# XLPD (MicroSectors -3x Short Consumer Staples (XLP) ETNs)

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

Since launch to Sep 30, 2026: XLPD returned +6.6% where its own daily promise gave +6.9%, 0.3 points short.

## Key facts

- XLPD, what XLP did: −2.4%, as of Sep 30, 2026.
- XLPD, what −3 times a day gives: +6.9%, as of Sep 30, 2026.
- XLPD, what the fund returned: +6.6%, as of Sep 30, 2026.
- XLPD, the fund itself cost: −0.3 pts, as of Sep 30, 2026.
- XLPD, net assets: an exchange traded note holds no assets; it is the issuing bank’s unsecured debt, as of Sep 30, 2026.
- XLPD, expense ratio: not read by ETFIQ, as of Sep 30, 2026.

## XLPD over each window to Sep 30, 2026

| Window | Fund | XLP | -3x the move | Difference | XLP moved about |
| --- | --- | --- | --- | --- | --- |
| Since launch | +6.6% | −2.4% | +7.1% | −0.5 pts | 12% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -3 times the daily move of XLP, reset daily | ETFIQ |
| Multiple a holder actually got over the window | XLP moved −2.4% over this window, too little to read a multiple from | ETFIQ |
| Underlying | XLP | ETFIQ |
| Segment | sector or country, index | ETFIQ |
| Net assets | an exchange traded note holds no assets; it is the issuing bank’s unsecured debt | ETFIQ |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Sep 10, 2026 | ETFIQ |
| Underlying volatility over the window | 12% annualized | ETFIQ |

## Questions

### Did XLPD return -3 times XLP?

Over the window to Sep 30, 2026, XLP moved −2.4% and XLPD returned +6.6%. −3 times that move is +7.1%, so the fund came out 0.5 points short of it.

### Why does XLPD not return -3 times over a year?

Because it resets daily. XLPD aims at -3 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 -3 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, XLPD, data as of Sep 30, 2026. https://etfiq.com/funds/xlpd
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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