# AMPU (Defiance Daily Target 2X Long AMPX ETF)

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

Three months to Sep 11, 2026: AMPU returned −75.8% where its own daily promise gave −72.2%, 3.6 points short.

## Key facts

- AMPU, what AMPX did: −42.1%, as of Sep 11, 2026.
- AMPU, what +2 times a day gives: −72.2%, as of Sep 11, 2026.
- AMPU, what the fund returned: −75.8%, as of Sep 11, 2026.
- AMPU, the fund itself cost: −3.6 pts, as of Sep 11, 2026.
- AMPU, net assets: $5m (source, as filed for Jun 30, 2026).
- AMPU, expense ratio: 1.31% (485BPOS XBRL, May 5, 2026).

## AMPU over each window to Sep 11, 2026

| Window | Fund | AMPX | +2x the move | Difference | AMPX moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −46.0% | −22.9% | −45.8% | −0.2 pts | 60% |
| 3 months | −75.8% | −42.1% | −84.2% | +8.4 pts | 83% |
| Since launch | −90.7% | −57.5% | −114.9% | +24.3 pts | 103% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of AMPX, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.8 times, against +2 stated | ETFIQ |
| Underlying | AMPX | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $5m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.31% | 485BPOS XBRL, May 5, 2026 |
| Launched | May 6, 2026 | ETFIQ |
| Underlying volatility over the window | 83% annualized | ETFIQ |

## Questions

### Did AMPU return +2 times AMPX?

Over the window to Sep 11, 2026, AMPX moved −42.1% and AMPU returned −75.8%. 2 times that move is −84.2%, so the fund came out 8.4 points ahead of it.

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

Because it resets daily. AMPU 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.


## Cite this page

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

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