{"url":"https://etfiq.com/compare/leverage/ama-vs-amau","section":"compare","title":"AMA vs AMAU: which held to its multiple? | ETFIQ","description":"AMA sets out to return +2 times AMAT each day and AMAU +2 times. Over the three months to Sep 30, 2026 they finished \u22123.9 pts and \u22123.8 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, AMA or AMAU?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, AMA finished 3.9 points from what its multiple implies and AMAU finished 3.8 points from its own, so AMAU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are AMA and AMAU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Applied Materials, AMA at +2 times and AMAU at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, AMA or AMAU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window AMA\u2019s moved at 65% annualized and AMAU\u2019s at 65%, so AMA has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold AMA or AMAU for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, AMA or AMAU?","acceptedAnswer":{"@type":"Answer","text":"AMA charges 1.31% a year and AMAU charges 0.75%, so AMAU is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"AMA vs AMAU","item":"https://etfiq.com/compare/leverage/ama-vs-amau"}]},{"@type":"WebPage","name":"AMA vs AMAU: which held to its multiple?","description":"AMA sets out to return +2 times AMAT each day and AMAU +2 times. Over the three months to Sep 30, 2026 they finished \u22123.9 pts and \u22123.8 pts away.","url":"https://etfiq.com/compare/leverage/ama-vs-amau","dateModified":"2026-09-30","abstract":"Over the days both have traded, AMA finished 3.1 points from its stated multiple and AMAU 3.0.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of AMA and AMAU","description":"AMA sets out to return +2 times AMAT each day and AMAU +2 times. Over the three months to Sep 30, 2026 they finished \u22123.9 pts and \u22123.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/ama-vs-amau","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6359,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / AMA vs AMAU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n AMA vs AMAU: which held to its multiple?\n\n Over the days both have traded, AMA finished 3.1 points from its stated multiple and AMAU 3.0.\n Copy this for sharing \n \n Defiance Daily Target 2X Long AMAT ETF and Leverage Shares 2X Long AMAT Daily ETF.\n\n Download as PDF \n\n \u221246.6% AMA returned, 3 months \n \u221246.5% AMAU returned, 3 months \n \u22123.9 pts AMA from its stated multiple \n \u22123.8 pts AMAU from its stated multiple \n\n ETFIQ Decay Resistance Score: AMAU scores higher\n Did it kee","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/ama-vs-amau","a":{"ticker":"AMA","name":"Defiance Daily Target 2X Long AMAT ETF","issuer":"Defiance","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: AMA returned \u221246.6% where its own daily promise gave \u221244.3%, 2.3 points short.","url":"https://etfiq.com/funds/ama","key_facts":[{"label":"What AMAT did","value":"\u221221.4%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221244.3%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221246.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$40m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.31%","as_of":"2026-09-30","source":"485BPOS XBRL, Aug 28, 2026"}]},"b":{"ticker":"AMAU","name":"Leverage Shares 2X Long AMAT Daily ETF","issuer":"Leverage Shares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: AMAU returned \u221246.5% where its own daily promise gave \u221244.3%, 2.3 points short.","url":"https://etfiq.com/funds/amau","key_facts":[{"label":"What AMAT did","value":"\u221221.4%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221244.3%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221246.5%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$25m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"0.75%","as_of":"2026-09-30","source":"485BPOS XBRL, May 6, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/ama-vs-amau"}