ASTT vs ASUP: which held to its multiple?

Over the days both have traded, ASTT finished 0.9 points from its stated multiple and ASUP 0.4. Corgi ASTS 2x Daily ETF and T-REX 2X Long ASTS Daily Target ETF.

−62.4%
ASTT returned, 3 months
−63.7%
ASUP returned, 3 months
+0.9 pts
ASTT from its stated multiple
−0.4 pts
ASUP from its stated multiple
ASTT · 3 months to Sep 30, 20260.9 pts ahead of its stated multiple
0.9 pts ahead of its stated multipleASTT returned −62.4% while 2 times ASTS's move would have been −63.3%ASTS −31.6% ×2 implies−63.3%ASTT returned−62.4%0.9 pts ahead of its stated multipleASTT returned −62.4% while 2 times ASTS's move would have been −63.3%ASTS −31.6% ×2 implies−63.3%ASTT returned−62.4%

ASTT returned −62.4% while 2 times ASTS's move would have been −63.3%

ASUP · 3 months to Sep 30, 2026On its stated multiple
On its stated multipleASUP returned −63.7% while 2 times ASTS's move would have been −63.3%ASTS −31.6% ×2 implies−63.3%ASUP returned−63.7%On its stated multipleASUP returned −63.7% while 2 times ASTS's move would have been −63.3%ASTS −31.6% ×2 implies−63.3%ASUP returned−63.7%

ASUP returned −63.7% while 2 times ASTS's move would have been −63.3%

ETFIQ Decay Resistance Score · ASTT scores higherDid it keep up with its own daily multiple, compounded day by day?
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 returnMultiple would giveDifference
WindowASTTASUPASTTASUPASTTASUP
1 month−5.9%−6.4%−0.8%−0.8%−5.1 pts−5.6 pts
3 months−62.4%−63.7%−63.3%−63.3%+0.9 pts−0.4 pts
Since launch
ASTT Jun 2026 · ASUP May 2026
−64.7%−77.1%−67.5%−77.7%+2.8 pts+0.6 pts

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

On the same fields

ASTT
Corgi ASTS 2x Daily ETF · Aims to return twice the daily move of AST SpaceMobile (ASTS)
ASUP
T-REX 2X Long ASTS Daily Target ETF · Aims to return twice the daily move of AST SpaceMobile (ASTS)
Issuer Corgi T-REX
Sets out to return +2x +2x
Underlying asset ASTS ASTS
Segment company company
Fund returned, 3 months or since launch −62.4% −63.7%
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 +0.9 pts −0.4 pts
Fund returned, 1 year or since launch −64.7% −77.1%
Difference from stated, over that window +2.8 pts +0.6 pts
Underlying volatility 83% 83%
Difference over the days both have traded +0.9 pts −0.4 pts
Expense ratio 0.45% 0.65%
Launched Jun 30, 2026 May 21, 2026
Net assets $233,340 $667,000

ASTT and ASUP on the same fields, as of Sep 30, 2026. Source: ETFIQ.

ASTT in plain words

Three months to Sep 30, 2026: ASTT returned −62.4% where its own daily promise gave −61.2%, 1.2 points short. Read the multiple against the whole window instead and 2 times ASTS's −31.6% implies −63.3%, which makes ASTT look 0.9 points over. 2.1 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. ASTT 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.

ASUP in plain words

Three months to Sep 30, 2026: ASUP returned −63.7% where its own daily promise gave −61.2%, 2.5 points short. Read the multiple against the whole window instead and 2 times ASTS's −31.6% implies −63.3%, which makes ASUP look 0.4 points short. ASUP aims to return +2 times ASTS's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, ASTT or ASUP?
Over the window to Sep 30, 2026, ASTT finished 0.9 points from what its multiple implies and ASUP finished 0.4 points from its own, so ASUP came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are ASTT and ASUP levered on the same thing?
Yes. Both are levered on AST SpaceMobile, ASTT at +2 times and ASUP at +2 times the daily move.
Which one decays faster, ASTT or ASUP?
Decay follows how much the underlying moves about. Over this window ASTT’s moved at 83% annualized and ASUP’s at 83%, so ASTT has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold ASTT or ASUP 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, ASTT or ASUP?
ASTT charges 0.45% a year and ASUP charges 0.65%, so ASTT is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, ASTT against ASUP, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/astt-vs-asup

Open data

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