{"url":"https://etfiq.com/compare/leverage/lqdd-vs-lqdu","section":"compare","title":"LQDD vs LQDU: which held to its multiple? | ETFIQ","description":"LQDD sets out to return -3 times LQD each day and LQDU +3 times. Over the month to Sep 30, 2026 they finished +0.9 pts and \u22120.9 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, LQDD or LQDU?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, LQDD finished 0.9 points from what its multiple implies and LQDU finished 0.9 points from its own, so LQDD came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are LQDD and LQDU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on investment-grade bonds, LQDD at -3 times and LQDU at +3 times the daily move."}},{"@type":"Question","name":"Which one decays faster, LQDD or LQDU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window LQDD\u2019s moved at 7% annualized and LQDU\u2019s at 7%, so LQDD has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold LQDD or LQDU for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"LQDD vs LQDU","item":"https://etfiq.com/compare/leverage/lqdd-vs-lqdu"}]},{"@type":"WebPage","name":"LQDD vs LQDU: which held to its multiple?","description":"LQDD sets out to return -3 times LQD each day and LQDU +3 times. Over the month to Sep 30, 2026 they finished +0.9 pts and \u22120.9 pts away.","url":"https://etfiq.com/compare/leverage/lqdd-vs-lqdu","dateModified":"2026-09-30","abstract":"Over a month against its own daily promise, LQDD finished 0.4 points over and LQDU 1.1 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of LQDD and LQDU","description":"LQDD sets out to return -3 times LQD each day and LQDU +3 times. Over the month to Sep 30, 2026 they finished +0.9 pts and \u22120.9 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/lqdd-vs-lqdu","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":5994,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / LQDD vs LQDU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n LQDD vs LQDU: which held to its multiple?\n\n Over a month against its own daily promise, LQDD finished 0.4 points over and LQDU 1.1 points short.\n Copy this for sharing \n \n MicroSectors -3x Short Investment Grade Corporate Bond (LQD) ETNs and MicroSectors 3x Long Investment Grade Corporate Bond (LQD) ETNs.\n\n Download as PDF \n\n +10.7% LQDD returned, since launch \n \u221211.6% LQDU returned, since launch \n +1.1 pts LQDD from its stated multiple \n \u22122.0 pts LQDU from its stated mu","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/lqdd-vs-lqdu","a":{"ticker":"LQDD","name":"MicroSectors -3x Short Investment Grade Corporate Bond (LQD) ETNs","issuer":"MicroSectors","desk":"leverage","as_of":"2026-09-30","verdict":"One month to Sep 30, 2026: LQDD returned +11.0% where its own daily promise gave +10.6%, 0.4 points over.","url":"https://etfiq.com/funds/lqdd","key_facts":[{"label":"What LQD did","value":"\u22123.4%","as_of":"2026-09-30","source":null},{"label":"What \u22123 times a day gives","value":"+10.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+11.0%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+0.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"an exchange traded note holds no assets; it is the issuing bank\u2019s unsecured debt","as_of":"2026-09-30","source":null},{"label":"Expense ratio","value":"not read by ETFIQ","as_of":"2026-09-30","source":null}]},"b":{"ticker":"LQDU","name":"MicroSectors 3x Long Investment Grade Corporate Bond (LQD) ETNs","issuer":"MicroSectors","desk":"leverage","as_of":"2026-09-30","verdict":"One month to Sep 30, 2026: LQDU returned \u221211.0% where its own daily promise gave \u22129.9%, 1.1 points short.","url":"https://etfiq.com/funds/lqdu","key_facts":[{"label":"What LQD did","value":"\u22123.4%","as_of":"2026-09-30","source":null},{"label":"What 3 times a day gives","value":"\u22129.9%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221211.0%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.1 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"an exchange traded note holds no assets; it is the issuing bank\u2019s unsecured debt","as_of":"2026-09-30","source":null},{"label":"Expense ratio","value":"not read by ETFIQ","as_of":"2026-09-30","source":null}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/lqdd-vs-lqdu"}