AXTC vs AXTQ: which held to its multiple?

Over a month against its own daily promise, AXTC finished 1.8 points short and AXTQ 0.1 points short. Corgi AXTI 2x Daily ETF and Tradr 2X Short AXTI Daily ETF.

−0.2%
AXTC returned, since launch
−26.0%
AXTQ returned, since launch
−66.5 pts
AXTC from its stated multiple
−37.9 pts
AXTQ from its stated multiple
AXTC · 1 month to Sep 30, 20269.2 pts short of its stated multiple
9.2 pts short of its stated multipleAXTC returned +46.2% while 2 times AXTI's move would have been +55.4%AXTI +27.7% ×2 implies+55.4%AXTC returned+46.2%9.2 pts short of its stated multipleAXTC returned +46.2% while 2 times AXTI's move would have been +55.4%AXTI +27.7% ×2 implies+55.4%AXTC returned+46.2%

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

AXTQ · 1 month to Sep 30, 2026On its stated multiple
On its stated multipleAXTQ returned −55.8% while −2 times AXTI's move would have been −55.4%AXTI +27.7% ×−2 implies−55.4%AXTQ returned−55.8%On its stated multipleAXTQ returned −55.8% while −2 times AXTI's move would have been −55.4%AXTI +27.7% ×−2 implies−55.4%AXTQ returned−55.8%

AXTQ returned −55.8% while −2 times AXTI's move would have been −55.4%

Performance, window by window

Total returnMultiple would giveDifference
WindowAXTCAXTQAXTCAXTQAXTCAXTQ
1 month+46.2%−55.8%+55.4%−55.4%−9.2 pts−0.3 pts
Since launch
AXTC Jul 2026 · AXTQ Aug 2026
−0.2%−26.0%+66.2%+11.9%−66.5 pts−37.9 pts

AXTC and AXTQ 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)
AXTQ
Tradr 2X Short AXTI Daily ETF · Aims to return twice the opposite of the daily move of AXT (AXTI)
Issuer Corgi Tradr
Sets out to return +2x -2x
Underlying asset AXTI AXTI
Segment company company
Fund returned, 3 months or since launch +46.2% −55.8%
Underlying returned, over that window +27.7% +27.7%
What the stated multiple implies, over that window +55.4% −55.4%
Difference from stated, over that window −9.2 pts −0.3 pts
Fund returned, 1 year or since launch −0.2% −26.0%
Difference from stated, over that window −66.5 pts −37.9 pts
Underlying volatility 109% 109%
Difference over the days both have traded −9.2 pts no shared window
Expense ratio 0.45% 1.49%
Launched Jul 7, 2026 Aug 18, 2026
Net assets $718,751 $10m

AXTC and AXTQ 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.

AXTQ in plain words

One month to Sep 30, 2026: AXTQ returned −55.8% where its own daily promise gave −55.7%, 0.1 points short. Read the multiple against the whole window instead and −2 times AXTI's 27.7% implies −55.4%, which makes AXTQ look 0.3 points short. 0.3 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. AXTQ aims to return -2 times AXTI'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, AXTC or AXTQ?
Over the window to Sep 30, 2026, AXTC finished 9.2 points from what its multiple implies and AXTQ finished 0.3 points from its own, so AXTQ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are AXTC and AXTQ levered on the same thing?
Yes. Both are levered on AXT, AXTC at +2 times and AXTQ at -2 times the daily move.
Which one decays faster, AXTC or AXTQ?
Decay follows how much the underlying moves about. Over this window AXTC’s moved at 109% annualized and AXTQ’s at 109%, so AXTC has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold AXTC or AXTQ 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 AXTQ?
AXTC charges 0.45% a year and AXTQ charges 1.49%, so AXTC is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, AXTC against AXTQ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/axtc-vs-axtq

Open data

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