, since launch

+22.7%

IOSX returned, 3 months

−4.6 pts

AAPE from its stated multiple

−3.7 pts

IOSX from its stated multiple

AAPE · 1 month to Sep 30, 20261 pt short of its stated multiple

AAPE returned +9.2% while 2 times AAPL's move would have been +10.2%

IOSX · 3 months to Sep 30, 20263.7 pts short of its stated multiple

IOSX returned +22.7% while 2 times AAPL's move would have been +26.4%

Performance, window by window

	Total return		Multiple would give		Difference
Window	AAPE	IOSX	AAPE	IOSX	AAPE	IOSX
1 month	+9.2%	+9.3%	+10.2%	+10.2%	−1.0 pts	−0.9 pts
3 months	not published	+22.7%	not published	+26.4%	not published	−3.7 pts
Since launch AAPE Jul 2026 · IOSX Jun 2026	+10.0%	+27.2%	+14.6%	+30.4%	−4.6 pts	−3.2 pts

AAPE and IOSX over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

AAPE

Leverage Shares 2X Long AAPL Daily ETF · Aims to return twice the daily move of Apple (AAPL)

IOSX

Corgi AAPL 2x Daily ETF · Aims to return twice the daily move of Apple (AAPL)

Issuer Leverage Shares Corgi

Sets out to return +2x +2x

Underlying asset AAPL AAPL

Segment company company

Fund returned, 3 months or since launch +9.2% +22.7%

Underlying returned, over that window +5.1% +13.2%

What the stated multiple implies, over that window +10.2% +26.4%

Difference from stated, over that window −1.0 pts −3.7 pts

Fund returned, 1 year or since launch +10.0% +27.2%

Difference from stated, over that window −4.6 pts −3.2 pts

Underlying volatility 23% 28%

Difference over the days both have traded −1.0 pts −0.9 pts

Expense ratio 0.75% 0.45%

Launched Jul 7, 2026 Jun 30, 2026

Net assets $797,000 $501,176

AAPE and IOSX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

AAPE in plain words

One month to Sep 30, 2026: AAPE returned +9.2% where its own daily promise gave +10.0%, 0.8 points short. Read the multiple against the whole window instead and 2 times AAPL's 5.1% implies +10.2%, which makes AAPE look 1.0 points short. 0.2 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. AAPE aims to return +2 times AAPL'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. AAPL moved at 23% 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.

IOSX in plain words

Three months to Sep 30, 2026: IOSX returned +22.7% where its own daily promise gave +25.6%, 2.9 points short. Read the multiple against the whole window instead and 2 times AAPL's 13.2% implies +26.4%, which makes IOSX look 3.7 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. IOSX aims to return +2 times AAPL's move each day, then resets. AAPL moved at 28% annualized over that window.

Questions people ask

Which came closer to its stated multiple, AAPE or IOSX?: Over the window to Sep 30, 2026, AAPE finished 1.0 points from what its multiple implies and IOSX finished 3.7 points from its own, so AAPE came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are AAPE and IOSX levered on the same thing?: Yes. Both are levered on Apple, AAPE at +2 times and IOSX at +2 times the daily move.
Which one decays faster, AAPE or IOSX?: Decay follows how much the underlying moves about. Over this window AAPE’s moved at 23% annualized and IOSX’s at 28%, so IOSX has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold AAPE or IOSX 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, AAPE or IOSX?: AAPE charges 0.75% a year and IOSX charges 0.45%, so IOSX is cheaper. Fees come from each fund's prospectus.

Other comparisons

AAPE vs AAPU AAPE vs AAPX AAPE vs AAPB AAPE vs AAPD IOSX vs AAPB IOSX vs AAPD IOSX vs AAPU IOSX vs AAPX

AAPE on its own →IOSX on its own →How every figure is computed →Standards and sources →

Where these figures came from

AAPE filings on SEC EDGAR ↗AAPE prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗IOSX filings on SEC EDGAR ↗IOSX prospectus with the expense ratio (SEC) ↗Corgi website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, AAPE against IOSX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/aape-vs-iosx

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.