Which came closer to its stated multiple, AXTC or AXTL?

Over the window to Sep 30, 2026, AXTC finished 9.2 points from what its multiple implies and AXTL finished 64.2 points from its own, so AXTC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are AXTC and AXTL levered on the same thing?

Yes. Both are levered on AXT, AXTC at +2 times and AXTL at +2 times the daily move.

Which one decays faster, AXTC or AXTL?

Decay follows how much the underlying moves about. Over this window AXTC’s moved at 109% annualized and AXTL’s at 158%, so AXTL has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold AXTC or AXTL 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, AXTC or AXTL?

AXTC charges 0.45% a year and AXTL charges 0.99%, so AXTC is cheaper. Fees come from each fund's prospectus.

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AXTC vs AXTL: which held to its multiple?

Over the days both have traded, AXTC finished 9.2 points from its stated multiple and AXTL 5.9. Corgi AXTI 2x Daily ETF and Leverage Shares 2X Long AXTI Daily ETF.

−0.2%

AXTC returned, since launch

−26.1%

AXTL returned, 3 months

−66.5 pts

AXTC from its stated multiple

−64.2 pts

AXTL from its stated multiple

AXTC · 1 month to Sep 30, 20269.2 pts short of its stated multiple

AXTC returned +46.2% while 2 times AXTI's move would have been +55.4%

AXTL · 3 months to Sep 30, 202664.2 pts short of its stated multiple

AXTL returned −26.1% while 2 times AXTI's move would have been +38.1%

Performance, window by window

	Total return		Multiple would give		Difference
Window	AXTC	AXTL	AXTC	AXTL	AXTC	AXTL
1 month	+46.2%	+49.5%	+55.4%	+55.4%	−9.2 pts	−5.9 pts
3 months	not published	−26.1%	not published	+38.1%	not published	−64.2 pts
Since launch AXTC Jul 2026 · AXTL Jun 2026	−0.2%	−66.9%	+66.2%	−33.6%	−66.5 pts	−33.3 pts

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

On the same fields

AXTC

Corgi AXTI 2x Daily ETF · Aims to return twice the daily move of AXT (AXTI)

AXTL

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

Issuer Corgi Leverage Shares

Sets out to return +2x +2x

Underlying asset AXTI AXTI

Segment company company

Fund returned, 3 months or since launch +46.2% −26.1%

Underlying returned, over that window +27.7% +19.0%

What the stated multiple implies, over that window +55.4% +38.1%

Difference from stated, over that window −9.2 pts −64.2 pts

Fund returned, 1 year or since launch −0.2% −66.9%

Difference from stated, over that window −66.5 pts −33.3 pts

Underlying volatility 109% 158%

Difference over the days both have traded −9.2 pts −5.9 pts

Expense ratio 0.45% 0.99%

Launched Jul 7, 2026 Jun 16, 2026

Net assets $718,751 $8m

AXTC and AXTL on the same fields, as of Sep 30, 2026. Source: ETFIQ.

AXTC in plain words

One month to Sep 30, 2026: AXTC returned +46.2% where its own daily promise gave +48.0%, 1.8 points short. Read the multiple against the whole window instead and 2 times AXTI's 27.7% implies +55.4%, which makes AXTC look 9.2 points short. 7.4 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. AXTC aims to return +2 times AXTI'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. AXTI moved at 109% 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.

AXTL in plain words

Three months to Sep 30, 2026: AXTL returned −26.1% where its own daily promise gave −21.7%, 4.4 points short. Read the multiple against the whole window instead and 2 times AXTI's 19.0% implies +38.1%, which makes AXTL look 64.2 points short. 59.8 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. AXTL aims to return +2 times AXTI's move each day, then resets. AXTI moved at 158% annualized over that window.

Questions people ask

Which came closer to its stated multiple, AXTC or AXTL?: Over the window to Sep 30, 2026, AXTC finished 9.2 points from what its multiple implies and AXTL finished 64.2 points from its own, so AXTC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are AXTC and AXTL levered on the same thing?: Yes. Both are levered on AXT, AXTC at +2 times and AXTL at +2 times the daily move.
Which one decays faster, AXTC or AXTL?: Decay follows how much the underlying moves about. Over this window AXTC’s moved at 109% annualized and AXTL’s at 158%, so AXTL has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold AXTC or AXTL 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, AXTC or AXTL?: AXTC charges 0.45% a year and AXTL charges 0.99%, so AXTC is cheaper. Fees come from each fund's prospectus.

Other comparisons

AXTC vs AXTQ AXTC vs AXTU AXTC vs AXTX AXTL vs AXTQ AXTL vs AXTU AXTL vs AXTX

AXTC on its own →AXTL on its own →How every figure is computed →Standards and sources →

Where these figures came from

AXTC filings on SEC EDGAR ↗AXTC prospectus with the expense ratio (SEC) ↗Corgi website ↗AXTL filings on SEC EDGAR ↗AXTL prospectus with the expense ratio (SEC) ↗Leverage Shares 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, AXTC against AXTL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/axtc-vs-axtl

Open data

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