Which came closer to its stated multiple, BEG or BEX?

Over the window to Sep 30, 2026, BEG finished 25.4 points from what its multiple implies and BEX finished 24.7 points from its own, so BEX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are BEG and BEX levered on the same thing?

Yes. Both are levered on Bloom Energy, BEG at +2 times and BEX at +2 times the daily move.

Which one decays faster, BEG or BEX?

Decay follows how much the underlying moves about. Over this window BEG’s moved at 110% annualized and BEX’s at 110%, so BEG has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold BEG or BEX 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, BEG or BEX?

BEG charges 0.75% a year and BEX charges 1.30%, so BEG is cheaper. Fees come from each fund's prospectus.

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BEG vs BEX: which held to its multiple?

Over the days both have traded, BEG finished 25.4 points from its stated multiple and BEX 24.7. Leverage Shares 2X Long BE Daily ETF and Tradr 2X Long BE Daily ETF.

−34.0%

BEG returned, 3 months

−33.4%

BEX returned, 3 months

−25.4 pts

BEG from its stated multiple

−24.7 pts

BEX from its stated multiple

BEG · 3 months to Sep 30, 202625.4 pts short of its stated multiple

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

BEX · 3 months to Sep 30, 202624.7 pts short of its stated multiple

BEX returned −33.4% while 2 times BE's move would have been −8.6%

ETFIQ Decay Resistance Score · BEX scores higherDid it keep up with its own daily multiple, compounded day by day?

BEG 47.9

BEX 66.5

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 return		Multiple would give		Difference
Window	BEG	BEX	BEG	BEX	BEG	BEX
1 month	+67.2%	+67.8%	+68.5%	+68.5%	−1.3 pts	−0.7 pts
3 months	−34.0%	−33.4%	−8.6%	−8.6%	−25.4 pts	−24.7 pts
6 months	+121.3%	not published	not meaningful	not published	not meaningful	not published
Since launch BEG Dec 2025 · BEX May 2026	+252.2%	−48.0%	not meaningful	−16.8%	not meaningful	−31.2 pts

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

On the same fields

BEG

Leverage Shares 2X Long BE Daily ETF · Aims to return twice the daily move of Bloom Energy (BE)

BEX

Tradr 2X Long BE Daily ETF · Aims to return twice the daily move of Bloom Energy (BE)

Issuer Leverage Shares Tradr

Sets out to return +2x +2x

Underlying asset BE BE

Segment company company

Fund returned, 3 months or since launch −34.0% −33.4%

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 −25.4 pts −24.7 pts

Fund returned, 1 year or since launch +252.2% −48.0%

Difference from stated, over that window not available −31.2 pts

Underlying volatility 110% 110%

Difference over the days both have traded −25.4 pts −24.7 pts

Expense ratio 0.75% 1.30%

Launched Dec 16, 2025 May 26, 2026

Net assets $59m $208m

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

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. 22.6 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. BEG 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.

BEX in plain words

Three months to Sep 30, 2026: BEX returned −33.4% where its own daily promise gave −31.3%, 2.1 points short. Read the multiple against the whole window instead and 2 times BE's −4.3% implies −8.6%, which makes BEX look 24.7 points short. BEX aims to return +2 times BE's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, BEG or BEX?: Over the window to Sep 30, 2026, BEG finished 25.4 points from what its multiple implies and BEX finished 24.7 points from its own, so BEX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are BEG and BEX levered on the same thing?: Yes. Both are levered on Bloom Energy, BEG at +2 times and BEX at +2 times the daily move.
Which one decays faster, BEG or BEX?: Decay follows how much the underlying moves about. Over this window BEG’s moved at 110% annualized and BEX’s at 110%, so BEG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold BEG or BEX 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, BEG or BEX?: BEG charges 0.75% a year and BEX charges 1.30%, so BEG is cheaper. Fees come from each fund's prospectus.

Other comparisons

BEG vs BEC BEG vs BEZ BEX vs BEC BEX vs BEZ

BEG on its own →BEX on its own →How every figure is computed →Standards and sources →

Where these figures came from

BEG filings on SEC EDGAR ↗BEG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗BEX filings on SEC EDGAR ↗BEX prospectus with the expense ratio (SEC) ↗Tradr 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, BEG against BEX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/beg-vs-bex

Open data

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