Which came closer to its stated multiple, SNDG or SNXX?

Over the window to Sep 30, 2026, SNDG finished 21.1 points from what its multiple implies and SNXX finished 21.4 points from its own, so SNDG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are SNDG and SNXX levered on the same thing?

Yes. Both are levered on Sandisk, SNDG at +2 times and SNXX at +2 times the daily move.

Which one decays faster, SNDG or SNXX?

Decay follows how much the underlying moves about. Over this window SNDG’s moved at 117% annualized and SNXX’s at 117%, so SNDG has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold SNDG 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.

Which is cheaper, SNDG or SNXX?

SNDG charges 0.75% a year and SNXX charges 1.49%, so SNDG is cheaper. Fees come from each fund's prospectus.

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SNDG vs SNXX: which held to its multiple?

Over the days both have traded, SNDG finished 21.1 points from its stated multiple and SNXX 21.4. Leverage Shares 2X Long SNDK Daily ETF and Tradr 2X Long SNDK Daily ETF.

−49.9%

SNDG returned, 3 months

−50.2%

SNXX returned, 3 months

−21.1 pts

SNDG from its stated multiple

−21.4 pts

SNXX from its stated multiple

SNDG · 3 months to Sep 30, 202621.1 pts short of its stated multiple

SNDG returned −49.9% while 2 times SNDK's move would have been −28.8%

SNXX · 3 months to Sep 30, 202621.4 pts short of its stated multiple

SNXX returned −50.2% while 2 times SNDK's move would have been −28.8%

ETFIQ Decay Resistance Score · SNDG scores higherDid it keep up with its own daily multiple, compounded day by day?

SNDG 64.5

SNXX 54.8

0.1, the lowest in this set99.9, the highest

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	SNDG	SNXX	SNDG	SNXX	SNDG	SNXX
1 month	+16.3%	+16.0%	+22.1%	+22.1%	−5.8 pts	−6.1 pts
3 months	−49.9%	−50.2%	−28.8%	−28.8%	−21.1 pts	−21.4 pts
6 months	not published	+209.2%	not published	not meaningful	not published	not meaningful
Since launch SNDG May 2026 · SNXX Jan 2026	−20.9%	+412.1%	+39.7%	not meaningful	−60.6 pts	not meaningful

SNDG 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

SNDG

Leverage Shares 2X Long SNDK Daily ETF · Aims to return twice the daily move of Sandisk (SNDK)

SNXX

Tradr 2X Long SNDK Daily ETF · Aims to return twice the daily move of Sandisk (SNDK)

Issuer Leverage Shares Tradr

Sets out to return +2x +2x

Underlying asset SNDK SNDK

Segment company company

Fund returned, 3 months or since launch −49.9% −50.2%

Underlying returned, over that window −14.4% −14.4%

What the stated multiple implies, over that window −28.8% −28.8%

Difference from stated, over that window −21.1 pts −21.4 pts

Fund returned, 1 year or since launch −20.9% +412.1%

Difference from stated, over that window −60.6 pts not available

Underlying volatility 117% 117%

Difference over the days both have traded −21.1 pts −21.4 pts

Expense ratio 0.75% 1.49%

Launched May 12, 2026 Jan 27, 2026

Net assets $105m $2.0bn

SNDG and SNXX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

SNDG in plain words

Three months to Sep 30, 2026: SNDG returned −49.9% where its own daily promise gave −47.7%, 2.2 points short. Read the multiple against the whole window instead and 2 times SNDK's −14.4% implies −28.8%, which makes SNDG look 21.1 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. SNDG 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, SNDG or SNXX?: Over the window to Sep 30, 2026, SNDG finished 21.1 points from what its multiple implies and SNXX finished 21.4 points from its own, so SNDG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are SNDG and SNXX levered on the same thing?: Yes. Both are levered on Sandisk, SNDG at +2 times and SNXX at +2 times the daily move.
Which one decays faster, SNDG or SNXX?: Decay follows how much the underlying moves about. Over this window SNDG’s moved at 117% annualized and SNXX’s at 117%, so SNDG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold SNDG 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.
Which is cheaper, SNDG or SNXX?: SNDG charges 0.75% a year and SNXX charges 1.49%, so SNDG is cheaper. Fees come from each fund's prospectus.

Other comparisons

SNDG vs SNDQ SNDG vs SNDU SNDG vs SNDC SNXX vs SNDC SNXX vs SNDQ SNXX vs SNDU

SNDG on its own →SNXX on its own →How every figure is computed →Standards and sources →

Where these figures came from

SNDG filings on SEC EDGAR ↗SNDG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗SNXX filings on SEC EDGAR ↗SNXX 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, SNDG against SNXX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/sndg-vs-snxx

Open data

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