Which came closer to its stated multiple, ETHU or ETU?

Over the window to Sep 30, 2026, ETHU finished 20.8 points from what its multiple implies and ETU finished 21.2 points from its own, so ETHU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are ETHU and ETU levered on the same thing?

Yes. Both are levered on ether, ETHU at +2 times and ETU at +2 times the daily move.

Which one decays faster, ETHU or ETU?

Decay follows how much the underlying moves about. Over this window ETHU’s moved at 48% annualized and ETU’s at 48%, so ETHU has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold ETHU or ETU 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, ETHU or ETU?

ETHU charges 2.97% a year and ETU charges 0.95%, so ETU is cheaper. Fees come from each fund's prospectus.

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ETHU vs ETU: which held to its multiple?

Over the days both have traded, ETHU finished 20.8 points from its stated multiple and ETU 21.2. 2x Ether ETF and T-Rex 2X Long Ether Daily Target ETF.

+150.9%

ETHU returned, 3 months

+151.3%

ETU returned, 3 months

+20.8 pts

ETHU from its stated multiple

+21.2 pts

ETU from its stated multiple

ETHU · 3 months to Sep 30, 202620.8 pts ahead of its stated multiple

ETHU returned +150.9% while 2 times ETHA's move would have been +130.1%

ETU · 3 months to Sep 30, 202621.2 pts ahead of its stated multiple

ETU returned +151.3% while 2 times ETHA's move would have been +130.1%

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

ETHU 7.1

ETU 8.3

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	ETHU	ETU	ETHU	ETU	ETHU	ETU
1 month	+12.2%	+13.3%	+15.0%	+15.0%	−2.8 pts	−1.7 pts
3 months	+150.9%	+151.3%	+130.1%	+130.1%	+20.8 pts	+21.2 pts
6 months	+29.1%	+28.6%	+49.0%	+49.0%	−19.9 pts	−20.4 pts
1 year	−76.7%	−76.8%	−72.3%	−72.3%	−4.4 pts	−4.5 pts
Since launch ETHU Jul 2024 · ETU Oct 2024	−87.2%	−68.9%	−46.6%	+9.0%	−40.5 pts	−77.9 pts

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

On the same fields

ETHU

2x Ether ETF · Aims to return twice the daily move of ether (ETHA)

ETU

T-Rex 2X Long Ether Daily Target ETF · Aims to return twice the daily move of ether (ETHA)

Issuer Volatility Shares T-REX

Sets out to return +2x +2x

Underlying asset ETHA ETHA

Segment crypto crypto

Fund returned, 3 months or since launch +150.9% +151.3%

Underlying returned, over that window +65.0% +65.0%

What the stated multiple implies, over that window +130.1% +130.1%

Difference from stated, over that window +20.8 pts +21.2 pts

Fund returned, 1 year or since launch −76.7% −76.8%

Difference from stated, over that window −4.4 pts −4.5 pts

Underlying volatility 48% 48%

Difference over the days both have traded +20.8 pts +21.2 pts

Expense ratio 2.97% 0.95%

Launched Jun 4, 2024 Oct 24, 2024

Net assets $1.2bn $18m

ETHU and ETU on the same fields, as of Sep 30, 2026. Source: ETFIQ.

ETHU in plain words

Three months to Sep 30, 2026: ETHU returned +150.9% where its own daily promise gave +157.5%, 6.6 points short. Read the multiple against the whole window instead and 2 times ETHA's 65.0% implies +130.1%, which makes ETHU look 20.8 points over. 27.4 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. ETHU aims to return +2 times ETHA'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. ETHA moved at 48% 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.

ETU in plain words

Three months to Sep 30, 2026: ETU returned +151.3% where its own daily promise gave +157.5%, 6.2 points short. Read the multiple against the whole window instead and 2 times ETHA's 65.0% implies +130.1%, which makes ETU look 21.2 points over. ETU aims to return +2 times ETHA's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, ETHU or ETU?: Over the window to Sep 30, 2026, ETHU finished 20.8 points from what its multiple implies and ETU finished 21.2 points from its own, so ETHU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are ETHU and ETU levered on the same thing?: Yes. Both are levered on ether, ETHU at +2 times and ETU at +2 times the daily move.
Which one decays faster, ETHU or ETU?: Decay follows how much the underlying moves about. Over this window ETHU’s moved at 48% annualized and ETU’s at 48%, so ETHU has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold ETHU or ETU 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, ETHU or ETU?: ETHU charges 2.97% a year and ETU charges 0.95%, so ETU is cheaper. Fees come from each fund's prospectus.

Other comparisons

ETHU vs EVMU ETHU vs SETH ETHU vs ETHD ETHU vs ETHT ETU vs EVMU ETU vs SETH ETU vs ETHD ETU vs ETHT

ETHA →ETHU on its own →ETU on its own →How every figure is computed →Standards and sources →

Where these figures came from

ETHU filings on SEC EDGAR ↗ETHU prospectus with the expense ratio (SEC) ↗Volatility Shares page for ETHU ↗ETU filings on SEC EDGAR ↗ETU prospectus with the expense ratio (SEC) ↗T-REX page for ETU ↗

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, ETHU against ETU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/ethu-vs-etu

Open data

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