Are XLPU and XLPX levered on the same thing?

Yes. Both are levered on State Street Consumer Staples Select Sector SPDR ETF, XLPU at +3 times and XLPX at +2 times the daily move.

Can I hold XLPU 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.

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XLPU vs XLPX: which held to its multiple?

XLPU returns +3 times XLP each day and XLPX +2 times, and they share no window yet. MicroSectors 3x Long Consumer Staples (XLP) ETNs and Corgi U.S. Consumer Staples 2x Daily ETF.

−7.5%

XLPU returned, since launch

−7.3%

XLPX returned, 3 months

−0.5 pts

XLPU from its stated multiple

−2.1 pts

XLPX from its stated multiple

XLPU · since launch to Sep 30, 2026On its stated multiple

XLPU returned −7.5% while 3 times XLP's move would have been −7.1%

XLPX · 3 months to Sep 30, 20262.1 pts short of its stated multiple

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	XLPU	XLPX	XLPU	XLPX	XLPU	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 XLPU Sep 2026 · XLPX Jun 2026	−7.5%	−4.5%	−7.1%	−1.1%	−0.5 pts	−3.4 pts

XLPU 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

XLPU

MicroSectors 3x Long Consumer Staples (XLP) ETNs · Aims to return three times the daily move of State Street Consumer Staples Select Sector SPDR ETF (XLP)

XLPX

Corgi U.S. Consumer Staples 2x Daily ETF · Aims to return twice the daily move of State Street Consumer Staples Select Sector SPDR ETF (XLP)

Issuer MicroSectors Corgi

Sets out to return +3x +2x

Underlying asset XLP XLP

Segment index sector

Fund returned, 3 months or since launch −7.5% −7.3%

Underlying returned, over that window −2.4% −2.6%

What the stated multiple implies, over that window −7.1% −5.2%

Difference from stated, over that window −0.5 pts −2.1 pts

Fund returned, 1 year or since launch −7.5% −4.5%

Difference from stated, over that window −0.5 pts −3.4 pts

Underlying volatility 12% 16%

Difference over the days both have traded no shared window −2.1 pts

Expense ratio not published 0.45%

Launched Sep 10, 2026 Jun 3, 2026

Net assets not published $359,646

XLPU and XLPX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

XLPU in plain words

Since launch to Sep 30, 2026: XLPU returned −7.5% where its own daily promise gave −7.1%, 0.4 points short. Read the multiple against the whole window instead and 3 times XLP's −2.4% implies −7.1%, which makes XLPU look 0.5 points short. 0.1 of that is daily compounding, which happens to any 3 times fund over the same path, and the rest is the fund. XLPU 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 XLPU and XLPX levered on the same thing?: Yes. Both are levered on State Street Consumer Staples Select Sector SPDR ETF, XLPU at +3 times and XLPX at +2 times the daily move.
Can I hold XLPU 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.

Other comparisons

XLPU vs SZK XLPU vs UGE XLPU vs XLPD XLPX vs SZK XLPX vs UGE XLPX vs XLPD

XLP →XLPU on its own →XLPX on its own →How every figure is computed →Standards and sources →

Where these figures came from

MicroSectors website ↗XLPX filings on SEC EDGAR ↗XLPX prospectus with the expense ratio (SEC) ↗Corgi 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, XLPU against XLPX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/xlpu-vs-xlpx

Open data

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