Which came closer to its stated multiple, ASTG or ASTN?

Over the window to Sep 30, 2026, ASTG finished 1.4 points from what its multiple implies and ASTN finished 46.3 points from its own, so ASTG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are ASTG and ASTN levered on the same thing?

Yes. Both are levered on AST SpaceMobile, ASTG at +2 times and ASTN at -2 times the daily move.

Which one decays faster, ASTG or ASTN?

Decay follows how much the underlying moves about. Over this window ASTG’s moved at 83% annualized and ASTN’s at 83%, so ASTG has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold ASTG or ASTN 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, ASTG or ASTN?

ASTG charges 0.99% a year and ASTN charges 1.31%, so ASTG is cheaper. Fees come from each fund's prospectus.

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ASTG vs ASTN: which held to its multiple?

Over three months against its own daily promise, ASTG finished 3.5 points short and ASTN 9.3 points short. Leverage Shares 2X Long ASTS Daily ETF and Defiance Daily Target 2X Short ASTS ETF.

−64.7%

ASTG returned, 3 months

+17.0%

ASTN returned, 3 months

−1.4 pts

ASTG from its stated multiple

−46.3 pts

ASTN from its stated multiple

ASTG · 3 months to Sep 30, 20261.4 pts short of its stated multiple

ASTG returned −64.7% while 2 times ASTS's move would have been −63.3%

ASTN · 3 months to Sep 30, 202646.3 pts short of its stated multiple

ASTN returned +17.0% while −2 times ASTS's move would have been +63.3%

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

ASTG among the 470 leveraged ETFs, long, over three months

ASTG 29.3

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

ASTN among the 125 inverse ETFs over three months

ASTN 3.6

0.4, the lowest in this set99.6, the highest

A percentile among the 470 leveraged ETFs, long, over three months. ASTN is a percentile among the 125 inverse ETFs over three months, a different set, so the two marks are not on one scale. 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	ASTG	ASTN	ASTG	ASTN	ASTG	ASTN
1 month	−7.5%	−12.6%	−0.8%	+0.8%	−6.7 pts	−13.4 pts
3 months	−64.7%	+17.0%	−63.3%	+63.3%	−1.4 pts	−46.3 pts
6 months	not published	−68.1%	not published	+59.8%	not published	−128.0 pts
Since launch ASTG Jun 2026 · ASTN Feb 2026	−52.8%	−71.3%	−38.5%	+84.4%	−14.3 pts	−155.7 pts

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

On the same fields

ASTG

Leverage Shares 2X Long ASTS Daily ETF · Aims to return twice the daily move of AST SpaceMobile (ASTS)

ASTN

Defiance Daily Target 2X Short ASTS ETF · Aims to return twice the opposite of the daily move of AST SpaceMobile (ASTS)

Issuer Leverage Shares Defiance

Sets out to return +2x -2x

Underlying asset ASTS ASTS

Segment company company

Fund returned, 3 months or since launch −64.7% +17.0%

Underlying returned, over that window −31.6% −31.6%

What the stated multiple implies, over that window −63.3% +63.3%

Difference from stated, over that window −1.4 pts −46.3 pts

Fund returned, 1 year or since launch −52.8% −71.3%

Difference from stated, over that window −14.3 pts −155.7 pts

Underlying volatility 83% 83%

Difference over the days both have traded −1.4 pts no shared window

Expense ratio 0.99% 1.31%

Launched Jun 23, 2026 Feb 6, 2026

Net assets $143,400 $4m

ASTG and ASTN on the same fields, as of Sep 30, 2026. Source: ETFIQ.

ASTG in plain words

Three months to Sep 30, 2026: ASTG returned −64.7% where its own daily promise gave −61.2%, 3.5 points short. Read the multiple against the whole window instead and 2 times ASTS's −31.6% implies −63.3%, which makes ASTG look 1.4 points short. 2.1 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. ASTG aims to return +2 times ASTS'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. ASTS moved at 83% 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.

ASTN in plain words

Three months to Sep 30, 2026: ASTN returned +17.0% where its own daily promise gave +26.4%, 9.3 points short. Read the multiple against the whole window instead and −2 times ASTS's −31.6% implies +63.3%, which makes ASTN look 46.3 points short. 36.9 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. ASTN aims to return -2 times ASTS's move each day, then resets. 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.

Questions people ask

Which came closer to its stated multiple, ASTG or ASTN?: Over the window to Sep 30, 2026, ASTG finished 1.4 points from what its multiple implies and ASTN finished 46.3 points from its own, so ASTG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are ASTG and ASTN levered on the same thing?: Yes. Both are levered on AST SpaceMobile, ASTG at +2 times and ASTN at -2 times the daily move.
Which one decays faster, ASTG or ASTN?: Decay follows how much the underlying moves about. Over this window ASTG’s moved at 83% annualized and ASTN’s at 83%, so ASTG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold ASTG or ASTN 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, ASTG or ASTN?: ASTG charges 0.99% a year and ASTN charges 1.31%, so ASTG is cheaper. Fees come from each fund's prospectus.

Other comparisons

ASTG vs ASTT ASTG vs ASTX ASTG vs ASTY ASTG vs ASUP ASTN vs ASTT ASTN vs ASTX ASTN vs ASTY ASTN vs ASUP

ASTG on its own →ASTN on its own →How every figure is computed →Standards and sources →

Where these figures came from

ASTG filings on SEC EDGAR ↗ASTG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗ASTN filings on SEC EDGAR ↗ASTN prospectus with the expense ratio (SEC) ↗Defiance page for ASTN ↗

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, ASTG against ASTN, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/astg-vs-astn

Open data

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