# AXTL (Leverage Shares 2X Long AXTI Daily ETF)

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

Three months to Sep 30, 2026: AXTL returned −26.1% where its own daily promise gave −21.7%, 4.4 points short.

## Key facts

- AXTL, what AXTI did: +19.0%, as of Sep 30, 2026.
- AXTL, what 2 times a day gives: −21.7%, as of Sep 30, 2026.
- AXTL, what the fund returned: −26.1%, as of Sep 30, 2026.
- AXTL, the fund itself cost: −4.4 pts, as of Sep 30, 2026.
- AXTL, net assets: $8m (issuer page, as of Sep 29, 2026).
- AXTL, expense ratio: 0.99% (485BPOS XBRL, Jun 9, 2026).

## AXTL over each window to Sep 30, 2026

| Window | Fund | AXTI | +2x the move | Difference | AXTI moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +49.5% | +27.7% | +55.4% | −5.9 pts | 109% |
| 3 months | −26.1% | +19.0% | +38.1% | −64.2 pts | 158% |
| Since launch | −66.9% | −16.8% | −33.6% | −33.3 pts | 154% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of AXTI, reset daily | ETFIQ |
| Multiple a holder actually got over the window | -1.37 times, against +2 stated | ETFIQ |
| Underlying | AXTI | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $8m | issuer page, as of Sep 29, 2026 |
| Expense ratio | 0.99% | 485BPOS XBRL, Jun 9, 2026 |
| Launched | Jun 16, 2026 | ETFIQ |
| Underlying volatility over the window | 158% annualized | ETFIQ |

## Questions

### Did AXTL return +2 times AXTI?

Over the window to Sep 30, 2026, AXTI moved +19.0% and AXTL returned −26.1%. 2 times that move is +38.1%, so the fund came out 64.2 points short of it.

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

Because it resets daily. AXTL 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 AXTI ETF tracked its stated multiple most closely?

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

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