# MCHG (Leverage Shares 2X Long MCHP Daily ETF)

Leverage Shares · Leveraged ETFs · data as of Sep 11, 2026

One month to Sep 11, 2026: MCHG returned −13.6% where its own daily promise gave −12.3%, 1.2 points short.

## Key facts

- MCHG, what MCHP did: −6.0%, as of Sep 11, 2026.
- MCHG, what +2 times a day gives: −12.3%, as of Sep 11, 2026.
- MCHG, what the fund returned: −13.6%, as of Sep 11, 2026.
- MCHG, the fund itself cost: −1.3 pts, as of Sep 11, 2026.
- MCHG, net assets: $482,300 (issuer page, as of Sep 10, 2026).
- MCHG, expense ratio: 0.99% (485BPOS XBRL, Jun 9, 2026).

## MCHG over each window to Sep 11, 2026

| Window | Fund | MCHP | +2x the move | Difference | MCHP moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −13.6% | −6.0% | −12.0% | −1.6 pts | 30% |
| Since launch | −45.9% | −21.9% | −43.9% | −2.1 pts | 58% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of MCHP, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.26 times, against +2 stated | ETFIQ |
| Underlying | MCHP | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $482,300 | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.99% | 485BPOS XBRL, Jun 9, 2026 |
| Launched | Jun 16, 2026 | ETFIQ |
| Underlying volatility over the window | 30% annualized | ETFIQ |

## Questions

### Did MCHG return +2 times MCHP?

Over the window to Sep 11, 2026, MCHP moved −6.0% and MCHG returned −13.6%. 2 times that move is −12.0%, so the fund came out 1.6 points short of it.

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

Because it resets daily. MCHG 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 MCHP 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, MCHG, data as of Sep 11, 2026. https://etfiq.com/funds/MCHG
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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