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STXU vs STXX: which held to its multiple?

Over the days both have traded, STXU finished 17.5 points from its stated multiple and STXX 15.2. Leverage Shares 2X Long STX Daily ETF and Tradr 2X Long STX Daily ETF.

−15.8%
STXU returned, 3 months
−13.5%
STXX returned, 3 months
−17.5 pts
STXU from its stated multiple
−15.2 pts
STXX from its stated multiple
STXU · 3 months to Sep 30, 202617.5 pts short of its stated multiple
17.5 pts short of its stated multipleSTXU returned −15.8% while 2 times STX's move would have been +1.7%STX +0.9% ×2 implies+1.7%STXU returned−15.8%17.5 pts short of its stated multipleSTXU returned −15.8% while 2 times STX's move would have been +1.7%STX +0.9% ×2 implies+1.7%STXU returned−15.8%

STXU returned −15.8% while 2 times STX's move would have been +1.7%

STXX · 3 months to Sep 30, 202615.2 pts short of its stated multiple
15.2 pts short of its stated multipleSTXX returned −13.5% while 2 times STX's move would have been +1.7%STX +0.9% ×2 implies+1.7%STXX returned−13.5%15.2 pts short of its stated multipleSTXX returned −13.5% while 2 times STX's move would have been +1.7%STX +0.9% ×2 implies+1.7%STXX returned−13.5%

STXX returned −13.5% while 2 times STX's move would have been +1.7%

ETFIQ Decay Resistance Score · STXX scores higherDid it keep up with its own daily multiple, compounded day by day?
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 returnMultiple would giveDifference
WindowSTXUSTXXSTXUSTXXSTXUSTXX
1 month+20.0%+21.3%+22.9%+22.9%−2.9 pts−1.6 pts
3 months−15.8%−13.5%+1.7%+1.7%−17.5 pts−15.2 pts
Since launch
STXU May 2026 · STXX Apr 2026
−1.4%+87.0%+28.4%+115.1%−29.8 pts−28.1 pts

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

On the same fields

STXU
Leverage Shares 2X Long STX Daily ETF · Aims to return twice the daily move of Seagate Technology (STX)
STXX
Tradr 2X Long STX Daily ETF · Aims to return twice the daily move of Seagate Technology (STX)
Issuer Leverage Shares Tradr
Sets out to return +2x +2x
Underlying asset STX STX
Segment company company
Fund returned, 3 months or since launch −15.8% −13.5%
Underlying returned, over that window +0.9% +0.9%
What the stated multiple implies, over that window +1.7% +1.7%
Difference from stated, over that window −17.5 pts −15.2 pts
Fund returned, 1 year or since launch −1.4% +87.0%
Difference from stated, over that window −29.8 pts −28.1 pts
Underlying volatility 75% 75%
Difference over the days both have traded −17.5 pts −15.2 pts
Expense ratio 0.75% 1.49%
Launched May 12, 2026 Apr 24, 2026
Net assets $6m $14m

STXU and STXX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

STXU in plain words

Three months to Sep 30, 2026: STXU returned −15.8% where its own daily promise gave −11.9%, 3.9 points short. Read the multiple against the whole window instead and 2 times STX's 0.9% implies +1.7%, which makes STXU look 17.5 points short. 13.6 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. STXU aims to return +2 times STX'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. STX moved at 75% 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.

STXX in plain words

Three months to Sep 30, 2026: STXX returned −13.5% where its own daily promise gave −11.9%, 1.6 points short. Read the multiple against the whole window instead and 2 times STX's 0.9% implies +1.7%, which makes STXX look 15.2 points short. STXX aims to return +2 times STX's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, STXU or STXX?
Over the window to Sep 30, 2026, STXU finished 17.5 points from what its multiple implies and STXX finished 15.2 points from its own, so STXX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are STXU and STXX levered on the same thing?
Yes. Both are levered on Seagate Technology, STXU at +2 times and STXX at +2 times the daily move.
Which one decays faster, STXU or STXX?
Decay follows how much the underlying moves about. Over this window STXU’s moved at 75% annualized and STXX’s at 75%, so STXU has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold STXU or STXX 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, STXU or STXX?
STXU charges 0.75% a year and STXX charges 1.49%, so STXU is cheaper. Fees come from each fund's prospectus.
Other comparisons
STXU vs STXLSTXX vs STXL
STXU on its own →STXX on its own →How every figure is computed →Standards and sources →
Where these figures came from
STXU filings on SEC EDGAR ↗STXU prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗STXX filings on SEC EDGAR ↗STXX 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, STXU against STXX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/stxu-vs-stxx

Open data

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