Which came closer to its stated multiple, APHG or APHU?

Over the window to Sep 30, 2026, APHG finished 7.7 points from what its multiple implies and APHU finished 7.4 points from its own, so APHU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are APHG and APHU levered on the same thing?

Yes. Both are levered on Amphenol, APHG at +2 times and APHU at +2 times the daily move.

Which one decays faster, APHG or APHU?

Decay follows how much the underlying moves about. Over this window APHG’s moved at 41% annualized and APHU’s at 41%, so APHG has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold APHG or APHU 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, APHG or APHU?

APHG charges 0.99% a year and APHU charges 1.50%, so APHG is cheaper. Fees come from each fund's prospectus.

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APHG vs APHU: which held to its multiple?

Over the days both have traded, APHG finished 7.7 points from its stated multiple and APHU 7.4. Leverage Shares 2X Long APH Daily ETF and T-REX 2X LONG APH DAILY TARGET ETF.

−11.6%

APHG returned, 3 months

−11.3%

APHU returned, 3 months

−7.7 pts

APHG from its stated multiple

−7.4 pts

APHU from its stated multiple

APHG · 3 months to Sep 30, 20267.7 pts short of its stated multiple

APHG returned −11.6% while 2 times APH's move would have been −3.9%

APHU · 3 months to Sep 30, 20267.4 pts short of its stated multiple

APHU returned −11.3% while 2 times APH's move would have been −3.9%

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

APHG 26.8

APHU 30.4

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	APHG	APHU	APHG	APHU	APHG	APHU
1 month	+10.4%	+10.3%	+13.0%	+13.0%	−2.6 pts	−2.7 pts
3 months	−11.6%	−11.3%	−3.9%	−3.9%	−7.7 pts	−7.4 pts
6 months	not published	+48.2%	not published	+64.9%	not published	−16.7 pts
Since launch APHG Jun 2026 · APHU Feb 2026	+3.0%	+6.6%	+13.0%	+29.4%	−10.0 pts	−22.8 pts

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

On the same fields

APHG

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

APHU

T-REX 2X LONG APH DAILY TARGET ETF · Aims to return twice the daily move of Amphenol (APH)

Issuer Leverage Shares T-REX

Sets out to return +2x +2x

Underlying asset APH APH

Segment company company

Fund returned, 3 months or since launch −11.6% −11.3%

Underlying returned, over that window −1.9% −1.9%

What the stated multiple implies, over that window −3.9% −3.9%

Difference from stated, over that window −7.7 pts −7.4 pts

Fund returned, 1 year or since launch +3.0% +6.6%

Difference from stated, over that window −10.0 pts −22.8 pts

Underlying volatility 41% 41%

Difference over the days both have traded −7.7 pts −7.4 pts

Expense ratio 0.99% 1.50%

Launched Jun 16, 2026 Feb 18, 2026

Net assets $310,600 $2m

APHG and APHU on the same fields, as of Sep 30, 2026. Source: ETFIQ.

APHG in plain words

Three months to Sep 30, 2026: APHG returned −11.6% where its own daily promise gave −7.8%, 3.8 points short. Read the multiple against the whole window instead and 2 times APH's −1.9% implies −3.9%, which makes APHG look 7.7 points short. 3.9 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. APHG aims to return +2 times APH'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. APH moved at 41% 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.

APHU in plain words

Three months to Sep 30, 2026: APHU returned −11.3% where its own daily promise gave −7.8%, 3.5 points short. Read the multiple against the whole window instead and 2 times APH's −1.9% implies −3.9%, which makes APHU look 7.4 points short. APHU aims to return +2 times APH's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, APHG or APHU?: Over the window to Sep 30, 2026, APHG finished 7.7 points from what its multiple implies and APHU finished 7.4 points from its own, so APHU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are APHG and APHU levered on the same thing?: Yes. Both are levered on Amphenol, APHG at +2 times and APHU at +2 times the daily move.
Which one decays faster, APHG or APHU?: Decay follows how much the underlying moves about. Over this window APHG’s moved at 41% annualized and APHU’s at 41%, so APHG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold APHG or APHU 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, APHG or APHU?: APHG charges 0.99% a year and APHU charges 1.50%, so APHG is cheaper. Fees come from each fund's prospectus.

Other comparisons

APHG on its own →APHU on its own →How every figure is computed →Standards and sources →

Where these figures came from

APHG filings on SEC EDGAR ↗APHG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗APHU filings on SEC EDGAR ↗APHU prospectus with the expense ratio (SEC) ↗T-REX page for APHU ↗

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, APHG against APHU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/aphg-vs-aphu

Open data

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