Ranked by the fund’s return minus what its stated multiple would have produced, three months, as of . Rebuilt every trading night.
The leveraged ETFs that beat their stated multiple
15 funds, ranked by the fund’s return minus what its stated multiple would have produced, three months, from the figures ETFIQ published on Sep 11, 2026. The field is the whole of the ranking: no score, no weighting and no view on any fund.
| # | Ticker | Fund | Issuer | Says | On | Fund returned | Label implied | Difference |
|---|---|---|---|---|---|---|---|---|
| 1 | LNOK | Defiance Daily Target 2X Long NOK ETF | Defiance | +2x | NOK | −3.8% | −48.8% | +45.0 pts |
| 2 | ETHD | ProShares UltraShort Ether ETF | ProShares | -2x | ETHA | −65.0% | −104.9% | +39.8 pts |
| 3 | BMNZ | Defiance Daily Target 2X Short BMNR ETF | Defiance | -2x | BMNR | −76.8% | −110.7% | +34.0 pts |
| 4 | VELL | Defiance Daily Target 2X Long VELO ETF | Defiance | +2x | VELO | −90.8% | −117.4% | +26.6 pts |
| 5 | NVTX | Tradr 2X Long NVTS Daily ETF | Tradr | +2x | NVTS | −81.9% | −100.6% | +18.7 pts |
| 6 | PLU | Defiance Daily Target 2X Long PL ETF | Defiance | +2x | PL | −77.5% | −94.4% | +16.9 pts |
| 7 | UNX | Tradr 2X Long U Daily ETF | Tradr | +2x | U | +139.0% | +122.8% | +16.2 pts |
| 8 | SETH | ProShares Short Ether ETF | ProShares | -1x | ETHA | −37.8% | −52.4% | +14.6 pts |
| 9 | LUNL | Defiance Daily Target 2X Long LUNR ETF | Defiance | +2x | LUNR | −78.6% | −92.2% | +13.6 pts |
| 10 | OSSL | Defiance Daily Target 2X Long OSS ETF | Defiance | +2x | OSS | −77.3% | −89.6% | +12.3 pts |
| 11 | TEUP | T-REX 2X LONG TE DAILY TARGET ETF | T-Rex | +2x | TE | −79.9% | −91.5% | +11.6 pts |
| 12 | CRD | Corgi CRDO 2x Daily ETF | Corgi | +2x | CRDO | −67.5% | −78.5% | +10.9 pts |
| 13 | BIS | ProShares UltraShort Nasdaq Biotechnolog | ProShares | -2x | IBB | −28.1% | −37.9% | +9.7 pts |
| 14 | ETHU | 2x Ether ETF | Volatility Shares | +2x | ETHA | +113.5% | +104.9% | +8.7 pts |
| 15 | AMPU | Defiance Daily Target 2X Long AMPX ETF | Defiance | +2x | AMPX | −75.8% | −84.2% | +8.4 pts |
Method
Compounding a levered daily return does not always cost the holder: in a steady run in one direction it pays them. These are the funds where it did. The ranking is the published field sorted, nothing else: no scoring, no weighting and no view on any fund. Every fund ETFIQ covers in this category is eligible, including funds that have closed, because leaving them out would flatter the category.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
A ranking is not a recommendation and no order on this site is an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources
Cite this page. ETFIQ, The leveraged ETFs that beat their stated multiple, ranked by the fund’s return minus what its stated multiple would have produced, data as of Sep 11, 2026. https://etfiq.com/rankings/leverage-closest-to-the-label Free to use with attribution; the underlying files are at Open data.