BEG vs BEZ: which held to its multiple?
Over three months against its own daily promise, BEG finished 2.7 points short and BEZ 0.2 points over. Leverage Shares 2X Long BE Daily ETF and Tradr 2X Short BE Daily ETF.
BEG returned −34.0% while 2 times BE's move would have been −8.6%
BEZ returned −59.0% while −2 times BE's move would have been +8.6%
BEG among the 470 leveraged ETFs, long, over three months
BEZ among the 125 inverse ETFs over three months
A percentile among the 470 leveraged ETFs, long, over three months. BEZ is a percentile among the 125 inverse ETFs over three months, a different set, so the two marks are not on one scale. 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 | BEZ | BEG | BEZ | BEG | BEZ |
| 1 month | +67.2% | −55.4% | +68.5% | −68.5% | −1.3 pts | +13.2 pts |
| 3 months | −34.0% | −59.0% | −8.6% | +8.6% | −25.4 pts | −67.6 pts |
| 6 months | +121.3% | −97.3% | not meaningful | not meaningful | not meaningful | not meaningful |
| Since launch BEG Dec 2025 · BEZ Feb 2026 | +252.2% | −97.8% | not meaningful | −156.2% | not meaningful | +58.4 pts |
BEG and BEZ 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 and BEZ 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.
BEZ in plain words
Three months to Sep 30, 2026: BEZ returned −59.0% where its own daily promise gave −59.2%, 0.2 points over. Read the multiple against the whole window instead and −2 times BE's −4.3% implies +8.6%, which makes BEZ look 67.6 points short. 67.8 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. BEZ aims to return -2 times BE'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, BEG or BEZ?
- Over the window to Sep 30, 2026, BEG finished 25.4 points from what its multiple implies and BEZ finished 67.6 points from its own, so BEG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are BEG and BEZ levered on the same thing?
- Yes. Both are levered on Bloom Energy, BEG at +2 times and BEZ at -2 times the daily move.
- Which one decays faster, BEG or BEZ?
- Decay follows how much the underlying moves about. Over this window BEG’s moved at 110% annualized and BEZ’s at 110%, so BEG has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold BEG or BEZ 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, BEG against BEZ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/beg-vs-bez
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, BEG against BEZ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/beg-vs-bez Free to use with attribution; the underlying files are at Open data.
Other forms
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- ETFIQ, BEG against BEZ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/beg-vs-bez
- APA
- ETFIQ. (Sep 30, 2026). BEG against BEZ. Retrieved from https://etfiq.com/compare/leverage/beg-vs-bez
- Markdown
- [BEG against BEZ (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/beg-vs-bez)