# ECHX (Leverage Shares 2X Long ECHO Daily ETF)

Leverage Shares · Leveraged ETFs · data as of Oct 2, 2026

Three months to Oct 2, 2026: ECHX returned −20.6% where its own daily promise gave −16.9%, 3.7 points short.

## Key facts

- ECHX, what ECHO did: −7.1%, as of Oct 2, 2026.
- ECHX, what 2 times a day gives: −16.9%, as of Oct 2, 2026.
- ECHX, what the fund returned: −20.6%, as of Oct 2, 2026.
- ECHX, the fund itself cost: −3.7 pts, as of Oct 2, 2026.
- ECHX, net assets: $10m (issuer page, as of Oct 1, 2026).
- ECHX, expense ratio: 0.75% (issuer page, Oct 3, 2026).

## ECHX over each window to Oct 2, 2026

| Window | Fund | ECHO | +2x the move | Difference | ECHO moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +15.8% | +8.7% | +17.4% | −1.7 pts | 36% |
| 3 months | −20.6% | −7.1% | −14.3% | −6.3 pts | 39% |
| Since launch | −20.1% | −7.1% | −14.3% | −5.8 pts | 38% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of ECHO, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.89 times, against +2 stated | ETFIQ |
| Underlying | ECHO | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $10m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.75% | issuer page, Oct 3, 2026 |
| Launched | Jun 30, 2026 | ETFIQ |
| Underlying volatility over the window | 39% annualized | ETFIQ |

## Questions

### Did ECHX return +2 times ECHO?

Over the window to Oct 2, 2026, ECHO moved −7.1% and ECHX returned −20.6%. 2 times that move is −14.3%, so the fund came out 6.3 points short of it.

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

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

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