# MCHU (Tradr 2X Long MCHP Daily ETF)

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

Three months to Sep 11, 2026: MCHU returned −45.0% where its own daily promise gave −43.5%, 1.4 points short.

## Key facts

- MCHU, what MCHP did: −21.6%, as of Sep 11, 2026.
- MCHU, what +2 times a day gives: −43.5%, as of Sep 11, 2026.
- MCHU, what the fund returned: −45.0%, as of Sep 11, 2026.
- MCHU, the fund itself cost: −1.4 pts, as of Sep 11, 2026.
- MCHU, net assets: $839,666 (source, as filed for Jun 30, 2026).
- MCHU, expense ratio: 1.30% (485BPOS XBRL, Oct 21, 2025).

## MCHU over each window to Sep 11, 2026

| Window | Fund | MCHP | +2x the move | Difference | MCHP moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −12.9% | −6.0% | −12.0% | −0.9 pts | 30% |
| 3 months | −45.0% | −21.6% | −43.2% | −1.7 pts | 59% |
| Since launch | −47.0% | −22.3% | −44.5% | −2.5 pts | 60% |

## 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 | +2.08 times, against +2 stated | ETFIQ |
| Underlying | MCHP | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $839,666 | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.30% | 485BPOS XBRL, Oct 21, 2025 |
| Launched | May 28, 2026 | ETFIQ |
| Underlying volatility over the window | 59% annualized | ETFIQ |

## Questions

### Did MCHU return +2 times MCHP?

Over the window to Sep 11, 2026, MCHP moved −21.6% and MCHU returned −45.0%. 2 times that move is −43.2%, so the fund came out 1.7 points short of it.

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

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

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