# AMKL (Defiance Daily Target 2X Long AMKR ETF)

Defiance · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: AMKL returned −69.4% where its own daily promise gave −67.2%, 2.2 points short.

## Key facts

- AMKL, what AMKR did: −34.4%, as of Sep 30, 2026.
- AMKL, what 2 times a day gives: −67.2%, as of Sep 30, 2026.
- AMKL, what the fund returned: −69.4%, as of Sep 30, 2026.
- AMKL, the fund itself cost: −2.3 pts, as of Sep 30, 2026.
- AMKL, net assets: $7m (the issuer’s own daily fund list, as of Sep 30, 2026).
- AMKL, expense ratio: 1.31% (485BPOS XBRL, Aug 28, 2026).

## AMKL over each window to Sep 30, 2026

| Window | Fund | AMKR | +2x the move | Difference | AMKR moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +17.1% | +10.9% | +21.9% | −4.8 pts | 57% |
| 3 months | −69.4% | −34.4% | −68.8% | −0.6 pts | 91% |
| Since launch | −71.4% | −31.5% | −63.0% | −8.3 pts | 88% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of AMKR, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.02 times, against +2 stated | ETFIQ |
| Underlying | AMKR | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $7m | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 1.31% | 485BPOS XBRL, Aug 28, 2026 |
| Launched | May 5, 2026 | ETFIQ |
| Underlying volatility over the window | 91% annualized | ETFIQ |

## Questions

### Did AMKL return +2 times AMKR?

Over the window to Sep 30, 2026, AMKR moved −34.4% and AMKL returned −69.4%. 2 times that move is −68.8%, so the fund came out 0.6 points short of it.

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

Because it resets daily. AMKL 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 AMKR 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 figure itself.


## Cite this page

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

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