KEYG vs KEYX: which held to its multiple?

Over the days both have traded, KEYG finished 8.5 points from its stated multiple and KEYX 8.2. Leverage Shares 2X Long KEYS Daily ETF and Corgi KEYS 2x Daily ETF.

+8.5%
KEYG returned, 3 months
+8.8%
KEYX returned, 3 months
−8.5 pts
KEYG from its stated multiple
−8.2 pts
KEYX from its stated multiple
KEYG · 3 months to Sep 30, 20268.5 pts short of its stated multiple
8.5 pts short of its stated multipleKEYG returned +8.5% while 2 times KEYS's move would have been +16.9%KEYS +8.5% ×2 implies+16.9%KEYG returned+8.5%8.5 pts short of its stated multipleKEYG returned +8.5% while 2 times KEYS's move would have been +16.9%KEYS +8.5% ×2 implies+16.9%KEYG returned+8.5%

KEYG returned +8.5% while 2 times KEYS's move would have been +16.9%

KEYX · 3 months to Sep 30, 20268.2 pts short of its stated multiple
8.2 pts short of its stated multipleKEYX returned +8.8% while 2 times KEYS's move would have been +16.9%KEYS +8.5% ×2 implies+16.9%KEYX returned+8.8%8.2 pts short of its stated multipleKEYX returned +8.8% while 2 times KEYS's move would have been +16.9%KEYS +8.5% ×2 implies+16.9%KEYX returned+8.8%

KEYX returned +8.8% while 2 times KEYS's move would have been +16.9%

ETFIQ Decay Resistance Score · KEYX 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
WindowKEYGKEYXKEYGKEYXKEYGKEYX
1 month+24.8%+24.6%+25.6%+25.6%−0.8 pts−1.1 pts
3 months+8.5%+8.8%+16.9%+16.9%−8.5 pts−8.2 pts
Since launch
KEYG Jun 2026 · KEYX Jun 2026
−2.9%−1.3%+7.9%+7.3%−10.8 pts−8.6 pts

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

On the same fields

KEYG
Leverage Shares 2X Long KEYS Daily ETF · Aims to return twice the daily move of Keysight Technologies (KEYS)
KEYX
Corgi KEYS 2x Daily ETF · Aims to return twice the daily move of Keysight Technologies (KEYS)
Issuer Leverage Shares Corgi
Sets out to return +2x +2x
Underlying asset KEYS KEYS
Segment company company
Fund returned, 3 months or since launch +8.5% +8.8%
Underlying returned, over that window +8.5% +8.5%
What the stated multiple implies, over that window +16.9% +16.9%
Difference from stated, over that window −8.5 pts −8.2 pts
Fund returned, 1 year or since launch −2.9% −1.3%
Difference from stated, over that window −10.8 pts −8.6 pts
Underlying volatility 41% 41%
Difference over the days both have traded −8.5 pts −8.2 pts
Expense ratio 0.99% 0.45%
Launched Jun 16, 2026 Jun 24, 2026
Net assets $620,550 $366,827

KEYG and KEYX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

KEYG in plain words

Three months to Sep 30, 2026: KEYG returned +8.5% where its own daily promise gave +12.8%, 4.3 points short. Read the multiple against the whole window instead and 2 times KEYS's 8.5% implies +16.9%, which makes KEYG look 8.5 points short. 4.2 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. KEYG aims to return +2 times KEYS'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. KEYS moved at 41% 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.

KEYX in plain words

Three months to Sep 30, 2026: KEYX returned +8.8% where its own daily promise gave +12.8%, 4.0 points short. Read the multiple against the whole window instead and 2 times KEYS's 8.5% implies +16.9%, which makes KEYX look 8.2 points short. KEYX aims to return +2 times KEYS's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, KEYG or KEYX?
Over the window to Sep 30, 2026, KEYG finished 8.5 points from what its multiple implies and KEYX finished 8.2 points from its own, so KEYX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are KEYG and KEYX levered on the same thing?
Yes. Both are levered on Keysight Technologies, KEYG at +2 times and KEYX at +2 times the daily move.
Which one decays faster, KEYG or KEYX?
Decay follows how much the underlying moves about. Over this window KEYG’s moved at 41% annualized and KEYX’s at 41%, so KEYG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold KEYG or KEYX 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, KEYG or KEYX?
KEYG charges 0.99% a year and KEYX charges 0.45%, so KEYX is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from

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, KEYG against KEYX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/keyg-vs-keyx

Open data

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