Which came closer to its stated multiple, MPWC or MPWX?

Over the window to Sep 30, 2026, MPWC finished 3.0 points from what its multiple implies and MPWX finished 9.2 points from its own, so MPWC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are MPWC and MPWX levered on the same thing?

Yes. Both are levered on Monolithic Power Systems, MPWC at +2 times and MPWX at +2 times the daily move.

Which one decays faster, MPWC or MPWX?

Decay follows how much the underlying moves about. Over this window MPWC’s moved at 50% annualized and MPWX’s at 53%, so MPWX has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold MPWC or MPWX 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, MPWC or MPWX?

MPWC charges 0.45% a year and MPWX charges 1.49%, so MPWC is cheaper. Fees come from each fund's prospectus.

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MPWC vs MPWX: which held to its multiple?

Over the days both have traded, MPWC finished 3.0 points from its stated multiple and MPWX 2.9. Corgi MPWR 2x Daily ETF and Tradr 2X Long MPWR Daily ETF.

+3.4%

MPWC returned, since launch

−6.6%

MPWX returned, 3 months

−8.6 pts

MPWC from its stated multiple

−9.2 pts

MPWX from its stated multiple

MPWC · 1 month to Sep 30, 20263 pts short of its stated multiple

MPWC returned +9.8% while 2 times MPWR's move would have been +12.8%

MPWX · 3 months to Sep 30, 20269.2 pts short of its stated multiple

MPWX returned −6.6% while 2 times MPWR's move would have been +2.6%

Performance, window by window

	Total return		Multiple would give		Difference
Window	MPWC	MPWX	MPWC	MPWX	MPWC	MPWX
1 month	+9.8%	+9.9%	+12.8%	+12.8%	−3.0 pts	−2.9 pts
3 months	not published	−6.6%	not published	+2.6%	not published	−9.2 pts
Since launch MPWC Jul 2026 · MPWX Apr 2026	+3.4%	−44.2%	+12.0%	−34.4%	−8.6 pts	−9.8 pts

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

On the same fields

MPWC

Corgi MPWR 2x Daily ETF · Aims to return twice the daily move of Monolithic Power Systems (MPWR)

MPWX

Tradr 2X Long MPWR Daily ETF · Aims to return twice the daily move of Monolithic Power Systems (MPWR)

Issuer Corgi Tradr

Sets out to return +2x +2x

Underlying asset MPWR MPWR

Segment company company

Fund returned, 3 months or since launch +9.8% −6.6%

Underlying returned, over that window +6.4% +1.3%

What the stated multiple implies, over that window +12.8% +2.6%

Difference from stated, over that window −3.0 pts −9.2 pts

Fund returned, 1 year or since launch +3.4% −44.2%

Difference from stated, over that window −8.6 pts −9.8 pts

Underlying volatility 50% 53%

Difference over the days both have traded −3.0 pts −2.9 pts

Expense ratio 0.45% 1.49%

Launched Jul 7, 2026 Apr 24, 2026

Net assets $457,620 $2m

MPWC and MPWX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

MPWC in plain words

One month to Sep 30, 2026: MPWC returned +9.8% where its own daily promise gave +10.9%, 1.1 points short. Read the multiple against the whole window instead and 2 times MPWR's 6.4% implies +12.8%, which makes MPWC look 3.0 points short. 1.9 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. MPWC aims to return +2 times MPWR'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. MPWR moved at 50% 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.

MPWX in plain words

Three months to Sep 30, 2026: MPWX returned −6.6% where its own daily promise gave −4.2%, 2.4 points short. Read the multiple against the whole window instead and 2 times MPWR's 1.3% implies +2.6%, which makes MPWX look 9.2 points short. 6.8 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. MPWX aims to return +2 times MPWR's move each day, then resets. MPWR moved at 53% annualized over that window.

Questions people ask

Which came closer to its stated multiple, MPWC or MPWX?: Over the window to Sep 30, 2026, MPWC finished 3.0 points from what its multiple implies and MPWX finished 9.2 points from its own, so MPWC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are MPWC and MPWX levered on the same thing?: Yes. Both are levered on Monolithic Power Systems, MPWC at +2 times and MPWX at +2 times the daily move.
Which one decays faster, MPWC or MPWX?: Decay follows how much the underlying moves about. Over this window MPWC’s moved at 50% annualized and MPWX’s at 53%, so MPWX has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold MPWC or MPWX 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, MPWC or MPWX?: MPWC charges 0.45% a year and MPWX charges 1.49%, so MPWC is cheaper. Fees come from each fund's prospectus.

Other comparisons

MPWC on its own →MPWX on its own →How every figure is computed →Standards and sources →

Where these figures came from

MPWC filings on SEC EDGAR ↗MPWC prospectus with the expense ratio (SEC) ↗Corgi website ↗MPWX filings on SEC EDGAR ↗MPWX prospectus with the expense ratio (SEC) ↗Tradr website ↗

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, MPWC against MPWX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/mpwc-vs-mpwx

Open data

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