# MXLL (Leverage Shares 2X Long MXL Daily ETF)

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

One month to Sep 11, 2026: MXLL returned −8.1% where its own daily promise gave −7.0%, 1.1 points short.

## Key facts

- MXLL, what MXL did: +0.3%, as of Sep 11, 2026.
- MXLL, what +2 times a day gives: −7.0%, as of Sep 11, 2026.
- MXLL, what the fund returned: −8.1%, as of Sep 11, 2026.
- MXLL, the fund itself cost: −1.1 pts, as of Sep 11, 2026.
- MXLL, net assets: $698,500 (issuer page, as of Sep 10, 2026).
- MXLL, expense ratio: 0.99% (485BPOS XBRL, Aug 3, 2026).

## MXLL over each window to Sep 11, 2026

| Window | Fund | MXL | +2x the move | Difference | MXL moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −8.1% | +0.3% | +0.6% | −8.8 pts | 94% |
| Since launch | +6.1% | +8.0% | +16.1% | −10.0 pts | 95% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of MXL, reset daily | ETFIQ |
| Multiple a holder actually got over the window | MXL moved +0.3% over this window, too little to read a multiple from | ETFIQ |
| Underlying | MXL | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $698,500 | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.99% | 485BPOS XBRL, Aug 3, 2026 |
| Launched | Aug 11, 2026 | ETFIQ |
| Underlying volatility over the window | 94% annualized | ETFIQ |

## Questions

### Did MXLL return +2 times MXL?

Over the window to Sep 11, 2026, MXL moved +0.3% and MXLL returned −8.1%. 2 times that move is +0.6%, so the fund came out 8.8 points short of it.

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

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

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