{"url":"https://etfiq.com/compare/leverage/usax-vs-usgg","section":"compare","title":"USAX vs USGG: which held to its multiple? | ETFIQ","description":"USAX sets out to return +2 times USAR each day and USGG +2 times. Over the three months to Sep 30, 2026 they finished +0.2 pts and \u22120.4 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, USAX or USGG?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, USAX finished 0.2 points from what its multiple implies and USGG finished 0.4 points from its own, so USAX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are USAX and USGG levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on USA Rare Earth, USAX at +2 times and USGG at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, USAX or USGG?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window USAX\u2019s moved at 78% annualized and USGG\u2019s at 78%, so USAX has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold USAX or USGG 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, USAX or USGG?","acceptedAnswer":{"@type":"Answer","text":"USAX charges 1.49% a year and USGG charges 0.75%, so USGG 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":"USAX vs USGG","item":"https://etfiq.com/compare/leverage/usax-vs-usgg"}]},{"@type":"WebPage","name":"USAX vs USGG: which held to its multiple?","description":"USAX sets out to return +2 times USAR each day and USGG +2 times. Over the three months to Sep 30, 2026 they finished +0.2 pts and \u22120.4 pts away.","url":"https://etfiq.com/compare/leverage/usax-vs-usgg","dateModified":"2026-09-30","abstract":"Over the days both have traded, USAX finished 0.2 points from its stated multiple and USGG 0.4.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of USAX and USGG","description":"USAX sets out to return +2 times USAR each day and USGG +2 times. Over the three months to Sep 30, 2026 they finished +0.2 pts and \u22120.4 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/usax-vs-usgg","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":6289,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / USAX vs USGG \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n USAX vs USGG: which held to its multiple?\n\n Over the days both have traded, USAX finished 0.2 points from its stated multiple and USGG 0.4.\n Copy this for sharing \n \n Tradr 2X Long USAR Daily ETF and Leverage Shares 2X Long USAR Daily ETF.\n\n Download as PDF \n\n \u221258.9% USAX returned, 3 months \n \u221259.4% USGG returned, 3 months \n +0.2 pts USAX from its stated multiple \n \u22120.4 pts USGG from its stated multiple \n\n ETFIQ Decay Resistance Score: USAX scores higher\n Did it keep up ","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/usax-vs-usgg","a":{"ticker":"USAX","name":"Tradr 2X Long USAR Daily ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: USAX returned \u221258.9% where its own daily promise gave \u221257.3%, 1.6 points short.","url":"https://etfiq.com/funds/usax","key_facts":[{"label":"What USAR did","value":"\u221229.5%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221257.3%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221258.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.6 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$8m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.49%","as_of":"2026-09-30","source":"485BPOS XBRL, Jan 12, 2026"}]},"b":{"ticker":"USGG","name":"Leverage Shares 2X Long USAR Daily ETF","issuer":"Leverage Shares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: USGG returned \u221259.4% where its own daily promise gave \u221257.3%, 2.2 points short.","url":"https://etfiq.com/funds/usgg","key_facts":[{"label":"What USAR did","value":"\u221229.5%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221257.3%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221259.4%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.2 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$11m","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, Jan 9, 2026"}]},"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/usax-vs-usgg"}