Which came closer to its stated multiple, AMKL or AMKX?

Over the window to Sep 30, 2026, AMKL finished 0.6 points from what its multiple implies and AMKX finished 3.7 points from its own, so AMKL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are AMKL and AMKX levered on the same thing?

Yes. Both are levered on Amkor Technology, AMKL at +2 times and AMKX at +2 times the daily move.

Which one decays faster, AMKL or AMKX?

Decay follows how much the underlying moves about. Over this window AMKL’s moved at 91% annualized and AMKX’s at 57%, so AMKL has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold AMKL or AMKX 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, AMKL or AMKX?

AMKL charges 1.31% a year and AMKX charges 0.45%, so AMKX is cheaper. Fees come from each fund's prospectus.

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AMKL vs AMKX: which held to its multiple?

Over the days both have traded, AMKL finished 4.8 points from its stated multiple and AMKX 3.7. Defiance Daily Target 2X Long AMKR ETF and Corgi AMKR 2x Daily ETF.

−69.4%

AMKL returned, 3 months

−50.8%

AMKX returned, since launch

−0.6 pts

AMKL from its stated multiple

−11.4 pts

AMKX from its stated multiple

AMKL · 3 months to Sep 30, 20260.6 pts short of its stated multiple

AMKL returned −69.4% while 2 times AMKR's move would have been −68.8%

AMKX · 1 month to Sep 30, 20263.7 pts short of its stated multiple

AMKX returned +18.2% while 2 times AMKR's move would have been +21.9%

Performance, window by window

	Total return		Multiple would give		Difference
Window	AMKL	AMKX	AMKL	AMKX	AMKL	AMKX
1 month	+17.1%	+18.2%	+21.9%	+21.9%	−4.8 pts	−3.7 pts
3 months	−69.4%	not published	−68.8%	not published	−0.6 pts	not published
Since launch AMKL May 2026 · AMKX Jul 2026	−71.4%	−50.8%	−63.0%	−39.4%	−8.3 pts	−11.4 pts

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

On the same fields

AMKL

Defiance Daily Target 2X Long AMKR ETF · Aims to return twice the daily move of Amkor Technology (AMKR)

AMKX

Corgi AMKR 2x Daily ETF · Aims to return twice the daily move of Amkor Technology (AMKR)

Issuer Defiance Corgi

Sets out to return +2x +2x

Underlying asset AMKR AMKR

Segment company company

Fund returned, 3 months or since launch −69.4% +18.2%

Underlying returned, over that window −34.4% +10.9%

What the stated multiple implies, over that window −68.8% +21.9%

Difference from stated, over that window −0.6 pts −3.7 pts

Fund returned, 1 year or since launch −71.4% −50.8%

Difference from stated, over that window −8.3 pts −11.4 pts

Underlying volatility 91% 57%

Difference over the days both have traded −4.8 pts −3.7 pts

Expense ratio 1.31% 0.45%

Launched May 5, 2026 Jul 7, 2026

Net assets $7m $215,059

AMKL and AMKX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

AMKL in plain words

Three months to Sep 30, 2026: AMKL returned −69.4% where its own daily promise gave −67.2%, 2.2 points short. Read the multiple against the whole window instead and 2 times AMKR's −34.4% implies −68.8%, which makes AMKL look 0.6 points short. 1.6 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. AMKL aims to return +2 times AMKR'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. AMKR moved at 91% 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.

AMKX in plain words

One month to Sep 30, 2026: AMKX returned +18.2% where its own daily promise gave +19.6%, 1.5 points short. Read the multiple against the whole window instead and 2 times AMKR's 10.9% implies +21.9%, which makes AMKX look 3.7 points short. 2.2 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. AMKX aims to return +2 times AMKR's move each day, then resets. AMKR moved at 57% annualized over that window.

Questions people ask

Which came closer to its stated multiple, AMKL or AMKX?: Over the window to Sep 30, 2026, AMKL finished 0.6 points from what its multiple implies and AMKX finished 3.7 points from its own, so AMKL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are AMKL and AMKX levered on the same thing?: Yes. Both are levered on Amkor Technology, AMKL at +2 times and AMKX at +2 times the daily move.
Which one decays faster, AMKL or AMKX?: Decay follows how much the underlying moves about. Over this window AMKL’s moved at 91% annualized and AMKX’s at 57%, so AMKL has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold AMKL or AMKX 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, AMKL or AMKX?: AMKL charges 1.31% a year and AMKX charges 0.45%, so AMKX is cheaper. Fees come from each fund's prospectus.

Other comparisons

AMKL on its own →AMKX on its own →How every figure is computed →Standards and sources →

Where these figures came from

AMKL filings on SEC EDGAR ↗AMKL prospectus with the expense ratio (SEC) ↗Defiance page for AMKL ↗AMKX filings on SEC EDGAR ↗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, AMKL against AMKX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/amkl-vs-amkx

Open data

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