# ASTY (Defiance Daily Target 2X Long ASTS ETF)

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

Three months to Sep 11, 2026: ASTY returned −62.0% where its own daily promise gave −58.4%, 3.6 points short.

## Key facts

- ASTY, what ASTS did: −27.4%, as of Sep 11, 2026.
- ASTY, what +2 times a day gives: −58.4%, as of Sep 11, 2026.
- ASTY, what the fund returned: −62.0%, as of Sep 11, 2026.
- ASTY, the fund itself cost: −3.6 pts, as of Sep 11, 2026.
- ASTY, net assets: $15m (source, as filed for Jun 30, 2026).
- ASTY, expense ratio: 1.31% (485BPOS XBRL, Apr 22, 2026).

## ASTY over each window to Sep 11, 2026

| Window | Fund | ASTS | +2x the move | Difference | ASTS moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −39.6% | −19.4% | −38.9% | −0.7 pts | 74% |
| 3 months | −62.0% | −27.4% | −54.7% | −7.2 pts | 98% |
| Since launch | −76.0% | −37.8% | −75.6% | −0.4 pts | 111% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of ASTS, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.26 times, against +2 stated | ETFIQ |
| Underlying | ASTS | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $15m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.31% | 485BPOS XBRL, Apr 22, 2026 |
| Launched | May 21, 2026 | ETFIQ |
| Underlying volatility over the window | 98% annualized | ETFIQ |

## Questions

### Did ASTY return +2 times ASTS?

Over the window to Sep 11, 2026, ASTS moved −27.4% and ASTY returned −62.0%. 2 times that move is −54.7%, so the fund came out 7.2 points short of it.

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

Because it resets daily. ASTY 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 ASTS ETF tracked its stated multiple most closely?

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

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