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

Over the window to Sep 30, 2026, AAPU finished 3.5 points from what its multiple implies and IOSX finished 3.7 points from its own, so AAPU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are AAPU and IOSX levered on the same thing?

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

Which one decays faster, AAPU or IOSX?

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

Can I hold AAPU 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, AAPU or IOSX?

AAPU charges 0.96% a year and IOSX charges 0.45%, so IOSX is cheaper. Fees come from each fund's prospectus.

Share on X Download as PDF Open live

AAPU vs IOSX: which held to its multiple?

Over the days both have traded, AAPU finished 1.3 points from its stated multiple and IOSX 0.9. Direxion Daily AAPL Bull 2X ETF and Corgi AAPL 2x Daily ETF.

+22.9%

AAPU returned, 3 months

+22.7%

IOSX returned, 3 months

−3.5 pts

AAPU from its stated multiple

−3.7 pts

IOSX from its stated multiple

AAPU · 3 months to Sep 30, 20263.5 pts short of its stated multiple

AAPU returned +22.9% while 2 times AAPL's move would have been +26.4%

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%

ETFIQ Decay Resistance Score · AAPU scores higherDid it keep up with its own daily multiple, compounded day by day?

AAPU 48.6

IOSX 43.6

0.1, the lowest in this set99.9, the highest

A percentile among the 470 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

	Total return		Multiple would give		Difference
Window	AAPU	IOSX	AAPU	IOSX	AAPU	IOSX
1 month	+8.9%	+9.3%	+10.2%	+10.2%	−1.3 pts	−0.9 pts
3 months	+22.9%	+22.7%	+26.4%	+26.4%	−3.5 pts	−3.7 pts
6 months	+56.9%	not published	+61.0%	not published	−4.1 pts	not published
1 year	+48.4%	not published	+62.5%	not published	−14.2 pts	not published
3 years	+141.2%	not published	+194.2%	not published	−53.0 pts	not published
Since launch AAPU Aug 2022 · IOSX Jun 2026	+132.8%	+27.2%	not meaningful	+30.4%	not meaningful	−3.2 pts

AAPU 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

AAPU

Direxion Daily AAPL Bull 2X 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 Direxion Corgi

Sets out to return +2x +2x

Underlying asset AAPL AAPL

Segment company company

Fund returned, 3 months or since launch +22.9% +22.7%

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

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

Difference from stated, over that window −3.5 pts −3.7 pts

Fund returned, 1 year or since launch +48.4% +27.2%

Difference from stated, over that window −14.2 pts −3.2 pts

Underlying volatility 28% 28%

Difference over the days both have traded −1.3 pts −0.9 pts

Expense ratio 0.96% 0.45%

Launched Aug 9, 2022 Jun 30, 2026

Net assets $156m $501,176

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

AAPU in plain words

Three months to Sep 30, 2026: AAPU returned +22.9% where its own daily promise gave +25.6%, 2.7 points short. Read the multiple against the whole window instead and 2 times AAPL's 13.2% implies +26.4%, which makes AAPU look 3.5 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. AAPU 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 28% 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. IOSX aims to return +2 times AAPL's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, AAPU or IOSX?: Over the window to Sep 30, 2026, AAPU finished 3.5 points from what its multiple implies and IOSX finished 3.7 points from its own, so AAPU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are AAPU and IOSX levered on the same thing?: Yes. Both are levered on Apple, AAPU at +2 times and IOSX at +2 times the daily move.
Which one decays faster, AAPU or IOSX?: Decay follows how much the underlying moves about. Over this window AAPU’s moved at 28% annualized and IOSX’s at 28%, so AAPU has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold AAPU 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, AAPU or IOSX?: AAPU charges 0.96% a year and IOSX charges 0.45%, so IOSX is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

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

Where these figures came from

AAPU filings on SEC EDGAR ↗AAPU prospectus with the expense ratio (SEC) ↗Direxion 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, AAPU against IOSX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/aapu-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.