SNDC vs SNXX: which held to its multiple?
Over the days both have traded, SNDC finished 23.0 points from its stated multiple and SNXX 21.4. Corgi SNDK 2x Daily ETF and Tradr 2X Long SNDK Daily ETF.
SNDC returned −51.8% while 2 times SNDK's move would have been −28.8%
SNXX returned −50.2% while 2 times SNDK's move would have been −28.8%
A percentile among the 470 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it → How it is computed →
Performance, window by window
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | SNDC | SNXX | SNDC | SNXX | SNDC | SNXX |
| 1 month | +16.7% | +16.0% | +22.1% | +22.1% | −5.4 pts | −6.1 pts |
| 3 months | −51.8% | −50.2% | −28.8% | −28.8% | −23.0 pts | −21.4 pts |
| 6 months | not published | +209.2% | not published | not meaningful | not published | not meaningful |
| Since launch SNDC Jun 2026 · SNXX Jan 2026 | −61.7% | +412.1% | −47.0% | not meaningful | −14.8 pts | not meaningful |
SNDC and SNXX over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
SNDC and SNXX on the same fields, as of Sep 30, 2026. Source: ETFIQ.
SNDC in plain words
Three months to Sep 30, 2026: SNDC returned −51.8% where its own daily promise gave −47.7%, 4.1 points short. Read the multiple against the whole window instead and 2 times SNDK's −14.4% implies −28.8%, which makes SNDC look 23.0 points short. 18.9 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. SNDC aims to return +2 times SNDK'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. SNDK moved at 117% 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.
SNXX in plain words
Three months to Sep 30, 2026: SNXX returned −50.2% where its own daily promise gave −47.7%, 2.5 points short. Read the multiple against the whole window instead and 2 times SNDK's −14.4% implies −28.8%, which makes SNXX look 21.4 points short. SNXX aims to return +2 times SNDK's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, SNDC or SNXX?
- Over the window to Sep 30, 2026, SNDC finished 23.0 points from what its multiple implies and SNXX finished 21.4 points from its own, so SNXX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are SNDC and SNXX levered on the same thing?
- Yes. Both are levered on Sandisk, SNDC at +2 times and SNXX at +2 times the daily move.
- Which one decays faster, SNDC or SNXX?
- Decay follows how much the underlying moves about. Over this window SNDC’s moved at 117% annualized and SNXX’s at 117%, so SNDC has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold SNDC or SNXX 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.
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.
ETFIQ, SNDC against SNXX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/sndc-vs-snxx
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, SNDC against SNXX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/sndc-vs-snxx Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, SNDC against SNXX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/sndc-vs-snxx
- APA
- ETFIQ. (Sep 30, 2026). SNDC against SNXX. Retrieved from https://etfiq.com/compare/leverage/sndc-vs-snxx
- Markdown
- [SNDC against SNXX (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/sndc-vs-snxx)