Which came closer to its stated multiple, AXTQ or AXTU?

Over the window to Sep 30, 2026, AXTQ finished 0.3 points from what its multiple implies and AXTU finished 65.0 points from its own, so AXTQ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are AXTQ and AXTU levered on the same thing?

Yes. Both are levered on AXT, AXTQ at -2 times and AXTU at +2 times the daily move.

Which one decays faster, AXTQ or AXTU?

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

Can I hold AXTQ or AXTU 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, AXTQ or AXTU?

AXTQ charges 1.49% a year and AXTU charges 1.50%, so AXTQ is cheaper. Fees come from each fund's prospectus.

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AXTQ vs AXTU: which held to its multiple?

Over a month against its own daily promise, AXTQ finished 0.1 points short and AXTU 3.1 points short. Tradr 2X Short AXTI Daily ETF and T-REX 2X LONG AXTI DAILY TARGET ETF.

−26.0%

AXTQ returned, since launch

−27.0%

AXTU returned, 3 months

−37.9 pts

AXTQ from its stated multiple

−65.0 pts

AXTU from its stated multiple

AXTQ · 1 month to Sep 30, 2026On its stated multiple

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

AXTU · 3 months to Sep 30, 202665 pts short of its stated multiple

AXTU returned −27.0% while 2 times AXTI's move would have been +38.1%

Performance, window by window

	Total return		Multiple would give		Difference
Window	AXTQ	AXTU	AXTQ	AXTU	AXTQ	AXTU
1 month	−55.8%	+45.0%	−55.4%	+55.4%	−0.3 pts	−10.5 pts
3 months	not published	−27.0%	not published	+38.1%	not published	−65.0 pts
Since launch AXTQ Aug 2026 · AXTU May 2026	−26.0%	−82.0%	+11.9%	−56.0%	−37.9 pts	−25.9 pts

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

On the same fields

AXTQ

Tradr 2X Short AXTI Daily ETF · Aims to return twice the opposite of the daily move of AXT (AXTI)

AXTU

T-REX 2X LONG AXTI DAILY TARGET ETF · Aims to return twice the daily move of AXT (AXTI)

Issuer Tradr T-REX

Sets out to return -2x +2x

Underlying asset AXTI AXTI

Segment company company

Fund returned, 3 months or since launch −55.8% −27.0%

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 −0.3 pts −65.0 pts

Fund returned, 1 year or since launch −26.0% −82.0%

Difference from stated, over that window −37.9 pts −25.9 pts

Underlying volatility 109% 158%

Difference over the days both have traded no shared window −10.5 pts

Expense ratio 1.49% 1.50%

Launched Aug 18, 2026 May 5, 2026

Net assets $10m $20m

AXTQ and AXTU on the same fields, as of Sep 30, 2026. Source: ETFIQ.

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 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.

AXTU in plain words

Three months to Sep 30, 2026: AXTU returned −27.0% where its own daily promise gave −21.7%, 5.2 points short. Read the multiple against the whole window instead and 2 times AXTI's 19.0% implies +38.1%, which makes AXTU look 65.0 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. AXTU 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. AXTI moved at 158% annualized over that window.

Questions people ask

Which came closer to its stated multiple, AXTQ or AXTU?: Over the window to Sep 30, 2026, AXTQ finished 0.3 points from what its multiple implies and AXTU finished 65.0 points from its own, so AXTQ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are AXTQ and AXTU levered on the same thing?: Yes. Both are levered on AXT, AXTQ at -2 times and AXTU at +2 times the daily move.
Which one decays faster, AXTQ or AXTU?: Decay follows how much the underlying moves about. Over this window AXTQ’s moved at 109% annualized and AXTU’s at 158%, so AXTU has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold AXTQ or AXTU 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, AXTQ or AXTU?: AXTQ charges 1.49% a year and AXTU charges 1.50%, so AXTQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

AXTQ on its own →AXTU on its own →How every figure is computed →Standards and sources →

Where these figures came from

AXTQ filings on SEC EDGAR ↗AXTQ prospectus with the expense ratio (SEC) ↗Tradr website ↗AXTU filings on SEC EDGAR ↗AXTU prospectus with the expense ratio (SEC) ↗T-REX page for AXTU ↗

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

Open data

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