# STMX (Leverage Shares 2X Long STM Daily ETF)

Leverage Shares · Leveraged ETFs · data as of Oct 9, 2026

One month to Oct 9, 2026: STMX returned −1.3% where its own daily promise gave +0.1%, 1.4 points short.

## Key facts

- STMX, what STM did: +1.2%, as of Oct 9, 2026.
- STMX, what 2 times a day gives: +0.1%, as of Oct 9, 2026.
- STMX, what the fund returned: −1.3%, as of Oct 9, 2026.
- STMX, the fund itself cost: −1.4 pts, as of Oct 9, 2026.
- STMX, net assets: $290,400 (issuer page, as of Oct 8, 2026).
- STMX, expense ratio: 0.99% (issuer page, Oct 10, 2026).

## STMX over each window to Oct 9, 2026

| Window | Fund | STM | +2x the move | Difference | STM moved about, annualized |
| --- | --- | --- | --- | --- | --- |
| 1 month | −1.3% | +1.2% | +2.3% | −3.6 pts | 49% |
| Since launch | +1.9% | +3.5% | +6.9% | −5.0 pts | 43% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of STM, reset daily | ETFIQ |
| Multiple a holder actually got over the window | STM moved +1.2% over this window, too little to read a multiple from | ETFIQ |
| Underlying | STM | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $290,400 | issuer page, as of Oct 8, 2026 |
| Expense ratio | 0.99% | issuer page, Oct 10, 2026 |
| First traded | Aug 19, 2026 | ETFIQ |
| Underlying volatility over the window | 49% annualized | ETFIQ |

## Money in and out, to Oct 8, 2026

Monthly figures only. Oct 2026: $0, from ETFIQ, the sum of its days, Oct 6 to Oct 8.

Computed by ETFIQ from the change in shares outstanding times the previous day’s NAV. Every day and month: https://etfiq.com/data/flows/funds/stmx.json. Method: https://etfiq.com/methodology/flows

## Questions

### Did STMX return +2 times STM?

Over the month to Oct 9, 2026, STM moved +1.2% and STMX returned −1.3%. 2 times that move is +2.3%, so the fund came out 3.6 points short of it. Against its own daily promise, 2 times each day's move compounded, it was 1.4 points short.

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

Because it resets daily. STMX 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, STMX, leveraged ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/stmx
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at https://etfiq.com/data/.

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