LITC vs LITZ: which held to its multiple?

Over a month against its own daily promise, LITC finished 0.6 points short and LITZ 0.5 points over. Corgi LITE 2x Daily ETF and Tradr 2X Short LITE Daily ETF.

+18.4%
LITC returned, since launch
−66.4%
LITZ returned, 3 months
−23.8 pts
LITC from its stated multiple
−24.0 pts
LITZ from its stated multiple
LITC · 1 month to Sep 30, 20265.2 pts short of its stated multiple
5.2 pts short of its stated multipleLITC returned +7.2% while 2 times LITE's move would have been +12.4%LITE +6.2% ×2 implies+12.4%LITC returned+7.2%5.2 pts short of its stated multipleLITC returned +7.2% while 2 times LITE's move would have been +12.4%LITE +6.2% ×2 implies+12.4%LITC returned+7.2%

LITC returned +7.2% while 2 times LITE's move would have been +12.4%

LITZ · 3 months to Sep 30, 202624 pts short of its stated multiple
24 pts short of its stated multipleLITZ returned −66.4% while −2 times LITE's move would have been −42.5%LITE +21.2% ×−2 implies−42.5%LITZ returned−66.4%24 pts short of its stated multipleLITZ returned −66.4% while −2 times LITE's move would have been −42.5%LITE +21.2% ×−2 implies−42.5%LITZ returned−66.4%

LITZ returned −66.4% while −2 times LITE's move would have been −42.5%

Performance, window by window

Total returnMultiple would giveDifference
WindowLITCLITZLITCLITZLITCLITZ
1 month+7.2%−22.7%+12.4%−12.4%−5.2 pts−10.3 pts
3 monthsnot published−66.4%not published−42.5%not published−24.0 pts
Since launch
LITC Jul 2026 · LITZ Apr 2026
+18.4%−77.3%+42.2%−29.4%−23.8 pts−48.0 pts

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

On the same fields

LITC
Corgi LITE 2x Daily ETF · Aims to return twice the daily move of Lumentum (LITE)
LITZ
Tradr 2X Short LITE Daily ETF · Aims to return twice the opposite of the daily move of Lumentum (LITE)
Issuer Corgi Tradr
Sets out to return +2x -2x
Underlying asset LITE LITE
Segment company company
Fund returned, 3 months or since launch +7.2% −66.4%
Underlying returned, over that window +6.2% +21.2%
What the stated multiple implies, over that window +12.4% −42.5%
Difference from stated, over that window −5.2 pts −24.0 pts
Fund returned, 1 year or since launch +18.4% −77.3%
Difference from stated, over that window −23.8 pts −48.0 pts
Underlying volatility 74% 96%
Difference over the days both have traded −5.2 pts no shared window
Expense ratio 0.45% 1.49%
Launched Jul 10, 2026 Apr 23, 2026
Net assets $453,513 $24m

LITC and LITZ on the same fields, as of Sep 30, 2026. Source: ETFIQ.

LITC in plain words

One month to Sep 30, 2026: LITC returned +7.2% where its own daily promise gave +7.8%, 0.6 points short. Read the multiple against the whole window instead and 2 times LITE's 6.2% implies +12.4%, which makes LITC look 5.2 points short. 4.6 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. LITC aims to return +2 times LITE'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. LITE moved at 74% 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.

LITZ in plain words

Three months to Sep 30, 2026: LITZ returned −66.4% where its own daily promise gave −66.9%, 0.5 points over. Read the multiple against the whole window instead and −2 times LITE's 21.2% implies −42.5%, which makes LITZ look 24.0 points short. 24.4 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. LITZ aims to return -2 times LITE'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. LITE moved at 96% annualized over that window.

Questions people ask

Which came closer to its stated multiple, LITC or LITZ?
Over the window to Sep 30, 2026, LITC finished 5.2 points from what its multiple implies and LITZ finished 24.0 points from its own, so LITC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are LITC and LITZ levered on the same thing?
Yes. Both are levered on Lumentum, LITC at +2 times and LITZ at -2 times the daily move.
Which one decays faster, LITC or LITZ?
Decay follows how much the underlying moves about. Over this window LITC’s moved at 74% annualized and LITZ’s at 96%, so LITZ has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold LITC or LITZ 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, LITC or LITZ?
LITC charges 0.45% a year and LITZ charges 1.49%, so LITC is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, LITC against LITZ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/litc-vs-litz

Open data

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