{"url":"https://etfiq.com/compare/leverage/opeg-vs-opex","section":"compare","title":"OPEG vs OPEX: which held to its multiple? | ETFIQ","description":"OPEG sets out to return +2 times OPEN each day and OPEX +2 times. Over the three months to Sep 30, 2026 they finished +23.2 pts and +22.7 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, OPEG or OPEX?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, OPEG finished 23.2 points from what its multiple implies and OPEX finished 22.7 points from its own, so OPEX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are OPEG and OPEX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Opendoor Technologies, OPEG at +2 times and OPEX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, OPEG or OPEX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window OPEG\u2019s moved at 67% annualized and OPEX\u2019s at 67%, so OPEG has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold OPEG or OPEX 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":"Question","name":"Which is cheaper, OPEG or OPEX?","acceptedAnswer":{"@type":"Answer","text":"OPEG charges 0.75% a year and OPEX charges 1.30%, so OPEG is cheaper. Fees come from each fund's prospectus."}}]},{"@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":"OPEG vs OPEX","item":"https://etfiq.com/compare/leverage/opeg-vs-opex"}]},{"@type":"WebPage","name":"OPEG vs OPEX: which held to its multiple?","description":"OPEG sets out to return +2 times OPEN each day and OPEX +2 times. Over the three months to Sep 30, 2026 they finished +23.2 pts and +22.7 pts away.","url":"https://etfiq.com/compare/leverage/opeg-vs-opex","dateModified":"2026-09-30","abstract":"Over the days both have traded, OPEG finished 23.2 points from its stated multiple and OPEX 22.7.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of OPEG and OPEX","description":"OPEG sets out to return +2 times OPEN each day and OPEX +2 times. Over the three months to Sep 30, 2026 they finished +23.2 pts and +22.7 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/opeg-vs-opex","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":6427,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / OPEG vs OPEX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n OPEG vs OPEX: which held to its multiple?\n\n Over the days both have traded, OPEG finished 23.2 points from its stated multiple and OPEX 22.7.\n Copy this for sharing \n \n Leverage Shares 2X Long OPEN Daily ETF and Tradr 2X Long OPEN Daily ETF.\n\n Download as PDF \n\n \u221280.8% OPEG returned, 3 months \n \u221281.3% OPEX returned, 3 months \n +23.2 pts OPEG from its stated multiple \n +22.7 pts OPEX from its stated multiple \n\n ETFIQ Decay Resistance Score: OPEG scores higher\n Did it keep","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/opeg-vs-opex","a":{"ticker":"OPEG","name":"Leverage Shares 2X Long OPEN Daily ETF","issuer":"Leverage Shares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: OPEG returned \u221280.8% where its own daily promise gave \u221279.8%, 1.1 points short.","url":"https://etfiq.com/funds/opeg","key_facts":[{"label":"What OPEN did","value":"\u221252.0%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221279.8%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221280.8%","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":"$1m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"0.75%","as_of":"2026-09-30","source":"485BPOS XBRL, Dec 9, 2025"}]},"b":{"ticker":"OPEX","name":"Tradr 2X Long OPEN Daily ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: OPEX returned \u221281.3% where its own daily promise gave \u221279.8%, 1.5 points short.","url":"https://etfiq.com/funds/opex","key_facts":[{"label":"What OPEN did","value":"\u221252.0%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221279.8%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221281.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$4m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.30%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 21, 2025"}]},"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/opeg-vs-opex"}