LITG vs LITZ: which held to its multiple?

Over a month against its own daily promise, LITG finished 0.7 points short and LITZ 0.5 points over. Leverage Shares 2X Long LITE Daily ETF and Tradr 2X Short LITE Daily ETF.

+23.9%
LITG returned, since launch
−66.4%
LITZ returned, 3 months
−12.9 pts
LITG from its stated multiple
−24.0 pts
LITZ from its stated multiple
LITG · 1 month to Sep 30, 20265.3 pts short of its stated multiple
5.3 pts short of its stated multipleLITG returned +7.0% while 2 times LITE's move would have been +12.4%LITE +6.2% ×2 implies+12.4%LITG returned+7.0%5.3 pts short of its stated multipleLITG returned +7.0% while 2 times LITE's move would have been +12.4%LITE +6.2% ×2 implies+12.4%LITG returned+7.0%

LITG returned +7.0% 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
WindowLITGLITZLITGLITZLITGLITZ
1 month+7.0%−22.7%+12.4%−12.4%−5.3 pts−10.3 pts
3 monthsnot published−66.4%not published−42.5%not published−24.0 pts
Since launch
LITG Aug 2026 · LITZ Apr 2026
+23.9%−77.3%+36.7%−29.4%−12.9 pts−48.0 pts

LITG 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

LITG
Leverage Shares 2X Long LITE 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 Leverage Shares Tradr
Sets out to return +2x -2x
Underlying asset LITE LITE
Segment company company
Fund returned, 3 months or since launch +7.0% −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 −5.3 pts −24.0 pts
Fund returned, 1 year or since launch +23.9% −77.3%
Difference from stated, over that window −12.9 pts −48.0 pts
Underlying volatility 74% 96%
Difference over the days both have traded −5.3 pts no shared window
Expense ratio 0.99% 1.49%
Launched Aug 11, 2026 Apr 23, 2026
Net assets $664,300 $24m

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

LITG in plain words

One month to Sep 30, 2026: LITG returned +7.0% where its own daily promise gave +7.8%, 0.7 points short. Read the multiple against the whole window instead and 2 times LITE's 6.2% implies +12.4%, which makes LITG look 5.3 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. LITG 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, LITG or LITZ?
Over the window to Sep 30, 2026, LITG finished 5.3 points from what its multiple implies and LITZ finished 24.0 points from its own, so LITG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are LITG and LITZ levered on the same thing?
Yes. Both are levered on Lumentum, LITG at +2 times and LITZ at -2 times the daily move.
Which one decays faster, LITG or LITZ?
Decay follows how much the underlying moves about. Over this window LITG’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 LITG 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, LITG or LITZ?
LITG charges 0.99% a year and LITZ charges 1.49%, so LITG is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, LITG against LITZ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/litg-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.