# MCHU (Tradr 2X Long MCHP Daily ETF)

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

Three months to Sep 30, 2026: MCHU returned −28.8% where its own daily promise gave −27.1%, 1.7 points short.

## Key facts

- MCHU, what MCHP did: −11.8%, as of Sep 30, 2026.
- MCHU, what 2 times a day gives: −27.1%, as of Sep 30, 2026.
- MCHU, what the fund returned: −28.8%, as of Sep 30, 2026.
- MCHU, the fund itself cost: −1.7 pts, as of Sep 30, 2026.
- MCHU, net assets: $495,883 (the issuer’s own daily fund list, as of Sep 30, 2026).
- MCHU, expense ratio: 1.30% (485BPOS XBRL, Oct 21, 2025).

## MCHU over each window to Sep 30, 2026

| Window | Fund | MCHP | +2x the move | Difference | MCHP moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +10.5% | +5.9% | +11.8% | −1.2 pts | 36% |
| 3 months | −28.8% | −11.8% | −23.5% | −5.2 pts | 52% |
| Since launch | −42.2% | −18.5% | −37.1% | −5.1 pts | 57% |

## 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 | +2.44 times, against +2 stated | ETFIQ |
| Underlying | MCHP | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $495,883 | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 1.30% | 485BPOS XBRL, Oct 21, 2025 |
| Launched | May 28, 2026 | ETFIQ |
| Underlying volatility over the window | 52% annualized | ETFIQ |

## Questions

### Did MCHU return +2 times MCHP?

Over the window to Sep 30, 2026, MCHP moved −11.8% and MCHU returned −28.8%. 2 times that move is −23.5%, so the fund came out 5.2 points short of it.

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

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

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