SUIL 2x Sui ETF

Promise check: MissedOver three months to Oct 21, 2026, SUIL finished 11.7 points behind twice Sui's daily moves, compounded.

Aims to return twice the daily move of SuiVolatility Shares1.85% fee$7m on Oct 21, 2026First traded May 15, 2026Fund page at the issuer ↗SEC filings ↗Every Volatility Shares fund ETFIQ coversDividend history

Over the three months to Oct 21, 2026, SUIL returned 46.6%, against 58.3% for twice Sui's daily moves.

+36.1%
What Sui did
+58.3%
What 2 times a day gives
+46.6%
What the fund returned
−11.7 pts
Gap to 2 times a day
$0.0077
Last payment (paid monthly), ex-date Oct 21, 2026

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Price since launch, May 15, 2026

$10.41+4.4%1 day, priceClose, Oct 21, 2026

Price only. Total return over the same days, distributions reinvested, was −36.6%. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 21, 2026. Updated every trading night. Report a data error

What it aimed at, and what it did
9.3 pts short of its stated multipleSUIL returned −8.3% while 2 times Sui's move would have been +1.0%. Figures from Sep 21, 2026 to Oct 21, 2026.Sui +0.5% ×2 implies+1.0%SUIL returned−8.3%9.3 pts short of its stated multipleSUIL returned −8.3% while 2 times Sui's move would have been +1.0%. Figures from Sep 21, 2026 to Oct 21, 2026.Sui +0.5% ×2 implies+1.0%SUIL returned−8.3%

Over the 1 month to Oct 21, 2026, SUIL returned −8.3%, where 2 times that move implies +1.0%. The difference is −9.3 pts. Of that, daily compounding is −4.2 pts and the gap to 2 times each day's move compounded is −5.1 pts.

25.6 pts short of its stated multipleSUIL returned +46.6% while 2 times Sui's move would have been +72.2%. Figures from Jul 22, 2026 to Oct 21, 2026.Sui +36.1% ×2 implies+72.2%SUIL returned+46.6%25.6 pts short of its stated multipleSUIL returned +46.6% while 2 times Sui's move would have been +72.2%. Figures from Jul 22, 2026 to Oct 21, 2026.Sui +36.1% ×2 implies+72.2%SUIL returned+46.6%

Over the 3 months to Oct 21, 2026, SUIL returned +46.6%, where 2 times that move implies +72.2%. The difference is −25.6 pts. Of that, daily compounding is −13.9 pts and the gap to 2 times each day's move compounded is −11.7 pts.

26 pts short of its stated multipleSUIL returned −36.6% while 2 times Sui's move would have been −10.6%. Figures from May 15, 2026 to Oct 21, 2026.Sui −5.3% ×2 implies−10.6%SUIL returned−36.6%26 pts short of its stated multipleSUIL returned −36.6% while 2 times Sui's move would have been −10.6%. Figures from May 15, 2026 to Oct 21, 2026.Sui −5.3% ×2 implies−10.6%SUIL returned−36.6%

From launch to Oct 21, 2026, SUIL returned −36.6%, where 2 times that move implies −10.6%. The difference is −26.0 pts. Of that, daily compounding is −18.5 pts and the gap to 2 times each day's move compounded is −7.5 pts.

1.7
IQ Leverage ScoreETFIQ 3-Month Tracking Score500th of 508 · Oct 21, 2026
0.1 · lowest of 508 leveraged ETFs at 2x, over three months99.9 · highest

How closely it delivered its daily multiple over 3 months, ranked against 508 leveraged ETFs at 2x, over three months. 100 is best. How it is computed

SUIL finished 11.7 points short of what +2 times Sui’s daily move would have given, compounded through the same days.

points against its daily multiple, compounded−11.7 pts · 2nd pct
SUIL returns by window: total return, cash paid and price change
WindowTotal returnSui+2x the moveDifferenceSui moved about, annualized
1M Sep 21 – Oct 21, 2026−8.3%+0.5%+1.0%−9.3 pts71%
3M Jul 22 – Oct 21, 2026+46.6%+36.1%+72.2%−25.6 pts86%
Since launch May 15 – Oct 21, 2026−36.6%−5.3%−10.6%−26.0 pts78%

Total return at closing prices, distributions reinvested. +2x the move is +2 times the window's move. That is not the fund's objective, which is +2 times each day's move. Not shown: 6 months, year to date, 1 year and 3 years, which the fund has not been listed long enough to fill (listed May 2026); its since-launch row covers all of its record. Source: ETFIQ.

Source: Tiingo end-of-day prices, with distributions reinvested. Data as of Oct 21, 2026. Updated every trading night. Report a data error

Did it keep up with its own daily multiple, compounded day by day, over three months?

Points against its daily multiple, compounded
MRNX −51.5 ptsBLSG −26.5 ptsCRDX −15.9 ptsPUR −14.6 ptsXOVL −13.1 ptsMSTX −13.0 ptsTXXS −13.0 ptsMSTU −11.9 ptsBMNG −11.3 ptsNXPX −11.3 ptsGMEU −10.9 ptsNOWL −10.8 ptsMSTP −10.6 ptsPLTG −10.1 ptsSMCC −9.7 ptsNUG −9.6 ptsTXXD −9.4 ptsBMNU −9.3 ptsAVAZ −9.0 ptsSPCU −8.8 ptsPUL −8.7 ptsOSCX −8.6 ptsMSTC −8.3 ptsINFH −8.1 ptsNOWX −8.1 ptsXXRP −8.1 ptsCRMG −7.9 pts, and 2 more at this point: SPCH −7.9 pts, AMPU −7.8 ptsSMCX −7.6 ptsSTLU −7.6 ptsCRCA −7.5 pts, and 2 more at this point: PLTA −7.5 pts, SPCF −7.5 ptsCRCG −7.5 ptsCRMU −7.2 ptsCRWL −7.1 ptsETHT −7.1 ptsBEC −7.0 pts, and 1 more at this point: SPAX −6.9 ptsGLGG −6.8 ptsPOEL −6.6 ptsUMAL −6.5 ptsHPEL −6.4 pts, and 2 more at this point: SBTU −6.4 pts, RDWU −6.3 ptsLOFF −6.4 ptsHIMZ −6.2 pts, and 2 more at this point: OKTG −6.2 pts, XRPT −6.2 ptsIONX −6.1 pts, and 3 more at this point: ONDL −6.1 pts, TEMT −6.1 pts, UXRP −6.1 ptsBTCL −6.0 pts, and 4 more at this point: KMLI −6.0 pts, MVLL −6.0 pts, FIGG −5.9 pts, SMCL −5.9 ptsCOIG −6.0 ptsPLTL −5.7 pts, and 2 more at this point: RGTX −5.7 pts, SNAG −5.7 ptsPTIR −5.7 ptsBNMC −5.6 pts, and 5 more at this point: TEMC −5.5 pts, BITU −5.4 pts, EVMU −5.4 pts, LUNL −5.4 pts, VELL −5.4 ptsETU −5.6 ptsDUOG −5.2 ptsFUTG −5.2 ptsXCOM −5.2 ptsADBG −5.1 pts, and 11 more at this point: AFRU −5.1 pts, ETHU −5.1 pts, PLTU −5.1 pts, SHPU −5.1 pts, TDCL −5.1 pts, BEG −5.0 pts, BTCU −5.0 pts, ONDC −5.0 pts, TARK −5.0 pts, LNOK −4.9 pts, SNDC −4.9 ptsCRMX −4.8 pts, and 2 more at this point: RDTL −4.8 pts, SPOG −4.8 ptsMSFL −4.8 ptsNVDG −4.8 ptsAXTU −4.7 pts, and 9 more at this point: BBUL −4.7 pts, UPLT −4.7 pts, ANEL −4.6 pts, BITX −4.6 pts, MSFC −4.6 pts, NTAL −4.6 pts, COIA −4.5 pts, FDRX −4.5 pts, PBRG −4.5 ptsCONL −4.4 pts, and 4 more at this point: PDDL −4.4 pts, SOFX −4.4 pts, SOUX −4.4 pts, SPAL −4.4 ptsGEVC −4.4 ptsMSFX −4.4 ptsAXTL −4.3 pts, and 21 more at this point: BRZX −4.3 pts, CCUP −4.3 pts, CIR −4.3 pts, IBX −4.3 pts, METG −4.3 pts, PATX −4.3 pts, SLON −4.3 pts, TELG −4.3 pts, XAGI −4.3 pts, APHG −4.2 pts, ENTL −4.2 pts, GEVG −4.2 pts, GMEC −4.2 pts, MSFU −4.2 pts, MULL −4.2 pts, QSU −4.2 pts, KEYG −4.1 pts, NETG −4.1 pts, SOLT −4.1 pts, SPCM −4.1 pts, UCOP −4.1 ptsAMZG −4.0 pts, and 3 more at this point: SKHU −4.0 pts, VSTL −4.0 pts, XLEX −4.0 ptsHOOX −4.0 ptsMRVX −4.0 ptsAXTX −3.9 pts, and 15 more at this point: CRWC −3.9 pts, DRAL −3.9 pts, KTUP −3.9 pts, MSIX −3.9 pts, TSLT −3.9 pts, LLYX −3.8 pts, MUU −3.8 pts, NVDX −3.8 pts, OUSL −3.8 pts, UNHG −3.8 pts, UPAL −3.8 pts, COPZ −3.7 pts, ECHX −3.7 pts, LITU −3.7 pts, SNDU −3.7 ptsAAPE −3.6 pts, and 3 more at this point: RKLX −3.6 pts, ROBN −3.6 pts, SMTG −3.6 ptsAVXX −3.6 ptsFBX −3.6 ptsADIU −3.5 pts, and 27 more at this point: BULG −3.5 pts, CATG −3.5 pts, CONX −3.5 pts, HOOG −3.5 pts, MTSG −3.5 pts, QUBX −3.5 pts, TSMG −3.5 pts, XTAI −3.5 pts, ADBU −3.4 pts, RBLU −3.4 pts, RCAX −3.4 pts, TSMU −3.4 pts, APHU −3.3 pts, ASMG −3.3 pts, ASTG −3.3 pts, COTG −3.3 pts, FOMG −3.3 pts, IRE −3.3 pts, LULG −3.3 pts, MRVU −3.3 pts, NVDB −3.3 pts, ORCX −3.3 pts, PANG −3.3 pts, PYPG −3.3 pts, QCML −3.3 pts, XIWC −3.3 pts, XYZG −3.3 ptsAAPX −3.2 pts, and 11 more at this point: DJTU −3.2 pts, ELIL −3.2 pts, HOOC −3.2 pts, KEYX −3.2 pts, LMTL −3.2 pts, ORAC −3.2 pts, TSLG −3.2 pts, TSLL −3.2 pts, TWSC −3.2 pts, UMCX −3.2 pts, UNX −3.2 ptsAMDG −3.2 ptsBOEG −3.2 ptsIONL −3.1 pts, and 29 more at this point: IOSX −3.1 pts, JBLG −3.1 pts, NBIC −3.1 pts, SKHX −3.1 pts, TESC −3.1 pts, TSLI −3.1 pts, XEUR −3.1 pts, AMDL −3.0 pts, COIX −3.0 pts, ETNG −3.0 pts, FGRU −3.0 pts, HODU −3.0 pts, NVOX −3.0 pts, ONDG −3.0 pts, PYPU −3.0 pts, SNOU −3.0 pts, UPSX −3.0 pts, XBIX −3.0 pts, XLFX −3.0 pts, XW −3.0 pts, CIEG −2.9 pts, INTW −2.9 pts, ISUL −2.9 pts, MNSX −2.9 pts, NFLU −2.9 pts, RAM −2.9 pts, TSMX −2.9 pts, WLDU −2.9 pts, XLBX −2.9 ptsAMZU −2.8 pts, and 7 more at this point: GOOX −2.8 pts, GOU −2.8 pts, MCHG −2.8 pts, NXPG −2.8 pts, SKHL −2.8 pts, TXNU −2.8 pts, UECG −2.8 ptsAVGU −2.8 ptsBAIG −2.8 ptsAMAA −2.7 pts, and 49 more at this point: CARX −2.7 pts, CDNG −2.7 pts, DLLL −2.7 pts, FLYT −2.7 pts, INT −2.7 pts, NVC −2.7 pts, NVDL −2.7 pts, ORCU −2.7 pts, PALU −2.7 pts, TAJX −2.7 pts, TSLR −2.7 pts, XKRE −2.7 pts, XLIX −2.7 pts, XLKX −2.7 pts, XLYX −2.7 pts, ASTY −2.6 pts, BEX −2.6 pts, BTDL −2.6 pts, GRAG −2.6 pts, IREC −2.6 pts, LITX −2.6 pts, METU −2.6 pts, NVDU −2.6 pts, OKLL −2.6 pts, PLU −2.6 pts, QCMU −2.6 pts, RTXG −2.6 pts, SK −2.6 pts, TERG −2.6 pts, TTDU −2.6 pts, UGLD −2.6 pts, USX −2.6 pts, XHOA −2.6 pts, XLPX −2.6 pts, XOMX −2.6 pts, XQTM −2.6 pts, AAPU −2.5 pts, ASMZ −2.5 pts, DIG −2.5 pts, FBL −2.5 pts, HIMC −2.5 pts, ONDU −2.5 pts, OSSL −2.5 pts, RGTU −2.5 pts, RIOX −2.5 pts, SKYU −2.5 pts, SNDG −2.5 pts, VIAG −2.5 pts, WEBX −2.5 ptsACHX −2.4 pts, and 17 more at this point: AMKL −2.4 pts, AMUU −2.4 pts, ASMU −2.4 pts, AVGG −2.4 pts, BOEU −2.4 pts, CCPX −2.4 pts, CIEX −2.4 pts, CSCL −2.4 pts, FPSX −2.4 pts, GFSG −2.4 pts, GGLL −2.4 pts, GOOL −2.4 pts, RMBX −2.4 pts, UNHU −2.4 pts, USLV −2.4 pts, WX −2.4 pts, XPAV −2.4 ptsACLZ −2.4 ptsALBG −2.4 ptsAMA −2.3 pts, and 35 more at this point: ARMG −2.3 pts, AVGC −2.3 pts, EMXX −2.3 pts, GLWG −2.3 pts, LINT −2.3 pts, MPWC −2.3 pts, NVTX −2.3 pts, SMU −2.3 pts, STXL −2.3 pts, UN −2.3 pts, XLVX −2.3 pts, AXTC −2.2 pts, GEVX −2.2 pts, LITC −2.2 pts, NIOG −2.2 pts, ONG −2.2 pts, RDDC −2.2 pts, RMBC −2.2 pts, SIMX −2.2 pts, SKUU −2.2 pts, SOFA −2.2 pts, SOFC −2.2 pts, STXU −2.2 pts, TSEG −2.2 pts, XPEG −2.2 pts, AAPB −2.1 pts, AMAU −2.1 pts, AMDC −2.1 pts, ASUP −2.1 pts, AVGX −2.1 pts, KRWX −2.1 pts, NFX −2.1 pts, NFXL −2.1 pts, NUGT −2.1 pts, NVOC −2.1 ptsAAOG −2.0 pts, and 10 more at this point: EUVX −2.0 pts, IREX −2.0 pts, LABX −2.0 pts, MIC −2.0 pts, NBIG −2.0 pts, PLUL −2.0 pts, RVNL −2.0 pts, TERC −2.0 pts, XLUX −2.0 pts, XSEM −2.0 ptsAPLX −2.0 ptsCEGX −2.0 ptsFNGG −1.9 pts, and 26 more at this point: JNUG −1.9 pts, MPG −1.9 pts, NEBX −1.9 pts, AMZZ −1.8 pts, BABU −1.8 pts, CRUC −1.8 pts, ERX −1.8 pts, FNG −1.8 pts, MPWX −1.8 pts, NEMG −1.8 pts, RIVC −1.8 pts, SPYQ −1.8 pts, UBR −1.8 pts, UPSC −1.8 pts, USGG −1.8 pts, UUUG −1.8 pts, AAOX −1.7 pts, AVL −1.7 pts, BABC −1.7 pts, CRWG −1.7 pts, HUTG −1.7 pts, IONC −1.7 pts, KEEX −1.7 pts, NBIL −1.7 pts, NVTC −1.7 pts, WULX −1.7 ptsARMA −1.6 pts, and 11 more at this point: BIDG −1.6 pts, BRZU −1.6 pts, GLXU −1.6 pts, GOGL −1.6 pts, MRAL −1.6 pts, QBTX −1.6 pts, QNTU −1.6 pts, RKX −1.6 pts, TPLX −1.6 pts, UCC −1.6 pts, URSP −1.6 ptsBABX −1.6 ptsBIB −1.6 ptsAALG −1.5 pts, and 44 more at this point: ALA −1.5 pts, APMI −1.5 pts, ARCX −1.5 pts, ASTX −1.5 pts, COHH −1.5 pts, CRWX −1.5 pts, CWVX −1.5 pts, DDM −1.5 pts, JOBX −1.5 pts, MCHU −1.5 pts, RXL −1.5 pts, SSO −1.5 pts, UPV −1.5 pts, UXI −1.5 pts, UYG −1.5 pts, VRTL −1.5 pts, WYFL −1.5 pts, COZX −1.4 pts, CRD −1.4 pts, EFO −1.4 pts, EZJ −1.4 pts, GLX −1.4 pts, GUSH −1.4 pts, IREG −1.4 pts, LRNX −1.4 pts, OPEX −1.4 pts, QLD −1.4 pts, RGTC −1.4 pts, ROM −1.4 pts, SMUP −1.4 pts, SNXX −1.4 pts, SPUU −1.4 pts, TTMX −1.4 pts, UBRL −1.4 pts, UGE −1.4 pts, URE −1.4 pts, USAX −1.4 pts, UYM −1.4 pts, AGQ −1.3 pts, COHX −1.3 pts, LRCU −1.3 pts, LTL −1.3 pts, ONX −1.3 pts, QQXL −1.3 ptsACMM −1.2 pts, and 11 more at this point: CRWU −1.2 pts, CWEB −1.2 pts, EET −1.2 pts, INDL −1.2 pts, KLAG −1.2 pts, MVV −1.2 pts, OKLC −1.2 pts, ONTX −1.2 pts, SAA −1.2 pts, UWM −1.2 pts, WDCC −1.2 ptsAEHG −1.2 ptsAPPX −1.2 ptsCBRG −1.1 pts, and 17 more at this point: CLSX −1.1 pts, COHC −1.1 pts, CRDU −1.1 pts, UBOT −1.1 pts, WDCX −1.1 pts, XPP −1.1 pts, CAMC −1.0 pts, JOBC −1.0 pts, QUA −1.0 pts, STXX −1.0 pts, UGL −1.0 pts, UUUC −1.0 pts, APPC −0.9 pts, LRCC −0.9 pts, UPW −0.9 pts, UST −0.9 pts, VRC −0.9 ptsASTT −0.8 pts, and 2 more at this point: MHX −0.8 pts, UBT −0.8 ptsEOSU −0.8 ptsFCXG −0.8 ptsAMKX −0.7 pts, and 6 more at this point: LEUX −0.7 pts, CIFG −0.6 pts, CIFU −0.6 pts, CSEX −0.6 pts, CBRX −0.5 pts, UCTX −0.5 ptsCHAU −0.4 ptsCPXR −0.4 ptsTEUP −0.4 ptsXNDX −0.3 pts, and 3 more at this point: CIFC −0.2 pts, LASC −0.1 pts, SMRX −0.1 ptsGEMG 0.0 ptsEO +0.1 ptsKBDU +0.1 ptsUCO +0.1 ptsOPEG +1.0 ptsVALG +1.7 ptsKPDD +2.7 ptsKJD +4.5 ptsKBAB +5.6 ptsPONX +12.4 ptsCPNX +13.1 ptsSUIL −11.7 ptsSUIL −11.7 pts−51.5 pts+13.1 pts
−51.5 pts to +13.1 pts across 508

That is the share of the 508 leveraged ETFs at 2x, over three months sitting at or below SUIL.

Three months only, against the fund's own daily multiple; a different quarter can rank it very differently. Where the fund sits in this set, not a rating. Do not average it with another category's score.

The same trade from 2 issuers · One week

Every fund that sets out to return +2 times Sui, over the days all of them have been trading. Ranked by how close each came to its own stated multiple.

SUIL: The same trade from 2 issuers · One week
FundIssuerReturned+2x the moveDifference
SUILVolatility Shares+4.3%+4.2%+0.1 pts
TXXS21Shares+3.9%+4.2%−0.3 pts
The same trade from 2 issuers · One month
SUIL: The same trade from 2 issuers · One month
FundIssuerReturned+2x the moveDifference
TXXS21Shares−4.7%+1.0%−5.7 pts
SUILVolatility Shares−8.3%+1.0%−9.3 pts
The same trade from 2 issuers · Three months
SUIL: The same trade from 2 issuers · Three months
FundIssuerReturned+2x the moveDifference
SUILVolatility Shares+46.6%+72.2%−25.6 pts
TXXS21Shares+45.4%+72.2%−26.8 pts

Sui funds at +2x, to Oct 21, 2026. Source: ETFIQ.

Money in and out

Monthly figures · as of May 31, 2026

SUIL: in the month to May 31, 2026, net $935k came in, by its SEC filing.

Since Mar 2026
+$935k
Mar 1, 2026 to May 31, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions SUIL files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily figures for this fund, so its flows are monthly, and the latest month filed is May 2026. Every day and month ETFIQ holds for SUIL, back to Mar 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare SUIL with other funds in the flows tool

Month by month, money in and money outMar 2026 to May 2026

SUIL, money in and money out each month from Mar 2026 to May 2026: two bars a month, money in above the line and money out below. Every bar is from SUIL’s SEC filings (N-PORT item B.6). Of the 3 months listed, money came in on net in 1 and went out in 0.

Every bar is from SUIL’s SEC filings (N-PORT item B.6). Of the 3 months listed, money came in on net in 1 and went out in 0.

MonthInOutNet
May 2026 SEC Form N-PORT+$935k$0+$935k
Apr 2026 SEC Form N-PORT$0$0$0
Mar 2026 SEC Form N-PORT$0$0$0

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily figures; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of May 31, 2026. Updated when the fund files its next report. Report a data error

SUIL key stats

High since May 15, 2026, daily closes to Oct 21, 2026 (ETFIQ)$17.61 on May 21, 2026
Low since May 15, 2026, daily closes to Oct 21, 2026 (ETFIQ)$5.12 on Aug 18, 2026
Close on Oct 21, 2026, within that range (ETFIQ)$10.42, 42% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

About SUIL

Of that 25.6, daily compounding is −13.9 points, which any 2 times fund would show over the same path, and the fund itself is −11.7 points against 2 times each day's move, compounded.
Sets out to return+2 times the daily move of Sui, reset daily
Multiple a holder actually got over the window (ETFIQ)+1.29145 times, against +2 stated
UnderlyingSui
Segmentasset class, crypto
Net assets (issuer page, as of Oct 21, 2026)$7mReport
Expense ratio (497 XBRL, May 15, 2026)1.85%Report
First tradedMay 15, 2026
Underlying volatility over the window (ETFIQ)86% annualized
What the underlying did, 3 monthsSui 36.1%
How we measure
Read the multiple against the whole window instead and 2 times Sui's 36.1% implies +72.2%, which makes SUIL look 25.6 points short. That is not the fund's objective, which is daily. SUIL aims to return +2 times Sui's move each day, then resets. Over one day it does that. Over longer periods the daily results compound, so the total is not +2 times the period's move: it is lower after a fall and recovery, and can be higher in a steady run. Sui moved at 86% annualized over that window. The more it moves, the further the two figures separate.
Returns are ETFIQ calculations from Tiingo end-of-day prices, distributions reinvested, measured against the underlying over exactly the same days. How these figures are computed

Questions people ask about SUIL

Did SUIL return +2 times Sui?
Over the three months to Oct 21, 2026, Sui moved +36.1% and SUIL returned +46.6%. 2 times that move is +72.2%, so the fund came out 25.6 points short of it. That is not its objective, which is daily. Against 2 times each day's move, compounded, it was 11.7 points short.
Why does SUIL not return +2 times over a year?
Because it resets daily. SUIL aims at +2 times each day's move, and daily results compound. If the underlying falls and recovers, a holder ends up behind +2 times the period move; in a steady run in one direction, possibly ahead. The longer the holding and the more the underlying swings, the wider the gap.
Which +2x Sui ETF came closest to its daily multiple?
2 issuers sell one. The table on this page ranks them by how far each finished from 2 times the underlying's move, over the days all of them have traded.
Sources and dates
Prices, SUIL and SuiTiingo end-of-day prices ↗
Fee, 1.85%497 XBRL · May 15, 2026
Net assets, $7mIssuer page · Oct 21, 2026

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ETFIQ, SUIL, leveraged ETFs, data as of Oct 21, 2026. https://etfiq.com/funds/suil

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Stated multiple
What the fund sets out to return against its underlying, each day. A fund at 2x aims to return twice the underlying’s daily move, and an inverse fund at -2x aims to return twice it in the opposite direction.
Daily reset
The fund starts each day aiming at the multiple again, from wherever it now stands. It is the mechanism that makes these funds behave as they do, and the reason the stated multiple applies to a day rather than to a holding period.
Compounding
Daily results multiply together rather than adding up. Two days of the multiple is not twice the multiple, and over a run of days the difference between the two grows with how far the underlying moves about.
Decay
What compounding costs a holder when the underlying falls and rises back to where it started. The underlying is level and the fund is down; the more violently it moved, the further down.
Difference against the stated multiple
The fund’s return minus the stated multiple times the underlying’s return, in percentage points. The one figure that says whether a holder got what the fund’s own multiple describes.
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SUIL: SUIL returned +46.6% while 2 times Sui's move would have been +72.2%. Figures from Jul 22, 2026 to Oct 21, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/suil"><img src="https://etfiq.com/assistant/api/embed/leverage/suil.svg" alt="SUIL: SUIL returned +46.6% while 2 times Sui&#x27;s move would have been +72.2%. Figures from Jul 22, 2026 to Oct 21, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">SUIL: SUIL returned +46.6% while 2 times Sui&#x27;s move would have been +72.2%. Figures from Jul 22, 2026 to Oct 21, 2026. Data: <a href="https://etfiq.com/funds/suil">ETFIQ</a></figcaption>
</figure>

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