WLDU vs WX: Leverage, Returns & Decay

Over the days both have traded, WLDU finished 3.2 points from its stated multiple and WX 2.7. Net assets on Oct 21, 2026: $3m for Leverage Shares 2X Long World Stock Daily ETF and $600,455 for Corgi All World 2x Daily ETF.

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Answers cite the figures on this page.

WX costs 0.55 points a year less; WLDU is 4.7 times larger.

Points (pts) are percentage points.

WLDU vs WX: Leverage, Returns & Decay
WLDUWX
Expense ratio0.75%0.20%
Net assets$3m$600,455
What it tracksVT (from its own objective)FTSE Global All Cap
Holdings in commonnot published
What its daily multiple gave, 3 months3.5%3.5%
Against its daily multiple, 3 months2.9 points short2.4 points short
What the underlying did, 3 monthsVT 1.9%VT 1.9%
+0.6%
WLDU returned, 3 months
+1.1%
WX returned, 3 months
−3.2 pts
WLDU from its stated multiple: compounding −0.3 pts, gap to the daily multiple −2.9 pts
−2.7 pts
WX from its stated multiple: compounding −0.3 pts, gap to the daily multiple −2.4 pts

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WLDU · 3 months to Oct 21, 20263.2 pts short of its stated multiple
3.2 pts short of its stated multipleWLDU returned +0.6% while 2 times VT's move would have been +3.8%. Figures from Jul 22, 2026 to Oct 21, 2026.VT +1.9% ×2 implies+3.8%WLDU returned+0.6%3.2 pts short of its stated multipleWLDU returned +0.6% while 2 times VT's move would have been +3.8%. Figures from Jul 22, 2026 to Oct 21, 2026.VT +1.9% ×2 implies+3.8%WLDU returned+0.6%

WLDU returned +0.6% while 2 times VT's move would have been +3.8%. Figures from Jul 22, 2026 to Oct 21, 2026.

WLDU returned +0.6% while 2 times VT's move would have been +3.8%. Figures from Jul 22, 2026 to Oct 21, 2026.

WX · 3 months to Oct 21, 20262.7 pts short of its stated multiple
2.7 pts short of its stated multipleWX returned +1.1% while 2 times VT's move would have been +3.8%. Figures from Jul 22, 2026 to Oct 21, 2026.VT +1.9% ×2 implies+3.8%WX returned+1.1%2.7 pts short of its stated multipleWX returned +1.1% while 2 times VT's move would have been +3.8%. Figures from Jul 22, 2026 to Oct 21, 2026.VT +1.9% ×2 implies+3.8%WX returned+1.1%

WX returned +1.1% while 2 times VT's move would have been +3.8%. Figures from Jul 22, 2026 to Oct 21, 2026.

Figures from Jul 22, 2026 to Oct 21, 2026.

ETFIQ 3-Month Tracking Score · WX scores higherDid it keep up with its own daily multiple, compounded day by day, over three months?
IQ Leverage Score44.4WLDU57.8WX

How closely it delivered its daily multiple over 3 months, ranked against 508 leveraged ETFs at 2x, over three months. 100 is best. How it is computed

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

A percentile among the 508 leveraged ETFs at 2x, over three months. Three months only, against the fund's own daily multiple; a different quarter can rank it very differently. All leveraged ETFs ranked by it →

Performance, window by window

Performance, window by window: WLDU vs WX: Leverage, Returns & Decay
Total returnMultiple would giveDifference
WindowWLDUWXWLDUWXWLDUWX
1 month−4.2%−3.8%−2.8%−2.8%−1.4 pts−1.0 pts
3 months+0.6%+1.1%+3.8%+3.8%−3.2 pts−2.7 pts
6 months+5.7%–+12.6%–−6.9 pts–
Since launch
Not the same days: WLDU Mar 2026 · WX Jun 2026
+14.5%−2.2%+23.4%+2.0%−8.9 pts−4.2 pts

Source: ETFIQ. – means no data for this window, usually because the fund is younger than it. Open this comparison in the app →

On the same fields

WLDU
Leverage Shares 2X Long World Stock Daily ETF · Aims to return twice the daily move of Vanguard Total World Stock Index ETF (VT)
WX
Corgi All World 2x Daily ETF · Aims to return twice the daily move of Vanguard Total World Stock Index ETF (VT)
Sets out to return +2x +2x
Underlying asset VT VT
Segment index index
Fund returned, 3 months +0.6% +1.1%
Underlying returned, over that window +1.9% +1.9%
What the stated multiple implies, over that window +3.8% +3.8%
Difference from stated, over that window −3.2 pts −2.7 pts
Fund returned, 1 year +14.5% (since launch, Mar 10, 2026) −2.2% (since launch, Jun 3, 2026)
Difference from stated, over that window −8.9 pts (since launch, Mar 10, 2026) −4.2 pts (since launch, Jun 3, 2026)
Underlying volatility 11% 11%
Difference over the days both have traded −3.2 pts −2.7 pts
Expense ratio 0.75% 0.20%
First traded Mar 10, 2026 Jun 3, 2026
Net assets $3m $600,455

As of Oct 21, 2026. Source: ETFIQ.

About WLDU

Read the multiple against the whole window instead and 2 times VT's 1.9% implies +3.8%, which makes WLDU look 3.2 points short. That is not the fund's objective, which is daily. Of that 3.2, daily compounding is −0.3 points, which any 2 times fund would show over the same path, and the fund itself is −2.9 points against 2 times each day's move, compounded. WLDU aims to return +2 times VT's move each day, then resets. Over one day it does that. Over longer periods the daily results compound, so the total is not +2 times the period's move: it is lower after a fall and recovery, and can be higher in a steady run. VT moved at 11% annualized over that window. The more it moves, the further the two figures separate.

Over the three months to Oct 21, 2026, WLDU returned 0.6%, against 3.5% for twice VT's daily moves.

About WX

Read the multiple against the whole window instead and 2 times VT's 1.9% implies +3.8%, which makes WX look 2.7 points short. Of that 2.7, daily compounding is −0.3 points, which any 2 times fund would show over the same path, and the fund itself is −2.4 points against 2 times each day's move, compounded. WX aims to return +2 times VT's move each day, then resets.

Over the three months to Oct 21, 2026, WX returned 1.1%, against 3.5% for twice VT's daily moves.

Questions people ask

Which came closer to its daily multiple, WLDU or WX?
Over the window to Oct 21, 2026, WLDU finished 3.2 points from what its multiple implies and WX finished 2.7 points from its own, so WX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are WLDU and WX levered on the same thing?
Yes. Both are levered on Vanguard Total World Stock Index ETF, WLDU at +2 times and WX at +2 times the daily move.
Which one decays faster, WLDU or WX?
Decay follows how much the underlying moves about. Over this window WLDU’s moved at 11% annualized and WX’s at 11%, so WLDU has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold WLDU or WX for a year?
Both reset every day, so the multiple in the name applies to a single day, and daily results compound. Over a year the total is not the multiple times the year’s move; after a fall and recovery it is lower.
Which is cheaper, WLDU or WX?
WLDU charges 0.75% a year and WX charges 0.20%, so WX is cheaper. Fees come from each fund's prospectus.
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Every figure is an ETFIQ calculation with distributions reinvested.

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ETFIQ, WLDU against WX, data as of Oct 21, 2026. https://etfiq.com/compare/leverage/wldu-vs-wx

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