XLPD vs XLPX: which held to its multiple?
XLPD returns -3 times XLP each day and XLPX +2 times, and they share no window yet. MicroSectors -3x Short Consumer Staples (XLP) ETNs and Corgi U.S. Consumer Staples 2x Daily ETF.
XLPD returned +6.6% while −3 times XLP's move would have been +7.1%
XLPX returned −7.3% while 2 times XLP's move would have been −5.2%
Performance, window by window
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | XLPD | XLPX | XLPD | XLPX | XLPD | XLPX |
| 1 month | not published | −9.4% | not published | −9.1% | not published | −0.4 pts |
| 3 months | not published | −7.3% | not published | −5.2% | not published | −2.1 pts |
| Since launch XLPD Sep 2026 · XLPX Jun 2026 | +6.6% | −4.5% | +7.1% | −1.1% | −0.5 pts | −3.4 pts |
XLPD and XLPX over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
XLPD and XLPX on the same fields, as of Sep 30, 2026. Source: ETFIQ.
XLPD in plain words
Since launch to Sep 30, 2026: XLPD returned +6.6% where its own daily promise gave +6.9%, 0.3 points short. Read the multiple against the whole window instead and −3 times XLP's −2.4% implies +7.1%, which makes XLPD look 0.5 points short. 0.2 of that is daily compounding, which happens to any −3 times fund over the same path, and the rest is the fund. XLPD aims to return -3 times XLP'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. XLP moved at 12% 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.
XLPX in plain words
Three months to Sep 30, 2026: XLPX returned −7.3% where its own daily promise gave −5.7%, 1.5 points short. Read the multiple against the whole window instead and 2 times XLP's −2.6% implies −5.2%, which makes XLPX look 2.1 points short. 0.5 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. XLPX aims to return +2 times XLP'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. XLP moved at 16% annualized over that window.
Questions people ask
- Are XLPD and XLPX levered on the same thing?
- Yes. Both are levered on State Street Consumer Staples Select Sector SPDR ETF, XLPD at -3 times and XLPX at +2 times the daily move.
- Can I hold XLPD or XLPX 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.
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.
ETFIQ, XLPD against XLPX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/xlpd-vs-xlpx
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, XLPD against XLPX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/xlpd-vs-xlpx Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, XLPD against XLPX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/xlpd-vs-xlpx
- APA
- ETFIQ. (Sep 30, 2026). XLPD against XLPX. Retrieved from https://etfiq.com/compare/leverage/xlpd-vs-xlpx
- Markdown
- [XLPD against XLPX (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/xlpd-vs-xlpx)