Which came closer to its stated multiple, ALA or LABX?

Over the window to Sep 30, 2026, ALA finished 6.6 points from what its multiple implies and LABX finished 13.5 points from its own, so ALA came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are ALA and LABX levered on the same thing?

Yes. Both are levered on Astera Labs, ALA at +2 times and LABX at +2 times the daily move.

Which one decays faster, ALA or LABX?

Decay follows how much the underlying moves about. Over this window ALA’s moved at 92% annualized and LABX’s at 98%, so LABX has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold ALA or LABX 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, ALA or LABX?

ALA charges 0.45% a year and LABX charges 1.30%, so ALA is cheaper. Fees come from each fund's prospectus.

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ALA vs LABX: which held to its multiple?

Over the days both have traded, ALA finished 6.6 points from its stated multiple and LABX 7.9. Corgi ALAB 2x Daily ETF and Tradr 2X Long ALAB Daily ETF.

−41.2%

ALA returned, since launch

−48.3%

LABX returned, 3 months

−13.6 pts

ALA from its stated multiple

−13.5 pts

LABX from its stated multiple

ALA · 1 month to Sep 30, 20266.6 pts short of its stated multiple

ALA returned +33.2% while 2 times ALAB's move would have been +39.7%

LABX · 3 months to Sep 30, 202613.5 pts short of its stated multiple

LABX returned −48.3% while 2 times ALAB's move would have been −34.8%

Performance, window by window

	Total return		Multiple would give		Difference
Window	ALA	LABX	ALA	LABX	ALA	LABX
1 month	+33.2%	+31.8%	+39.7%	+39.7%	−6.6 pts	−7.9 pts
3 months	not published	−48.3%	not published	−34.8%	not published	−13.5 pts
6 months	not published	+542.0%	not published	not meaningful	not published	not meaningful
1 year	not published	+8.7%	not published	+163.6%	not published	−154.9 pts
Since launch ALA Jul 2026 · LABX Aug 2025	−41.2%	+5.4%	−27.6%	+170.8%	−13.6 pts	−165.4 pts

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

On the same fields

ALA

Corgi ALAB 2x Daily ETF · Aims to return twice the daily move of Astera Labs (ALAB)

LABX

Tradr 2X Long ALAB Daily ETF · Aims to return twice the daily move of Astera Labs (ALAB)

Issuer Corgi Tradr

Sets out to return +2x +2x

Underlying asset ALAB ALAB

Segment company company

Fund returned, 3 months or since launch +33.2% −48.3%

Underlying returned, over that window +19.9% −17.4%

What the stated multiple implies, over that window +39.7% −34.8%

Difference from stated, over that window −6.6 pts −13.5 pts

Fund returned, 1 year or since launch −41.2% +8.7%

Difference from stated, over that window −13.6 pts −154.9 pts

Underlying volatility 92% 98%

Difference over the days both have traded −6.6 pts −7.9 pts

Expense ratio 0.45% 1.30%

Launched Jul 10, 2026 Aug 12, 2025

Net assets $572,317 $79m

ALA and LABX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

ALA in plain words

One month to Sep 30, 2026: ALA returned +33.2% where its own daily promise gave +33.7%, 0.6 points short. Read the multiple against the whole window instead and 2 times ALAB's 19.9% implies +39.7%, which makes ALA look 6.6 points short. 6.0 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. ALA aims to return +2 times ALAB'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. ALAB moved at 92% 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.

LABX in plain words

Three months to Sep 30, 2026: LABX returned −48.3% where its own daily promise gave −46.4%, 1.9 points short. Read the multiple against the whole window instead and 2 times ALAB's −17.4% implies −34.8%, which makes LABX look 13.5 points short. 11.6 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. LABX aims to return +2 times ALAB's move each day, then resets. ALAB moved at 98% annualized over that window.

Questions people ask

Which came closer to its stated multiple, ALA or LABX?: Over the window to Sep 30, 2026, ALA finished 6.6 points from what its multiple implies and LABX finished 13.5 points from its own, so ALA came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are ALA and LABX levered on the same thing?: Yes. Both are levered on Astera Labs, ALA at +2 times and LABX at +2 times the daily move.
Which one decays faster, ALA or LABX?: Decay follows how much the underlying moves about. Over this window ALA’s moved at 92% annualized and LABX’s at 98%, so LABX has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold ALA or LABX 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, ALA or LABX?: ALA charges 0.45% a year and LABX charges 1.30%, so ALA is cheaper. Fees come from each fund's prospectus.

Other comparisons

ALA on its own →LABX on its own →How every figure is computed →Standards and sources →

Where these figures came from

ALA filings on SEC EDGAR ↗ALA prospectus with the expense ratio (SEC) ↗Corgi website ↗LABX filings on SEC EDGAR ↗LABX prospectus with the expense ratio (SEC) ↗Tradr 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, ALA against LABX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/ala-vs-labx

Open data

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