# STMX (Leverage Shares 2X Long STM Daily ETF)

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

Since launch to Sep 11, 2026: STMX returned +2.5% where its own daily promise gave +3.8%, 1.3 points short.

## Key facts

- STMX, what STM did: +2.2%, as of Sep 11, 2026.
- STMX, what +2 times a day gives: +3.8%, as of Sep 11, 2026.
- STMX, what the fund returned: +2.5%, as of Sep 11, 2026.
- STMX, the fund itself cost: −1.3 pts, as of Sep 11, 2026.
- STMX, expense ratio: not read by ETFIQ, as of Sep 11, 2026.
- STMX, underlying: STM, as of Sep 11, 2026.

## STMX over each window to Sep 11, 2026

| Window | Fund | STM | +2x the move | Difference | STM moved about |
| --- | --- | --- | --- | --- | --- |
| Since launch | +2.5% | +2.2% | +4.4% | −1.9 pts | 30% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of STM, reset daily | ETFIQ |
| Multiple a holder actually got over the window | STM moved +2.2% over this window, too little to read a multiple from | ETFIQ |
| Underlying | STM | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Aug 19, 2026 | ETFIQ |
| Underlying volatility over the window | 30% annualized | ETFIQ |

## Questions

### Did STMX return +2 times STM?

Over the window to Sep 11, 2026, STM moved +2.2% and STMX returned +2.5%. 2 times that move is +4.4%, so the fund came out 1.9 points short of it.

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

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

HTML: https://etfiq.com/funds/STMX  ·  JSON: https://etfiq.com/funds/STMX.json