Which came closer to its stated multiple, HIMC or HIMZ?

Over the window to Sep 30, 2026, HIMC finished 3.4 points from what its multiple implies and HIMZ finished 10.6 points from its own, so HIMC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are HIMC and HIMZ levered on the same thing?

Yes. Both are levered on Hims & Hers Health, HIMC at +2 times and HIMZ at +2 times the daily move.

Which one decays faster, HIMC or HIMZ?

Decay follows how much the underlying moves about. Over this window HIMC’s moved at 46% annualized and HIMZ’s at 82%, so HIMZ has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold HIMC or HIMZ 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, HIMC or HIMZ?

HIMC charges 0.45% a year and HIMZ charges 1.33%, so HIMC is cheaper. Fees come from each fund's prospectus.

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HIMC vs HIMZ: which held to its multiple?

Over the days both have traded, HIMC finished 3.4 points from its stated multiple and HIMZ 4.4. Corgi HIMS 2x Daily ETF and Defiance Daily Target 2X Long HIMS ETF.

−41.3%

HIMC returned, since launch

−52.0%

HIMZ returned, 3 months

−10.8 pts

HIMC from its stated multiple

−10.6 pts

HIMZ from its stated multiple

HIMC · 1 month to Sep 30, 20263.4 pts short of its stated multiple

HIMC returned −1.9% while 2 times HIMS's move would have been +1.4%

HIMZ · 3 months to Sep 30, 202610.6 pts short of its stated multiple

HIMZ returned −52.0% while 2 times HIMS's move would have been −41.4%

Performance, window by window

	Total return		Multiple would give		Difference
Window	HIMC	HIMZ	HIMC	HIMZ	HIMC	HIMZ
1 month	−1.9%	−3.0%	+1.4%	+1.4%	−3.4 pts	−4.4 pts
3 months	not published	−52.0%	not published	−41.4%	not published	−10.6 pts
6 months	not published	+31.6%	not published	+100.3%	not published	−68.8 pts
1 year	not published	−91.1%	not published	−95.0%	not published	+3.9 pts
Since launch HIMC Jul 2026 · HIMZ Mar 2025	−41.3%	−88.2%	−30.5%	−11.1%	−10.8 pts	−77.1 pts

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

On the same fields

HIMC

Corgi HIMS 2x Daily ETF · Aims to return twice the daily move of Hims & Hers Health (HIMS)

HIMZ

Defiance Daily Target 2X Long HIMS ETF · Aims to return twice the daily move of Hims & Hers Health (HIMS)

Issuer Corgi Defiance

Sets out to return +2x +2x

Underlying asset HIMS HIMS

Segment company company

Fund returned, 3 months or since launch −1.9% −52.0%

Underlying returned, over that window +0.7% −20.7%

What the stated multiple implies, over that window +1.4% −41.4%

Difference from stated, over that window −3.4 pts −10.6 pts

Fund returned, 1 year or since launch −41.3% −91.1%

Difference from stated, over that window −10.8 pts +3.9 pts

Underlying volatility 46% 82%

Difference over the days both have traded −3.4 pts −4.4 pts

Expense ratio 0.45% 1.33%

Launched Jul 14, 2026 Mar 13, 2025

Net assets $229,655 $56m

HIMC and HIMZ on the same fields, as of Sep 30, 2026. Source: ETFIQ.

HIMC in plain words

One month to Sep 30, 2026: HIMC returned −1.9% where its own daily promise gave −0.4%, 1.6 points short. Read the multiple against the whole window instead and 2 times HIMS's 0.7% implies +1.4%, which makes HIMC look 3.4 points short. 1.8 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. HIMC aims to return +2 times HIMS'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. HIMS moved at 46% 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.

HIMZ in plain words

Three months to Sep 30, 2026: HIMZ returned −52.0% where its own daily promise gave −47.6%, 4.4 points short. Read the multiple against the whole window instead and 2 times HIMS's −20.7% implies −41.4%, which makes HIMZ look 10.6 points short. 6.2 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. HIMZ aims to return +2 times HIMS's move each day, then resets. HIMS moved at 82% annualized over that window.

Questions people ask

Which came closer to its stated multiple, HIMC or HIMZ?: Over the window to Sep 30, 2026, HIMC finished 3.4 points from what its multiple implies and HIMZ finished 10.6 points from its own, so HIMC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are HIMC and HIMZ levered on the same thing?: Yes. Both are levered on Hims & Hers Health, HIMC at +2 times and HIMZ at +2 times the daily move.
Which one decays faster, HIMC or HIMZ?: Decay follows how much the underlying moves about. Over this window HIMC’s moved at 46% annualized and HIMZ’s at 82%, so HIMZ has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold HIMC or HIMZ 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, HIMC or HIMZ?: HIMC charges 0.45% a year and HIMZ charges 1.33%, so HIMC is cheaper. Fees come from each fund's prospectus.

Other comparisons

HIMC on its own →HIMZ on its own →How every figure is computed →Standards and sources →

Where these figures came from

HIMC filings on SEC EDGAR ↗HIMC prospectus with the expense ratio (SEC) ↗Corgi website ↗HIMZ filings on SEC EDGAR ↗HIMZ prospectus with the expense ratio (SEC) ↗Defiance page for HIMZ ↗

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, HIMC against HIMZ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/himc-vs-himz

Open data

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