# AMKL (Defiance Daily Target 2X Long AMKR ETF)

Defiance · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: AMKL returned −72.7% where its own daily promise gave −70.5%, 2.2 points short.

## Key facts

- AMKL, what AMKR did: −37.4%, as of Sep 11, 2026.
- AMKL, what +2 times a day gives: −70.5%, as of Sep 11, 2026.
- AMKL, what the fund returned: −72.7%, as of Sep 11, 2026.
- AMKL, the fund itself cost: −2.3 pts, as of Sep 11, 2026.
- AMKL, expense ratio: 1.31% (485BPOS XBRL, Aug 28, 2026).
- AMKL, underlying: AMKR, as of Sep 11, 2026.

## AMKL over each window to Sep 11, 2026

| Window | Fund | AMKR | +2x the move | Difference | AMKR moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −19.4% | −6.8% | −13.6% | −5.8 pts | 72% |
| 3 months | −72.7% | −37.4% | −74.8% | +2.1 pts | 94% |
| Since launch | −71.2% | −32.4% | −64.7% | −6.4 pts | 91% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of AMKR, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.94 times, against +2 stated | ETFIQ |
| Underlying | AMKR | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Expense ratio | 1.31% | 485BPOS XBRL, Aug 28, 2026 |
| Launched | May 5, 2026 | ETFIQ |
| Underlying volatility over the window | 94% annualized | ETFIQ |

## Questions

### Did AMKL return +2 times AMKR?

Over the window to Sep 11, 2026, AMKR moved −37.4% and AMKL returned −72.7%. 2 times that move is −74.8%, so the fund came out 2.1 points ahead of it.

### Why does AMKL not return +2 times over a year?

Because it resets daily. AMKL aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x AMKR ETF tracked its stated multiple most closely?

2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, AMKL, data as of Sep 11, 2026. https://etfiq.com/funds/AMKL
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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