# AMAU (Leverage Shares 2X Long AMAT Daily ETF)

Leverage Shares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: AMAU returned −46.5% where its own daily promise gave −44.3%, 2.3 points short.

## Key facts

- AMAU, what AMAT did: −21.4%, as of Sep 30, 2026.
- AMAU, what 2 times a day gives: −44.3%, as of Sep 30, 2026.
- AMAU, what the fund returned: −46.5%, as of Sep 30, 2026.
- AMAU, the fund itself cost: −2.3 pts, as of Sep 30, 2026.
- AMAU, net assets: $25m (issuer page, as of Sep 29, 2026).
- AMAU, expense ratio: 0.75% (485BPOS XBRL, May 6, 2026).

## AMAU over each window to Sep 30, 2026

| Window | Fund | AMAT | +2x the move | Difference | AMAT moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +20.1% | +11.6% | +23.1% | −3.0 pts | 49% |
| 3 months | −46.5% | −21.4% | −42.7% | −3.8 pts | 65% |
| Since launch | +8.3% | +18.9% | +37.7% | −29.4 pts | 74% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of AMAT, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.18 times, against +2 stated | ETFIQ |
| Underlying | AMAT | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $25m | issuer page, as of Sep 29, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, May 6, 2026 |
| Launched | May 12, 2026 | ETFIQ |
| Underlying volatility over the window | 65% annualized | ETFIQ |

## Questions

### Did AMAU return +2 times AMAT?

Over the window to Sep 30, 2026, AMAT moved −21.4% and AMAU returned −46.5%. 2 times that move is −42.7%, so the fund came out 3.8 points short of it.

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

Because it resets daily. AMAU 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 AMAT ETF tracked its stated multiple most closely?

3 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 figure itself.


## Cite this page

ETFIQ, AMAU, data as of Sep 30, 2026. https://etfiq.com/funds/amau
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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