BEC vs BEG: which held to its multiple?

Over the days both have traded, BEC finished 25.3 points from its stated multiple and BEG 25.4. Corgi BE 2x Daily ETF and Leverage Shares 2X Long BE Daily ETF.

−33.9%
BEC returned, 3 months
−34.0%
BEG returned, 3 months
−25.3 pts
BEC from its stated multiple
−25.4 pts
BEG from its stated multiple
BEC · 3 months to Sep 30, 202625.3 pts short of its stated multiple
25.3 pts short of its stated multipleBEC returned −33.9% while 2 times BE's move would have been −8.6%BE −4.3% ×2 implies−8.6%BEC returned−33.9%25.3 pts short of its stated multipleBEC returned −33.9% while 2 times BE's move would have been −8.6%BE −4.3% ×2 implies−8.6%BEC returned−33.9%

BEC returned −33.9% while 2 times BE's move would have been −8.6%

BEG · 3 months to Sep 30, 202625.4 pts short of its stated multiple
25.4 pts short of its stated multipleBEG returned −34.0% while 2 times BE's move would have been −8.6%BE −4.3% ×2 implies−8.6%BEG returned−34.0%25.4 pts short of its stated multipleBEG returned −34.0% while 2 times BE's move would have been −8.6%BE −4.3% ×2 implies−8.6%BEG returned−34.0%

BEG returned −34.0% while 2 times BE's move would have been −8.6%

ETFIQ Decay Resistance Score · BEC 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
WindowBECBEGBECBEGBECBEG
1 month+65.7%+67.2%+68.5%+68.5%−2.8 pts−1.3 pts
3 months−33.9%−34.0%−8.6%−8.6%−25.3 pts−25.4 pts
6 monthsnot published+121.3%not publishednot meaningfulnot publishednot meaningful
Since launch
BEC Jun 2026 · BEG Dec 2025
−40.1%+252.2%−17.0%not meaningful−23.1 ptsnot meaningful

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

On the same fields

BEC
Corgi BE 2x Daily ETF · Aims to return twice the daily move of Bloom Energy (BE)
BEG
Leverage Shares 2X Long BE Daily ETF · Aims to return twice the daily move of Bloom Energy (BE)
Issuer Corgi Leverage Shares
Sets out to return +2x +2x
Underlying asset BE BE
Segment company company
Fund returned, 3 months or since launch −33.9% −34.0%
Underlying returned, over that window −4.3% −4.3%
What the stated multiple implies, over that window −8.6% −8.6%
Difference from stated, over that window −25.3 pts −25.4 pts
Fund returned, 1 year or since launch −40.1% +252.2%
Difference from stated, over that window −23.1 pts not available
Underlying volatility 110% 110%
Difference over the days both have traded −25.3 pts −25.4 pts
Expense ratio 0.45% 0.75%
Launched Jun 30, 2026 Dec 16, 2025
Net assets $1m $59m

BEC and BEG on the same fields, as of Sep 30, 2026. Source: ETFIQ.

BEC in plain words

Three months to Sep 30, 2026: BEC returned −33.9% where its own daily promise gave −31.3%, 2.7 points short. Read the multiple against the whole window instead and 2 times BE's −4.3% implies −8.6%, which makes BEC look 25.3 points short. 22.6 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. BEC aims to return +2 times BE'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. BE moved at 110% 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.

BEG in plain words

Three months to Sep 30, 2026: BEG returned −34.0% where its own daily promise gave −31.3%, 2.7 points short. Read the multiple against the whole window instead and 2 times BE's −4.3% implies −8.6%, which makes BEG look 25.4 points short. BEG aims to return +2 times BE's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, BEC or BEG?
Over the window to Sep 30, 2026, BEC finished 25.3 points from what its multiple implies and BEG finished 25.4 points from its own, so BEC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are BEC and BEG levered on the same thing?
Yes. Both are levered on Bloom Energy, BEC at +2 times and BEG at +2 times the daily move.
Which one decays faster, BEC or BEG?
Decay follows how much the underlying moves about. Over this window BEC’s moved at 110% annualized and BEG’s at 110%, so BEC has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold BEC or BEG 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, BEC or BEG?
BEC charges 0.45% a year and BEG charges 0.75%, so BEC is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, BEC against BEG, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/bec-vs-beg

Open data

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