# MCHG (Leverage Shares 2X Long MCHP Daily ETF)

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

Three months to Sep 30, 2026: MCHG returned −30.7% where its own daily promise gave −27.1%, 3.6 points short.

## Key facts

- MCHG, what MCHP did: −11.8%, as of Sep 30, 2026.
- MCHG, what 2 times a day gives: −27.1%, as of Sep 30, 2026.
- MCHG, what the fund returned: −30.7%, as of Sep 30, 2026.
- MCHG, the fund itself cost: −3.6 pts, as of Sep 30, 2026.
- MCHG, net assets: $574,700 (issuer page, as of Sep 29, 2026).
- MCHG, expense ratio: 0.99% (485BPOS XBRL, Jun 9, 2026).

## MCHG over each window to Sep 30, 2026

| Window | Fund | MCHP | +2x the move | Difference | MCHP moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +9.4% | +5.9% | +11.8% | −2.3 pts | 36% |
| 3 months | −30.7% | −11.8% | −23.5% | −7.2 pts | 52% |
| Since launch | −41.4% | −18.2% | −36.4% | −5.1 pts | 55% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of MCHP, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.61 times, against +2 stated | ETFIQ |
| Underlying | MCHP | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $574,700 | 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 | 52% annualized | ETFIQ |

## Questions

### Did MCHG return +2 times MCHP?

Over the window to Sep 30, 2026, MCHP moved −11.8% and MCHG returned −30.7%. 2 times that move is −23.5%, so the fund came out 7.2 points short of it.

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

Because it resets daily. MCHG 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 MCHP 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, MCHG, data as of Sep 30, 2026. https://etfiq.com/funds/mchg
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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