{"url":"https://etfiq.com/rankings/leverage-furthest-from-the-label","section":"rankings","title":"Leveraged ETFs furthest below their multiple | ETFIQ","description":"AAOZ leads leveraged ETFs furthest below their multiple at \u221281.5 pts (difference, three months), as of Oct 27, 2026. A ranking is not a recommendation.","as_of":"Oct 27, 2026","structured_data":[{"@type":"ItemList","name":"Leveraged ETFs furthest below their multiple","numberOfItems":15,"itemListOrder":"https://schema.org/ItemListOrderDescending","itemListElement":[{"@type":"ListItem","position":1,"name":"AAOZ","url":"https://etfiq.com/funds/aaoz"},{"@type":"ListItem","position":2,"name":"SMZ","url":"https://etfiq.com/funds/smz"},{"@type":"ListItem","position":3,"name":"IREZ","url":"https://etfiq.com/funds/irez"},{"@type":"ListItem","position":4,"name":"NBIZ","url":"https://etfiq.com/funds/nbiz"},{"@type":"ListItem","position":5,"name":"MRNX","url":"https://etfiq.com/funds/mrnx"},{"@type":"ListItem","position":6,"name":"CORD","url":"https://etfiq.com/funds/cord"},{"@type":"ListItem","position":7,"name":"AXTL","url":"https://etfiq.com/funds/axtl"},{"@type":"ListItem","position":8,"name":"AXTX","url":"https://etfiq.com/funds/axtx"},{"@type":"ListItem","position":9,"name":"AXTU","url":"https://etfiq.com/funds/axtu"},{"@type":"ListItem","position":10,"name":"AXTC","url":"https://etfiq.com/funds/axtc"},{"@type":"ListItem","position":11,"name":"CBRZ","url":"https://etfiq.com/funds/cbrz"},{"@type":"ListItem","position":12,"name":"APLZ","url":"https://etfiq.com/funds/aplz"},{"@type":"ListItem","position":13,"name":"CRMX","url":"https://etfiq.com/funds/crmx"},{"@type":"ListItem","position":14,"name":"QBTZ","url":"https://etfiq.com/funds/qbtz"},{"@type":"ListItem","position":15,"name":"ASTN","url":"https://etfiq.com/funds/astn"}]},{"@type":"Dataset","name":"Leveraged ETFs furthest below their multiple","description":"AAOZ leads leveraged ETFs furthest below their multiple at \u221281.5 pts (difference, three months), as of Oct 27, 2026. A ranking is not a recommendation.","url":"https://etfiq.com/rankings/leverage-furthest-from-the-label","dateModified":"2026-10-27","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creditText":"ETFIQ (etfiq.com)","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Rankings","item":"https://etfiq.com/rankings/"},{"@type":"ListItem","position":3,"name":"Leveraged ETFs furthest below their multip...","item":"https://etfiq.com/rankings/leverage-furthest-from-the-label"}]},{"@type":"WebPage","name":"Leveraged ETFs furthest below their multiple","description":"AAOZ leads leveraged ETFs furthest below their multiple at \u221281.5 pts (difference, three months), as of Oct 27, 2026. A ranking is not a recommendation.","url":"https://etfiq.com/rankings/leverage-furthest-from-the-label","dateModified":"2026-10-27","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":3916,"truncated":false,"content":"ETFIQ / Rankings / Leveraged ETFs furthest below their multip... \n \n As of Oct 27, 2026 . Rebuilt every trading night.\n Leveraged ETFs furthest below their multiple\n See 15 funds ranked by the fund\u2019s return minus its multiple of the underlying\u2019s move, three months. Updated Oct 27, 2026.\n Leveraged ETFs furthest below their multiple, ranked by the fund\u2019s return minus its multiple of the underlying\u2019s move, as of Oct 27, 2026. Source: ETFIQ. # Ticker Fund Issuer Says Underlying asset Underlying did Fund returned Multiple of that move Difference \n 1 AAOZ Tradr 2X Short AAOI Daily ETF Tradr -2x AAOI \u221212.7% \u221256.1% +25.4% \u221281.5 pts \n 2 SMZ Tradr 2X Short SMR Daily ETF Tradr -2x SMR \u221230.7% \u221217.8% +61.4% \u221279.2 pts \n 3 IREZ Tradr 2X Short IREN Daily ETF Tradr -2x IREN \u221219.1% \u221240.2% +38.2% \u221278.4 pts \n 4 NBIZ Tradr 2X Short NBIS Daily ETF Tradr -2x NBIS +0.5% \u221275.9% \u22121.0% \u221274.9 pts \n 5 MRNX Defiance Daily Target 2X Long MRNA ETF Defiance +2x MRNA +272.7% +471.4% +545.4% \u221274.0 pts \n 6 CORD T-REX 2X INVERSE CRWV DAILY TARGET ETF T-REX -2x CRWV \u221211.5% \u221248.4% +23.0% \u221271.4 pts \n 7 AXTL Leverage Shares 2X Long AXTI Daily ETF Leverage Shares +2x AXTI +36.2% +4.7% +72.4% \u221267.7 pts \n 8 AXTX Tradr 2X Long AXTI Daily ETF Tradr +2x AXTI +36.2% +4.7% +72.4% \u221267.7 pts \n 9 AXTU T-REX 2X LONG AXTI DAILY TARGET ETF T-REX +2x AXTI +36.2% +4.8% +72.4% \u221267.6 pts \n 10 AXTC Corgi AXTI 2x Daily ETF Corgi +2x AXTI +36.2% +7.9% +72.4% \u221264.5 pts \n 11 CBRZ Tradr 2X Short CBRS Daily ETF Tradr -2x CBRS \u221238.1% +15.6% +76.2% \u221260.6 pts \n 12 APLZ Tradr 2X Short APLD Daily ETF Tradr -2x APLD \u221226.7% \u22123.5% +53.4% \u221256.9 pts \n 13 CRMX Tradr 2X Long CRML Daily ETF Tradr +2x CRML +43.6% +36.1% +87.2% \u221251.1 pts \n 14 QBTZ Defiance Daily Target 2X Short QBTS ETF Defiance -2x QBTS \u221231.2% +12.0% +62.4% \u221250.4 pts \n 15 ASTN Defiance Daily Target 2X Short ASTS ETF Defiance -2x ASTS \u221225.8% +1.6% +51.6% \u221250.0 pts \n \n Method\n A fund that says two times returns two times the underlying\u2019s daily move, compounded. Over a quarter that is not two times the quarter\u2019s move. The table gives what the underlying did, what the fund returned, and the difference, in percentage points. It is calculated from the fund and its underlying over the same days, not a judgment about either. The list sorts one published number, with no scoring or weighting. Every fund ETFIQ covers in this category is eligible, closed funds included.\n Where to next\n Sources\n The multiple each fund states in its own registered name, from the SEC investment company series and class file SEC EDGAR, full-text search of fund filings SEC Form N-PORT, what a fund filed it holds Rule 19a-1, what a distribution notice must say Links are sources, not endorsements.\n A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources \n Cite this page. ETFIQ, Leveraged ETFs furthest below their multiple, ranked by the fund\u2019s return minus its multiple of the underlying\u2019s move, data as of Oct 27, 2026. https://etfiq.com/rankings/leverage-furthest-from-the-label Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, Leveraged ETFs furthest below their multiple, ranked by the fund\u2019s return minus its multiple of the underlying\u2019s move, data as of Oct 27, 2026. https://etfiq.com/rankings/leverage-furthest-from-the-label APA ETFIQ. (Oct 27, 2026). Leveraged ETFs furthest below their multiple, ranked by the fund\u2019s return minus its multiple of the underlying\u2019s move. Retrieved from https://etfiq.com/rankings/leverage-furthest-from-the-label Markdown [Leveraged ETFs furthest below their multiple, ranked by the fund\u2019s return minus its multiple of the underlying\u2019s move (ETFIQ, Oct 27, 2026)](https://etfiq.com/rankings/leverage-furthest-from-the-label)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, Leveraged ETFs furthest below their multiple, ranked by the fund\u2019s return minus its multiple of the underlying\u2019s move, data as of Oct 27, 2026. https://etfiq.com/rankings/leverage-furthest-from-the-label"}