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

Over the window to Sep 30, 2026, ASTN finished 46.3 points from what its multiple implies and ASTY finished 0.7 points from its own, so ASTY came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are ASTN and ASTY levered on the same thing?

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

Which one decays faster, ASTN or ASTY?

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

Can I hold ASTN or ASTY 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, ASTN or ASTY?

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

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ASTN vs ASTY: which held to its multiple?

Over three months against its own daily promise, ASTN finished 9.3 points short and ASTY 2.8 points short. Defiance Daily Target 2X Short ASTS ETF and Defiance Daily Target 2X Long ASTS ETF.

+17.0%

ASTN returned, 3 months

−64.0%

ASTY returned, 3 months

−46.3 pts

ASTN from its stated multiple

−0.7 pts

ASTY from its stated multiple

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%

ASTY · 3 months to Sep 30, 20260.7 pts short of its stated multiple

ASTY returned −64.0% while 2 times ASTS's move would have been −63.3%

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

ASTN among the 125 inverse ETFs over three months

ASTN 3.6

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

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

ASTY 46.2

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

A percentile among the 125 inverse ETFs over three months. ASTY is a percentile among the 470 leveraged ETFs, long, 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	ASTN	ASTY	ASTN	ASTY	ASTN	ASTY
1 month	−12.6%	−7.1%	+0.8%	−0.8%	−13.4 pts	−6.3 pts
3 months	+17.0%	−64.0%	+63.3%	−63.3%	−46.3 pts	−0.7 pts
6 months	−68.1%	not published	+59.8%	not published	−128.0 pts	not published
Since launch ASTN Feb 2026 · ASTY May 2026	−71.3%	−77.4%	+84.4%	−77.7%	−155.7 pts	+0.2 pts

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

On the same fields

ASTN

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

ASTY

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

Issuer Defiance Defiance

Sets out to return -2x +2x

Underlying asset ASTS ASTS

Segment company company

Fund returned, 3 months or since launch +17.0% −64.0%

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 −46.3 pts −0.7 pts

Fund returned, 1 year or since launch −71.3% −77.4%

Difference from stated, over that window −155.7 pts +0.2 pts

Underlying volatility 83% 83%

Difference over the days both have traded no shared window −0.7 pts

Expense ratio 1.31% 1.31%

Launched Feb 6, 2026 May 21, 2026

Net assets $4m $9m

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

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 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.

ASTY in plain words

Three months to Sep 30, 2026: ASTY returned −64.0% where its own daily promise gave −61.2%, 2.8 points short. Read the multiple against the whole window instead and 2 times ASTS's −31.6% implies −63.3%, which makes ASTY look 0.7 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. ASTY 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, ASTN or ASTY?: Over the window to Sep 30, 2026, ASTN finished 46.3 points from what its multiple implies and ASTY finished 0.7 points from its own, so ASTY came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are ASTN and ASTY levered on the same thing?: Yes. Both are levered on AST SpaceMobile, ASTN at -2 times and ASTY at +2 times the daily move.
Which one decays faster, ASTN or ASTY?: Decay follows how much the underlying moves about. Over this window ASTN’s moved at 83% annualized and ASTY’s at 83%, so ASTN has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold ASTN or ASTY 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, ASTN or ASTY?: ASTN charges 1.31% a year and ASTY charges 1.31%, so ASTN is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

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

Where these figures came from

ASTN and ASTY filings on SEC EDGAR ↗ASTN prospectus with the expense ratio (SEC) ↗Defiance page for ASTN ↗ASTY prospectus with the expense ratio (SEC) ↗Defiance page for ASTY ↗

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

Open data

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