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.
AXTC returned +46.2% while 2 times AXTI's move would have been +55.4%
AXTQ returned −55.8% while −2 times AXTI's move would have been −55.4%
Performance, window by window
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | AXTC | AXTQ | AXTC | AXTQ | AXTC | AXTQ |
| 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 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.
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.
ETFIQ, AXTC against AXTQ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/axtc-vs-axtq
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, AXTC against AXTQ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/axtc-vs-axtq Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, AXTC against AXTQ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/axtc-vs-axtq
- APA
- ETFIQ. (Sep 30, 2026). AXTC against AXTQ. Retrieved from https://etfiq.com/compare/leverage/axtc-vs-axtq
- Markdown
- [AXTC against AXTQ (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/axtc-vs-axtq)