WANT vs XLYX: which held to its multiple?

Over three months against its own daily promise, WANT finished 1.7 points short and XLYX 1.9 points short. Direxion Daily Consumer Discretionary Bull 3X ETF and Corgi U.S. Consumer Discretionary 2x Daily ETF.

−25.1%
WANT returned, 3 months
−17.4%
XLYX returned, 3 months
−2.2 pts
WANT from its stated multiple
−2.1 pts
XLYX from its stated multiple
WANT · 3 months to Sep 30, 20262.2 pts short of its stated multiple
2.2 pts short of its stated multipleWANT returned −25.1% while 3 times XLY's move would have been −22.9%XLY −7.6% ×3 implies−22.9%WANT returned−25.1%2.2 pts short of its stated multipleWANT returned −25.1% while 3 times XLY's move would have been −22.9%XLY −7.6% ×3 implies−22.9%WANT returned−25.1%

WANT returned −25.1% while 3 times XLY's move would have been −22.9%

XLYX · 3 months to Sep 30, 20262.1 pts short of its stated multiple
2.1 pts short of its stated multipleXLYX returned −17.4% while 2 times XLY's move would have been −15.3%XLY −7.6% ×2 implies−15.3%XLYX returned−17.4%2.1 pts short of its stated multipleXLYX returned −17.4% while 2 times XLY's move would have been −15.3%XLY −7.6% ×2 implies−15.3%XLYX returned−17.4%

XLYX returned −17.4% while 2 times XLY's move would have been −15.3%

ETFIQ Decay Resistance Score · WANT 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
WindowWANTXLYXWANTXLYXWANTXLYX
1 month−19.4%−13.3%−19.3%−12.9%−0.1 pts−0.5 pts
3 months−25.1%−17.4%−22.9%−15.3%−2.2 pts−2.1 pts
6 months−11.5%not published−1.4%not published−10.2 ptsnot published
1 year−38.2%not published−25.3%not published−12.9 ptsnot published
3 years+27.3%not published+115.8%not published−88.5 ptsnot published
Since launch
WANT Nov 2018 · XLYX Jun 2026
+36.5%−15.9%not meaningful−12.7%not meaningful−3.2 pts

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

On the same fields

WANT
Direxion Daily Consumer Discretionary Bull 3X ETF · Aims to return three times the daily move of State Street Consumer Discretionary Select Sector SPDR ETF (XLY)
XLYX
Corgi U.S. Consumer Discretionary 2x Daily ETF · Aims to return twice the daily move of State Street Consumer Discretionary Select Sector SPDR ETF (XLY)
Issuer Direxion Corgi
Sets out to return +3x +2x
Underlying asset XLY XLY
Segment sector sector
Fund returned, 3 months or since launch −25.1% −17.4%
Underlying returned, over that window −7.6% −7.6%
What the stated multiple implies, over that window −22.9% −15.3%
Difference from stated, over that window −2.2 pts −2.1 pts
Fund returned, 1 year or since launch −38.2% −15.9%
Difference from stated, over that window −12.9 pts −3.2 pts
Underlying volatility 19% 19%
Difference over the days both have traded no shared window −2.1 pts
Expense ratio 1.00% 0.45%
Launched Nov 29, 2018 Jun 3, 2026
Net assets $16m $309,775

WANT and XLYX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

WANT in plain words

Three months to Sep 30, 2026: WANT returned −25.1% where its own daily promise gave −23.4%, 1.7 points short. Read the multiple against the whole window instead and 3 times XLY's −7.6% implies −22.9%, which makes WANT look 2.2 points short. 0.5 of that is daily compounding, which happens to any 3 times fund over the same path, and the rest is the fund. WANT aims to return +3 times XLY's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +3 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. XLY moved at 19% 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.

XLYX in plain words

Three months to Sep 30, 2026: XLYX returned −17.4% where its own daily promise gave −15.5%, 1.9 points short. Read the multiple against the whole window instead and 2 times XLY's −7.6% implies −15.3%, which makes XLYX look 2.1 points short. 0.2 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. XLYX aims to return +2 times XLY's move each day, then resets. 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.

Questions people ask

Which came closer to its stated multiple, WANT or XLYX?
Over the window to Sep 30, 2026, WANT finished 2.2 points from what its multiple implies and XLYX finished 2.1 points from its own, so XLYX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are WANT and XLYX levered on the same thing?
Yes. Both are levered on State Street Consumer Discretionary Select Sector SPDR ETF, WANT at +3 times and XLYX at +2 times the daily move.
Which one decays faster, WANT or XLYX?
Decay follows how much the underlying moves about. Over this window WANT’s moved at 19% annualized and XLYX’s at 19%, so WANT has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold WANT or XLYX 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, WANT or XLYX?
WANT charges 1.00% a year and XLYX charges 0.45%, so XLYX is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, WANT against XLYX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/want-vs-xlyx

Open data

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