# AMPU (Defiance Daily Target 2X Long AMPX ETF)

Defiance · Leveraged ETFs · data as of Oct 2, 2026

Three months to Oct 2, 2026: AMPU returned −53.7% where its own daily promise gave −46.8%, 7.0 points short.

## Key facts

- AMPU, what AMPX did: −21.9%, as of Oct 2, 2026.
- AMPU, what 2 times a day gives: −46.8%, as of Oct 2, 2026.
- AMPU, what the fund returned: −53.7%, as of Oct 2, 2026.
- AMPU, the fund itself cost: −7.0 pts, as of Oct 2, 2026.
- AMPU, net assets: $4m (the issuer’s own daily fund list, as of Oct 1, 2026).
- AMPU, expense ratio: 1.31% (485BPOS XBRL, May 5, 2026).

## AMPU over each window to Oct 2, 2026

| Window | Fund | AMPX | +2x the move | Difference | AMPX moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −2.6% | +1.6% | +3.2% | −5.8 pts | 40% |
| 3 months | −53.7% | −21.9% | −43.8% | −9.9 pts | 72% |
| Since launch | −90.5% | −56.4% | −112.8% | +22.3 pts | 96% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of AMPX, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.45 times, against +2 stated | ETFIQ |
| Underlying | AMPX | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $4m | the issuer’s own daily fund list, as of Oct 1, 2026 |
| Expense ratio | 1.31% | 485BPOS XBRL, May 5, 2026 |
| Launched | May 6, 2026 | ETFIQ |
| Underlying volatility over the window | 72% annualized | ETFIQ |

## Questions

### Did AMPU return +2 times AMPX?

Over the window to Oct 2, 2026, AMPX moved −21.9% and AMPU returned −53.7%. 2 times that move is −43.8%, so the fund came out 9.9 points short of it.

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

Because it resets daily. AMPU 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, AMPU, data as of Oct 2, 2026. https://etfiq.com/funds/ampu
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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