What this quarter found

490 of the 595 leveraged and inverse ETFs that traded the whole quarter finished behind their own stated multiple, by a median of 2.27 percentage points.
Direction decides the sign. Long funds ran a median 2.65 points behind and inverse funds 1.58 ahead, because a short position earns interest on its collateral and a long one pays it.
The widest gap was QBTZ at −24.88 pts, and the size of a gap tracks how far the underlying moved rather than how well the fund is run.

The problem

You bought a fund with 2x in its name. The thing it tracks rose over the quarter. You did not make twice what it rose, and nobody told you in advance how much less you would make or why. The fund did nothing wrong and its prospectus said so, in a paragraph about daily rebalancing that reads like boilerplate until it costs you money.

The reason it is hard to check is that no one publishes the comparison. A leveraged ETF promises a multiple of the underlying’s move over a single day, then resets. Over a quarter the honest benchmark is that promise compounded day by day, which is not the multiple times the quarter’s move and is not on any fact sheet. Working it out needs every fund’s own stated multiple, its own underlying, and the daily path of both.

What happened in the third quarter of 2026

Of the 595 leveraged and inverse ETFs that traded the whole quarter, 490 finished behind their own stated multiple and 104 finished ahead. The median fund was 2.27 percentage points behind.

The direction of the fund decides the sign. Long funds ran a median 2.65 points behind; inverse funds a median 1.58 points ahead. That is not inverse funds being better run. A short position sits on collateral and the collateral earns interest, which lands in the fund and offsets the cost of running it. It is why ETFIQ ranks long and inverse funds in separate sets and never against each other.

Stated multiple	Funds	Median gap
+4x	1	−6.89
+3x	35	−2.18
+2x	433	−2.71
+1.25x	1	−0.69
-1x	32	+1.46
-1.5x	1	+1.39
-2x	70	+1.43
-3x	22	+3.41

Median gap to its own stated multiple, by multiple, 2026-Q3. Source: ETFIQ.

433 of the 595 funds are +2x. This desk is mostly one multiple, and that multiple ran a median 2.71 points behind its own promise.

Every long multiple finished behind and every inverse one ahead, with no group crossing the line: 4 long and 4 inverse.

The furthest behind is +4x at 6.89 points on 1 fund, and the furthest ahead is -3x at 3.41 on 22.

A group of one or two funds is one or two funds. 3 of these 8 rows hold fewer than three, so what is printed as their median is those funds themselves.

Why the gap is there

Three things sit inside it and none of them is the market. The fee, which is charged daily on the leveraged exposure rather than on what you put in. The cost of financing that exposure, which is interest paid on a long fund and interest earned on an inverse one, and is the whole of why the two signs differ above. And the slippage of rebalancing every single day, which is the fund buying after a rise and selling after a fall, for ever, because that is what holding a constant multiple requires.

What is not in it is compounding. Compounding is in the promise: it is already inside the figure each fund is measured against, because that figure is the multiple applied to each day and carried forward. This is the residual after the mechanic has been accounted for, which is why it can be read as what the fund cost its holder to run.

The widest gap in the third quarter of 2026 was QBTZ, filed as -2 times QBTS. QBTS returned −29.49% over the quarter, which compounded day by day at -2 implies +9.62%. The fund returned −15.26%, which is −24.88 pts short of its own promise.

One of 595 funds measured over 64 trading days. Percentage points.

Closest and furthest, inside each multiple

The table of 595 funds below is sorted on the gap, which puts every +2x on a stock that doubled at the top of it. That ranks the underlyings. Inside one stated multiple the funds are answering the same question, so this is the comparison that is about the funds: the closest to its own promise and the furthest from it, in each multiple with at least three funds in it.

Multiple	Funds	Closest	Gap	Furthest	Gap
+3x	35	TPOR IYT	−1.38	GDXU GDX	−9.87
+2x	433	LMNX LMND	+13.95	BMNG BMNR	−21.71
-1x	32	TSLS TSLA	+2.12	SVIX VIXY	−0.89
-2x	70	BIS IBB	+5.10	QBTZ QBTS	−24.88
-3x	22	TYO IEF	+4.68	GDXD GDX	+0.07

Closest to and furthest from its own stated multiple, within each multiple, 2026-Q3. Source: ETFIQ.

Not a ranking of how well these funds are run beyond the quarter measured, and not a recommendation. A fund at the top of one multiple can sit at the bottom of the next quarter, and the underlying it happens to track moves the figure further than anything the manager does.

Every fund, 2026-Q3

All 595 funds, furthest behind its own promise first. The underlying’s return and the fund’s are total returns with distributions reinvested, on the same days. Figures in percentage points.

50 of 595 funds · click a column to sort

Ticker	Fund	Multiple	Underlying asset	Underlying	Its promise implied	The fund returned	Gap ↑	Decay Resistance percentile
QBTZ	Defiance Daily Target 2X Short QBTS ETF	-2	QBTS	−29.49	+9.62	−15.26	−24.88	0.4
BMNG	Leverage Shares 2X Long BMNR Daily ETF	+2	BMNR	+86.78	+198.02	+176.31	−21.71	0.1
RKLZ	Defiance Daily Target 2X Short RKLB ETF	-2	RKLB	−30.37	+42.37	+20.91	−21.46	1.2
BMNU	T-REX 2X LONG BMNR DAILY TARGET ETF	+2	BMNR	+86.78	+198.02	+176.78	−21.24	0.3
MRNX	Defiance Daily Target 2X Long MRNA ETF	+2	MRNA	+165.61	+226.28	+208.90	−17.38	0.5
MSTX	Defiance Daily Target 2X Long MSTR ETF	+2	MSTR	+63.93	+130.04	+114.30	−15.74	0.7
IONZ	Defiance Daily Target 2X Short IONQ ETF	-2	IONQ	−14.67	−12.14	−26.11	−13.97	2.0
SMCX	Defiance Daily Target 2X Long SMCI ETF	+2	SMCI	+48.54	+86.92	+72.98	−13.94	1.0
SMCC	Corgi SMCI 2x Daily ETF	+2	SMCI	+48.54	+86.92	+73.43	−13.49	1.2
MSTU	T-REX 2X LONG MSTR DAILY TARGET ETF	+2	MSTR	+63.93	+130.04	+116.95	−13.09	1.4
MSTP	GraniteShares 2x Long MSTR Daily ETF	+2	MSTR	+63.93	+130.04	+118.18	−11.86	1.6
ETHT	ProShares Ultra Ether ETF	+2	ETHA	+65.05	+157.48	+145.70	−11.78	1.8
RGTZ	Defiance Daily Target 2X Short RGTI ETF	-2	RGTI	−15.74	−11.69	−21.98	−10.29	2.8
GDXU	MicroSectors Gold Miners 3X Leveraged ETN	+3	GDX	+16.96	+35.26	+25.39	−9.87	2.0
SLON	ProShares Ultra Solana ETF	+2	GSOL	+53.86	+119.15	+109.73	−9.42	2.2
SMCL	GraniteShares 2x Long SMCI Daily ETF	+2	SMCI	+48.54	+86.92	+77.54	−9.38	2.4
ASTN	Defiance Daily Target 2X Short ASTS ETF	-2	ASTS	−31.64	+26.35	+17.02	−9.33	3.6
GMEU	T-REX 2X LONG GME DAILY TARGET ETF	+2	GME	+8.88	+13.24	+4.25	−8.99	2.7
EVMU	Direxion Daily Ether Bull 2X ETF	+2	ETHA	+65.05	+157.48	+148.57	−8.91	2.9
MSTC	Corgi MSTR 2x Daily ETF	+2	MSTR	+63.93	+130.04	+121.15	−8.89	3.1
XXRP	Teucrium 2x Long Daily XRP ETF	+2	XRPR	+39.66	+73.38	+64.84	−8.54	3.3
XOVL	Defiance Daily Target 2X Long XOVR ETF	+2	XOVR	+1.18	+0.79	−7.70	−8.49	3.5
SOLT	2x Solana ETF	+2	GSOL	+53.86	+119.15	+110.69	−8.46	3.7
ONDL	Defiance Daily Target 2X Long ONDS ETF	+2	ONDS	−7.45	−26.63	−35.07	−8.44	3.9
SBTU	T-REX 2X LONG SBET DAILY TARGET ETF	+2	SBET	+79.50	+180.19	+171.94	−8.25	4.1
CRCA	ProShares Ultra CRCL	+2	CRCL	+32.64	+47.62	+39.67	−7.95	4.4
HPEL	Leverage Shares 2X Long HPE Daily ETF	+2	HPE	+45.71	+90.72	+83.03	−7.69	4.6
CRWL	GraniteShares 2x Long CRWD Daily ETF	+2	CRWD	+37.04	+67.66	+59.98	−7.68	4.8
FNGU	MicroSectors FANG+ 3X Leveraged ETNs	+3	FNGS	+12.22	+37.30	+29.64	−7.66	5.0
INFH	Defiance Daily Target 2X Long INFQ ETF	+2	INFQ	+4.18	−8.54	−16.17	−7.63	5.2
BLSG	Leverage Shares 2X Long BLSH Daily ETF	+2	BLSH	+38.29	+64.90	+57.29	−7.61	5.4
UMAL	Defiance Daily Target 2X Long UMAC ETF	+2	UMAC	+5.43	−19.65	−27.12	−7.47	5.6
CRCG	Leverage Shares 2X Long CRCL Daily ETF	+2	CRCL	+32.64	+47.62	+40.17	−7.45	5.9
SOUX	Defiance Daily Target 2X Long SOUN ETF	+2	SOUN	−9.88	−25.50	−32.90	−7.40	6.1
POEL	Defiance Daily Target 2X Long POET ETF	+2	POET	−22.89	−51.48	−58.73	−7.25	6.3
SPYU	MAX S&P 500 4X Leveraged ETNs due October 30,	+4	SPY	+2.52	+8.49	+1.60	−6.89	6.5
RGTX	Defiance Daily Target 2X Long RGTI ETF	+2	RGTI	−15.74	−38.81	−45.55	−6.74	6.7
KORU	Direxion Daily MSCI South Korea Bull 3X ETF	+3	EWY	−1.47	−26.63	−33.27	−6.64	6.9
ETHU	2x Ether ETF	+2	ETHA	+65.05	+157.48	+150.88	−6.60	7.1
IRE	Defiance Daily Target 2X Long IREN ETF	+2	IREN	−5.63	−33.08	−39.63	−6.55	7.3
NETG	Leverage Shares 2X Long NET Daily ETF	+2	NET	+40.99	+83.21	+76.69	−6.52	7.6
PLTG	Leverage Shares 2X Long PLTR Daily ETF	+2	PLTR	+48.77	+98.66	+92.23	−6.43	7.8
BITU	ProShares Ultra Bitcoin ETF	+2	IBIT	+39.24	+87.06	+80.77	−6.29	8.0
BIB	ProShares Ultra Nasdaq Biotechnology	+2	IBB	+10.74	+20.87	+14.66	−6.21	8.3
ETU	T-Rex 2X Long Ether Daily Target ETF	+2	ETHA	+65.05	+157.48	+151.27	−6.21	8.3
SMTG	Leverage Shares 2X Long SMTC Daily ETF	+2	SMTC	+21.30	+17.14	+11.00	−6.14	8.6
BTCL	T-REX 2X LONG BITCOIN DAILY TARGET ETF	+2	IBIT	+39.24	+87.06	+80.95	−6.11	8.9
PLTA	ProShares Ultra PLTR	+2	PLTR	+48.77	+98.66	+92.55	−6.11	8.9
SPCQ	Defiance Daily Target 2X Short [SpaceX] ETF	-2	SPCX	−4.24	−25.14	−31.15	−6.01	4.4
OKTG	Leverage Shares 2X Long OKTA Daily ETF	+2	OKTA	+48.88	+96.04	+90.04	−6.00	9.3
UPLT	ProShares Ultra Platinum K-1 Free ETF	+2	PPLT	+7.84	+12.69	+6.73	−5.96	9.5
UXRP	ProShares Ultra XRP ETF	+2	XRPR	+39.66	+73.38	+67.45	−5.93	9.7
NOWL	GraniteShares 2x Long NOW Daily ETF	+2	NOW	+26.66	+48.71	+42.91	−5.80	9.9
MUU	Direxion Daily MU Bull 2X ETF	+2	MU	+3.20	−7.15	−12.91	−5.76	10.2
XRPT	Volatility Shares Trust XRP 2X ETF	+2	XRPR	+39.66	+73.38	+67.62	−5.76	10.2
CCUP	T-REX 2X LONG CRCL DAILY TARGET ETF	+2	CRCL	+32.64	+47.62	+41.91	−5.71	10.5
SMZ	Tradr 2X Short SMR Daily ETF	-2	SMR	−22.17	−10.22	−15.86	−5.64	5.2
DJTU	T-REX 2X LONG DJT DAILY TARGET ETF	+2	DJT	+12.97	+16.66	+11.07	−5.59	10.7
CRMG	Leverage Shares 2X Long CRM Daily ETF	+2	CRM	+40.90	+84.09	+78.51	−5.58	11.0
FUTG	Leverage Shares 2X Long FUTU Daily ETF	+2	FUTU	+10.64	+15.62	+10.06	−5.56	11.2
COIG	Leverage Shares 2X Long COIN Daily ETF	+2	COIN	+17.06	+19.52	+14.00	−5.52	11.4
COIA	ProShares Ultra COIN	+2	COIN	+17.06	+19.52	+14.08	−5.44	11.6
VELL	Defiance Daily Target 2X Long VELO ETF	+2	VELO	−32.28	−65.22	−70.64	−5.42	11.8
ANEL	Defiance Daily Target 2X Long ANET ETF	+2	ANET	+22.19	+39.40	+34.00	−5.40	12.0
AMPU	Defiance Daily Target 2X Long AMPX ETF	+2	AMPX	−28.77	−56.14	−61.48	−5.34	12.2
BTCU	Direxion Daily Bitcoin Bull 2X ETF	+2	IBIT	+39.24	+87.06	+81.79	−5.27	12.4
SHNY	MicroSectors Gold 3X Leveraged ETNs due Januar	+3	GLD	+2.76	+3.65	−1.61	−5.26	12.7
AXTU	T-REX 2X LONG AXTI DAILY TARGET ETF	+2	AXTI	+19.04	−21.74	−26.96	−5.22	12.9
OSCX	Defiance Daily Target 2X Long OSCR ETF	+2	OSCR	−3.32	−13.18	−18.38	−5.20	13.1
CONL	GraniteShares 2x Long COIN Daily ETF	+2	COIN	+17.06	+19.52	+14.34	−5.18	13.3
MULL	GraniteShares 2x Long MU Daily ETF	+2	MU	+3.20	−7.15	−12.29	−5.14	13.5
IONX	Defiance Daily Target 2X Long IONQ ETF	+2	IONQ	−14.67	−36.87	−41.99	−5.12	13.7
COPZ	Defiance Daily Target 2X Long Copper Miners ET	+2	COPX	+12.50	+21.22	+16.14	−5.08	13.9
RIOX	Defiance Daily Target 2X Long RIOT ETF	+2	RIOT	−15.90	−42.93	−48.00	−5.07	14.1
RDWU	T-REX 2X LONG RDW DAILY TARGET ETF	+2	RDW	−12.78	−35.41	−40.31	−4.90	14.4
FIGG	Leverage Shares 2X Long FIG Daily ETF	+2	FIG	+7.85	−0.94	−5.81	−4.87	14.6
UMCX	Corgi UMC 2x Daily ETF	+2	UMC	−3.16	−16.14	−20.99	−4.85	14.8
BITX	2x Bitcoin Strategy ETF	+2	IBIT	+39.24	+87.06	+82.29	−4.77	15.0
UPAL	ProShares Ultra Palladium K-1 Free ETF	+2	PALL	−1.00	−6.22	−10.98	−4.76	15.2
PLTU	Direxion Daily PLTR Bull 2X ETF	+2	PLTR	+48.77	+98.66	+93.93	−4.73	15.4
UCOP	ProShares Ultra Copper K-1 Free ETF	+2	CPER	+6.91	+12.76	+8.04	−4.72	15.6
LUNL	Defiance Daily Target 2X Long LUNR ETF	+2	LUNR	−29.50	−57.22	−61.89	−4.67	16.0
SPCU	Defiance Daily Target 2X Long [SpaceX] ETF	+2	SPCX	−4.24	−18.65	−23.32	−4.67	16.0
NVDX	T-REX 2X LONG NVIDIA DAILY TARGET ETF	+2	NVDA	+15.72	+29.19	+24.59	−4.60	16.4
PYPG	Leverage Shares 2X Long PYPL Daily ETF	+2	PYPL	+19.50	+34.11	+29.51	−4.60	16.4
MSFL	GraniteShares 2x Long MSFT Daily ETF	+2	MSFT	+33.72	+72.88	+68.29	−4.59	16.7
PDDL	GraniteShares 2x Long PDD Daily ETF	+2	PDD	−5.55	−12.40	−16.98	−4.58	16.9
AEHG	Leverage Shares 2X Long AEHR Daily ETF	+2	AEHR	+18.00	−12.52	−17.09	−4.57	17.1
PTIR	GraniteShares 2x Long PLTR Daily ETF	+2	PLTR	+48.77	+98.66	+94.10	−4.56	17.4
TEMT	Tradr 2X Long TEM Daily ETF	+2	TEM	+32.95	+47.18	+42.62	−4.56	17.4
TSMU	GraniteShares 2x Long TSM Daily ETF	+2	TSM	+2.96	+2.99	−1.50	−4.49	17.8
ADIU	Leverage Shares 2X Long ADI Daily ETF	+2	ADI	+2.30	+2.03	−2.45	−4.48	18.0
MSFX	T-REX 2X LONG MICROSOFT DAILY TARGET ETF	+2	MSFT	+33.72	+72.88	+68.42	−4.46	18.2
MIC	Corgi MU 2x Daily ETF	+2	MU	+3.20	−7.15	−11.57	−4.42	18.4
AXTL	Leverage Shares 2X Long AXTI Daily ETF	+2	AXTI	+19.04	−21.74	−26.15	−4.41	18.6
LITU	T-REX 2X LONG LITE DAILY TARGET ETF	+2	LITE	+21.23	+17.31	+12.93	−4.38	18.8
HIMZ	Defiance Daily Target 2X Long HIMS ETF	+2	HIMS	−20.71	−47.62	−51.99	−4.37	19.0
AXTX	Tradr 2X Long AXTI Daily ETF	+2	AXTI	+19.04	−21.74	−26.09	−4.35	19.3
PYPU	Direxion Daily PYPL Bull 2X ETF	+2	PYPL	+19.50	+34.11	+29.79	−4.32	19.5
FCXG	Leverage Shares 2X Long FCX Daily ETF	+2	FCX	+15.93	+27.85	+23.55	−4.30	19.7
KEYG	Leverage Shares 2X Long KEYS Daily ETF	+2	KEYS	+8.47	+12.75	+8.46	−4.29	20.0
PLTL	Corgi PLTR 2x Daily ETF	+2	PLTR	+48.77	+98.66	+94.37	−4.29	20.0
SNDU	T-REX 2X LONG SNDK DAILY TARGET ETF	+2	SNDK	−14.38	−47.70	−51.97	−4.27	20.3
ADBG	Leverage Shares 2X Long ADBE Daily ETF	+2	ADBE	+13.73	+22.22	+17.98	−4.24	20.5
AMDL	GraniteShares 2x Long AMD Daily ETF	+2	AMD	+13.10	+14.95	+10.73	−4.22	20.7
GEMG	Leverage Shares 2X Long GEMI Daily ETF	+2	GEMI	+12.66	+1.39	−2.78	−4.17	21.0
HOOX	Defiance Daily Target 2X Long HOOD ETF	+2	HOOD	+3.54	−4.34	−8.48	−4.14	21.3
MVLL	GraniteShares 2x Long MRVL Daily ETF	+2	MRVL	−2.86	−20.35	−24.49	−4.14	21.3
XAGI	Corgi AGIX 2x Daily ETF	+2	AGIX	+3.73	+5.22	+1.10	−4.12	21.6
SOFX	Defiance Daily Target 2X Long SOFI ETF	+2	SOFI	−14.75	−32.12	−36.23	−4.11	21.8
ONDG	Leverage Shares 2X Long ONDS Daily ETF	+2	ONDS	−7.45	−26.63	−30.73	−4.10	22.0
DUOG	Leverage Shares 2X Long DUOL Daily ETF	+2	DUOL	+17.48	+24.76	+20.68	−4.08	22.2
TELG	Leverage Shares 2X Long TEL Daily ETF	+2	TEL	+5.19	+7.98	+3.91	−4.07	22.4
CRWG	Leverage Shares 2X Long CRWV Daily ETF	+2	CRWV	+1.67	−17.26	−21.32	−4.06	22.9
DRAL	Defiance Daily Target 2X Long DRAM ETF	+2	DRAM	−8.35	−28.48	−32.54	−4.06	22.9
SNDC	Corgi SNDK 2x Daily ETF	+2	SNDK	−14.38	−47.70	−51.76	−4.06	22.9
SOXL	Direxion Daily Semiconductor Bull 3X ETF	+3	SOXX	−5.12	−27.94	−31.99	−4.05	23.3
XTAI	Corgi Taiwan 2x Daily ETF	+2	EWT	+6.82	+10.88	+6.84	−4.04	23.5
MSFU	Direxion Daily MSFT Bull 2X ETF	+2	MSFT	+33.72	+72.88	+68.88	−4.00	23.7
CLSX	Tradr 2X Long CLSK Daily ETF	+2	CLSK	−5.43	−27.47	−31.45	−3.98	24.0
CONX	Direxion Daily COIN Bull 2X ETF	+2	COIN	+17.06	+19.52	+15.54	−3.98	24.0
ROBN	T-REX 2X LONG HOOD DAILY TARGET ETF	+2	HOOD	+3.54	−4.34	−8.31	−3.97	24.4
KEYX	Corgi KEYS 2x Daily ETF	+2	KEYS	+8.47	+12.75	+8.79	−3.96	24.7
SPCF	ProShares Ultra SpaceX	+2	SPCX	−4.24	−18.65	−22.61	−3.96	24.7
SNOU	T-REX 2X LONG SNOW DAILY TARGET ETF	+2	SNOW	+30.00	+60.64	+56.72	−3.92	25.2
SPCH	Leverage Shares 2X Long SPCX Daily ETF	+2	SPCX	−4.24	−18.65	−22.57	−3.92	25.2
TWSC	Corgi TSM 2x Daily ETF	+2	TSM	+2.96	+2.99	−0.93	−3.92	25.2
STXU	Leverage Shares 2X Long STX Daily ETF	+2	STX	+0.86	−11.90	−15.79	−3.89	25.6
SNAG	Leverage Shares 2X Long SNAP Daily ETF	+2	SNAP	+13.68	+19.19	+15.31	−3.88	25.9
HOOG	Leverage Shares 2X Long HOOD Daily ETF	+2	HOOD	+3.54	−4.34	−8.20	−3.86	26.1
LNOK	Defiance Daily Target 2X Long NOK ETF	+2	NOK	−21.06	−44.20	−48.02	−3.82	26.3
AVXX	Defiance Daily Target 2X Long AVAV ETF	+2	AVAV	−17.52	−39.14	−42.91	−3.77	26.5
APHG	Leverage Shares 2X Long APH Daily ETF	+2	APH	−1.95	−7.82	−11.57	−3.75	26.8
MSFC	Corgi MSFT 2x Daily ETF	+2	MSFT	+33.72	+72.88	+69.13	−3.75	26.8
ARCX	Tradr 2X Long ACHR Daily ETF	+2	ACHR	+1.02	−12.21	−15.93	−3.72	27.2
QSU	Defiance Daily Target 2X Long QS ETF	+2	QS	−38.96	−66.49	−70.21	−3.72	27.2
LITX	Tradr 2X Long LITE Daily ETF	+2	LITE	+21.23	+17.31	+13.61	−3.70	27.6
LOFF	Direxion Daily SpaceX Bull 2X ETF	+2	SPCX	−4.24	−18.65	−22.34	−3.69	27.8
YINN	Direxion Daily FTSE China Bull 3X ETF	+3	FXI	+6.41	+17.85	+14.18	−3.67	28.0
MCHG	Leverage Shares 2X Long MCHP Daily ETF	+2	MCHP	−11.77	−27.09	−30.73	−3.64	28.2
RAM	Roundhill Daily 2X Long Memory ETF	+2	DRAM	−8.35	−28.48	−32.11	−3.63	28.4
RMBX	Tradr 2X Long RMBS Daily ETF	+2	RMBS	−13.79	−33.77	−37.37	−3.60	28.6
QUBX	Tradr 2X Long QUBT Daily ETF	+2	QUBT	−10.39	−27.44	−31.03	−3.59	28.8
ASTG	Leverage Shares 2X Long ASTS Daily ETF	+2	ASTS	−31.64	−61.18	−64.71	−3.53	29.3
ONDU	Tradr 2X Long ONDS Daily ETF	+2	ONDS	−7.45	−26.63	−30.16	−3.53	29.3
RCAX	Defiance Daily Target 2X Long RCAT ETF	+2	RCAT	−38.77	−68.10	−71.63	−3.53	29.3
FBX	Corgi META 2x Daily ETF	+2	META	+18.40	+32.24	+28.73	−3.51	29.7
VALG	Leverage Shares 2X Long VALE Daily ETF	+2	VALE	−7.39	−16.18	−19.67	−3.49	29.9
APHU	T-REX 2X LONG APH DAILY TARGET ETF	+2	APH	−1.95	−7.82	−11.30	−3.48	30.4
INTW	GraniteShares 2x Long INTC Daily ETF	+2	INTC	−5.35	−21.36	−24.84	−3.48	30.4
STXL	Defiance Daily Target 2X Long STX ETF	+2	STX	+0.86	−11.90	−15.38	−3.48	30.4
VSTL	Defiance Daily Target 2X Long VST ETF	+2	VST	−9.52	−21.42	−24.90	−3.48	30.4
PONX	Tradr 2X Long PONY Daily ETF	+2	PONY	−10.29	−24.93	−28.39	−3.46	31.0
TSMG	Leverage Shares 2X Long TSM Daily ETF	+2	TSM	+2.96	+2.99	−0.46	−3.45	31.2
COIX	Corgi COIN 2x Daily ETF	+2	COIN	+17.06	+19.52	+16.09	−3.43	31.4
LRNX	Corgi LRN 2x Daily ETF	+2	LRN	−11.96	−27.13	−30.55	−3.42	31.6
ASMG	Leverage Shares 2X Long ASML Daily ETF	+2	ASML	−1.57	−7.30	−10.71	−3.41	31.8
FGRU	T-REX 2X LONG FIGR DAILY TARGET ETF	+2	FIGR	−11.69	−34.12	−37.52	−3.40	32.0
URAA	Direxion Daily Uranium Industry Bull 2X ETF	+2	URA	−7.71	−18.89	−22.28	−3.39	32.2
OKLL	Defiance Daily Target 2X Long OKLO ETF	+2	OKLO	−29.42	−57.84	−61.22	−3.38	32.4
SPAX	T-REX 2X Long SpaceX Daily Target ETF	+2	SPCX	−4.24	−18.65	−22.02	−3.37	32.7
IREX	Tradr 2X Long IREN Daily ETF	+2	IREN	−5.63	−33.08	−36.42	−3.34	33.0
KRWX	Corgi South Korea 2x Daily ETF	+2	EWY	−1.47	−11.05	−14.39	−3.34	33.0
AFRU	T-REX 2X LONG AFRM DAILY TARGET ETF	+2	AFRM	−17.44	−35.89	−39.22	−3.33	33.4
ENTL	Leverage Shares 2X Long ENTG Daily ETF	+2	ENTG	−6.65	−24.22	−27.55	−3.33	33.4
CCPX	Corgi China 2x Daily ETF	+2	FXI	+6.41	+12.40	+9.10	−3.30	33.8
NBIG	Leverage Shares 2X Long NBIS Daily ETF	+2	NBIS	+2.92	−27.10	−30.40	−3.30	33.8
PANG	Leverage Shares 2X Long PANW Daily ETF	+2	PANW	+12.86	+16.88	+13.59	−3.29	34.1
FOMG	Leverage Shares 2X Long FORM Daily ETF	+2	FORM	+1.48	−20.33	−23.59	−3.26	34.5
HONG	Leverage Shares 2X Long HON Daily ETF	+2	HON	−4.59	−10.64	−13.90	−3.26	34.5
NEMG	Leverage Shares 2X Long NEM Daily ETF	+2	NEM	+23.87	+46.34	+43.09	−3.25	34.8
ORCX	Defiance Daily Target 2X Long ORCL ETF	+2	ORCL	−3.31	−13.09	−16.32	−3.23	35.0
AVGU	GraniteShares 2x Long AVGO Daily ETF	+2	AVGO	−4.74	−12.64	−15.86	−3.22	35.2
AMUU	Direxion Daily AMD Bull 2X ETF	+2	AMD	+13.10	+14.95	+11.74	−3.21	35.6
FDRX	Founder-Led 2x Daily ETF	+2	FDRS	+8.46	+15.39	+12.18	−3.21	35.6
NVDL	GraniteShares 2x Long NVDA Daily ETF	+2	NVDA	+15.72	+29.19	+25.98	−3.21	35.6
UECG	Leverage Shares 2X Long UEC Daily ETF	+2	UEC	−10.43	−26.91	−30.11	−3.20	36.1
SMU	Tradr 2X Long SMR Daily ETF	+2	SMR	−22.17	−50.52	−53.71	−3.19	36.4
XLEX	Corgi U.S. Energy 2x Daily ETF	+2	XLE	+17.16	+35.72	+32.53	−3.19	36.4
ACHX	Corgi ACHR 2x Daily ETF	+2	ACHR	+1.02	−12.21	−15.39	−3.18	36.8
ADBU	Direxion Daily ADBE Bull 2X ETF	+2	ADBE	+13.73	+22.22	+19.04	−3.18	36.8
TSMX	Direxion Daily TSM Bull 2X ETF	+2	TSM	+2.96	+2.99	−0.17	−3.16	37.1
NEBX	Tradr 2X Long NBIS Daily ETF	+2	NBIS	+2.92	−27.10	−30.24	−3.14	37.4
NVDG	Leverage Shares 2X Long NVDA Daily ETF	+2	NVDA	+15.72	+29.19	+26.05	−3.14	37.4
KMLI	KraneShares 2x Long MELI Daily ETF	+2	MELI	−0.78	−4.27	−7.40	−3.13	37.8
MUZ	Defiance Daily Target 2X Short MU ETF	-2	MU	+3.20	−40.12	−43.24	−3.12	6.0
DLLL	GraniteShares 2x Long DELL Daily ETF	+2	DELL	+26.70	+37.35	+34.24	−3.11	38.2
FBL	GraniteShares 2x Long META Daily ETF	+2	META	+18.40	+32.24	+29.13	−3.11	38.2
FPSX	Leverage Shares 2X Long FPS Daily ETF	+2	FPS	−24.97	−52.55	−55.66	−3.11	38.2
HODU	Direxion Daily HOOD Bull 2X ETF	+2	HOOD	+3.54	−4.34	−7.44	−3.10	38.6
KTUP	T-REX 2X LONG KTOS DAILY TARGET ETF	+2	KTOS	−19.51	−40.16	−43.25	−3.09	38.8
ORCU	Direxion Daily ORCL Bull 2X ETF	+2	ORCL	−3.31	−13.09	−16.16	−3.07	39.0
BRZX	Corgi Brazil 2x Daily ETF	+2	EWZ	+8.98	+17.29	+14.23	−3.06	39.3
AVGG	Leverage Shares 2X Long AVGO Daily ETF	+2	AVGO	−4.74	−12.64	−15.68	−3.04	39.8
BABU	Direxion Daily BABA Bull 2X ETF	+2	BABA	+9.75	+15.08	+12.04	−3.04	39.8
KJD	KraneShares 2x Long JD Daily ETF	+2	JD	+1.10	+0.18	−2.86	−3.04	39.8
USLV	Direxion Daily Silver Bull 2X ETF	+2	SLV	+1.74	−0.43	−3.47	−3.04	39.8
CDNG	Leverage Shares 2X Long CDNS Daily ETF	+2	CDNS	−12.59	−26.83	−29.85	−3.02	40.5
SHPU	Direxion Daily SHOP Bull 2X ETF	+2	SHOP	+21.93	+36.02	+33.00	−3.02	40.5
XW	Corgi Ex-U.S. Equities 2x Daily ETF	+2	VXUS	+0.69	+0.85	−2.17	−3.02	40.5
QCML	GraniteShares 2x Long QCOM Daily ETF	+2	QCOM	+1.72	−2.06	−5.06	−3.00	41.0
ECHX	Leverage Shares 2X Long ECHO Daily ETF	+2	ECHO	−11.37	−24.02	−27.01	−2.99	41.3
ORAC	Corgi ORCL 2x Daily ETF	+2	ORCL	−3.31	−13.09	−16.08	−2.99	41.3
METU	Direxion Daily META Bull 2X ETF	+2	META	+18.40	+32.24	+29.26	−2.98	41.7
NVOX	Defiance Daily Target 2X Long NVO ETF	+2	NVO	−21.26	−40.47	−43.45	−2.98	41.7
AMDG	Leverage Shares 2X Long AMD Daily ETF	+2	AMD	+13.10	+14.95	+11.99	−2.96	42.0
PALU	Direxion Daily PANW Bull 2X ETF	+2	PANW	+12.86	+16.88	+13.93	−2.95	42.2
PLUL	Leverage Shares 2X Long PLUG Daily ETF	+2	PLUG	−26.52	−49.99	−52.92	−2.93	42.6
XEUR	Corgi Europe Equities 2x Daily ETF	+2	VGK	−0.86	−2.07	−5.00	−2.93	42.6
PATX	Tradr 2X Long PATH Daily ETF	+2	PATH	+11.17	+8.65	+5.73	−2.92	42.9
NVDU	Direxion Daily NVDA Bull 2X ETF	+2	NVDA	+15.72	+29.19	+26.28	−2.91	43.2
RKLX	Defiance Daily Target 2X Long RKLB ETF	+2	RKLB	−30.37	−57.39	−60.30	−2.91	43.2
IOSX	Corgi AAPL 2x Daily ETF	+2	AAPL	+13.22	+25.61	+22.74	−2.87	43.6
NBIL	GraniteShares 2x Long NBIS Daily ETF	+2	NBIS	+2.92	−27.10	−29.97	−2.87	43.6
NXPG	Leverage Shares 2X Long NXPI Daily ETF	+2	NXPI	−14.52	−29.94	−32.80	−2.86	44.0
TSEG	Leverage Shares 2X Long TSEM Daily ETF	+2	TSEM	−7.35	−29.57	−32.43	−2.86	44.0
NFLU	T-REX 2X LONG NFLX DAILY TARGET ETF	+2	NFLX	−6.21	−14.87	−17.72	−2.85	44.4
UNHG	Leverage Shares 2X Long UNH Daily ETF	+2	UNH	−13.42	−25.92	−28.76	−2.84	44.6
ASMU	Direxion Daily ASML Bull 2X ETF	+2	ASML	−1.57	−7.30	−10.13	−2.83	45.0
AVGC	Corgi AVGO 2x Daily ETF	+2	AVGO	−4.74	−12.64	−15.47	−2.83	45.0
EDC	Direxion Daily MSCI Emerging Markets Bull 3X E	+3	EEM	+0.47	−2.98	−5.81	−2.83	45.0
LLYX	Defiance Daily Target 2X Long LLY ETF	+2	LLY	−2.77	−7.49	−10.31	−2.82	45.4
AAPX	T-REX 2X LONG APPLE DAILY TARGET ETF	+2	AAPL	+13.22	+25.61	+22.80	−2.81	45.6
CWVX	Tradr 2X Long CRWV Daily ETF	+2	CRWV	+1.67	−17.26	−20.06	−2.80	45.9
ASTY	Defiance Daily Target 2X Long ASTS ETF	+2	ASTS	−31.64	−61.18	−63.95	−2.77	46.2
KPDD	KraneShares 2x Long PDD Daily ETF	+2	PDD	−5.55	−12.40	−15.17	−2.77	46.2
COTG	Leverage Shares 2X Long COST Daily ETF	+2	COST	−1.39	−3.77	−6.53	−2.76	46.5
LULG	Leverage Shares 2X Long LULU Daily ETF	+2	LULU	−17.36	−36.74	−39.49	−2.75	46.7
WEBX	Corgi Chinese Internet 2x Daily ETF	+2	KWEB	−2.43	−6.16	−8.90	−2.74	46.9
GLGG	Leverage Shares 2X Long GLXY Daily ETF	+2	GLXY	−12.06	−37.29	−40.02	−2.73	47.1
GOGL	Corgi GOOGL 2x Daily ETF	+2	GOOGL	−4.68	−11.73	−14.45	−2.72	47.4
KBAB	KraneShares 2x Long BABA Daily ETF	+2	BABA	+9.75	+15.08	+12.36	−2.72	47.4
BEG	Leverage Shares 2X Long BE Daily ETF	+2	BE	−4.32	−31.28	−33.99	−2.71	47.9
SIMX	Corgi SIMO 2x Daily ETF	+2	SIMO	−11.50	−39.02	−41.73	−2.71	47.9
IONL	GraniteShares 2x Long IONQ Daily ETF	+2	IONQ	−14.67	−36.87	−39.57	−2.70	48.2
AAPU	Direxion Daily AAPL Bull 2X ETF	+2	AAPL	+13.22	+25.61	+22.92	−2.69	48.6
AMZU	Direxion Daily AMZN Bull 2X ETF	+2	AMZN	+3.08	+2.53	−0.16	−2.69	48.6
FNGG	Direxion Daily NYSE FANG+ Bull 2X ETF	+2	FNGS	+12.22	+24.72	+22.03	−2.69	48.6
ARMG	Leverage Shares 2X Long ARM Daily ETF	+2	ARM	−14.17	−38.32	−41.00	−2.68	49.0
BEC	Corgi BE 2x Daily ETF	+2	BE	−4.32	−31.28	−33.94	−2.66	49.4
TQQQ	ProShares UltraPro QQQ	+3	QQQ	+2.12	+3.60	+0.94	−2.66	49.4
UPRO	ProShares UltraPro S&P500	+3	SPY	+2.52	+6.78	+4.13	−2.65	49.8
XYZG	Leverage Shares 2X Long XYZ Daily ETF	+2	XYZ	−4.67	−12.07	−14.72	−2.65	49.8
CEGX	Tradr 2X Long CEG Daily ETF	+2	CEG	+7.58	+11.98	+9.34	−2.64	50.1
IREG	Leverage Shares 2X Long IREN Daily ETF	+2	IREN	−5.63	−33.08	−35.71	−2.63	50.4
MTSG	Leverage Shares 2X Long MTSI Daily ETF	+2	MTSI	−18.77	−42.66	−45.29	−2.63	50.4
AVGX	Defiance Daily Target 2X Long AVGO ETF	+2	AVGO	−4.74	−12.64	−15.26	−2.62	50.9
EURL	Direxion Daily FTSE Europe Bull 3X ETF	+3	VGK	−0.86	−3.64	−6.26	−2.62	50.9
MRVU	Direxion Daily MRVL Bull 2X ETF	+2	MRVL	−2.86	−20.35	−22.92	−2.57	51.2
ASMZ	Corgi ASML 2x Daily ETF	+2	ASML	−1.57	−7.30	−9.86	−2.56	51.6
NUG	Leverage Shares 2X Long NU Daily ETF	+2	NU	−5.45	−14.93	−17.49	−2.56	51.6
SPXL	Direxion Daily S&P 500(R) Bull 3X ETF	+3	SPY	+2.52	+6.78	+4.22	−2.56	51.6
MSIX	Corgi MSI 2x Daily ETF	+2	MSI	+6.73	+12.15	+9.60	−2.55	52.0
ASUP	T-REX 2X Long ASTS Daily Target ETF	+2	ASTS	−31.64	−61.18	−63.72	−2.54	52.6
GLXU	T-REX 2X LONG GLXY DAILY TARGET ETF	+2	GLXY	−12.06	−37.29	−39.83	−2.54	52.6
HUTG	Leverage Shares 2X Long HUT Daily ETF	+2	HUT	−18.61	−49.04	−51.58	−2.54	52.6
XLKX	Corgi U.S. Technology 2x Daily ETF	+2	XLK	+5.58	+9.57	+7.03	−2.54	52.6
XIWC	Corgi U.S. Micro-Cap 2x Daily ETF	+2	IWC	−7.51	−15.07	−17.60	−2.53	53.1
XLFX	Corgi U.S. Financials 2x Daily ETF	+2	XLF	−2.18	−4.71	−7.23	−2.52	53.3
NXPX	Tradr 2X Long NXPI Daily ETF	+2	NXPI	−14.52	−29.94	−32.45	−2.51	53.7
OSSL	Defiance Daily Target 2X Long OSS ETF	+2	OSS	−51.34	−79.88	−82.39	−2.51	53.7
XBIX	Corgi U.S. Biotech 2x Daily ETF	+2	XBI	+0.72	−0.62	−3.13	−2.51	53.7
NVTX	Tradr 2X Long NVTS Daily ETF	+2	NVTS	−29.76	−59.93	−62.42	−2.49	54.3
TAJX	Corgi India 2x Daily ETF	+2	INDA	−5.14	−10.38	−12.87	−2.49	54.3
MPG	Leverage Shares 2X Long MP Daily ETF	+2	MP	−12.88	−31.43	−33.91	−2.48	54.8
SNXX	Tradr 2X Long SNDK Daily ETF	+2	SNDK	−14.38	−47.70	−50.18	−2.48	54.8
TECL	Direxion Daily Technology Bull 3X ETF	+3	XLK	+5.58	+11.83	+9.35	−2.48	54.8
PLU	Defiance Daily Target 2X Long PL ETF	+2	PL	−48.15	−75.48	−77.95	−2.47	55.2
CURE	Direxion Daily Healthcare Bull 3X ETF	+3	XLV	+5.97	+16.27	+13.81	−2.46	55.4
CRMU	Leverage Shares 2X Long CRML Daily ETF	+2	CRML	−26.29	−60.81	−63.26	−2.45	55.6
AMAA	Corgi AMZN 2x Daily ETF	+2	AMZN	+3.08	+2.53	+0.09	−2.44	55.9
RGTU	Tradr 2X Long RGTI Daily ETF	+2	RGTI	−15.74	−38.81	−41.24	−2.43	56.1
EMXX	Corgi Emerging Markets 2x Daily ETF	+2	VWO	+0.34	+0.14	−2.28	−2.42	56.4
XHOA	Corgi U.S. Real Estate 2x Daily ETF	+2	VNQ	−6.61	−13.13	−15.55	−2.42	56.4
GMEC	Corgi GME 2x Daily ETF	+2	GME	+8.88	+13.24	+10.83	−2.41	57.0
RVNL	GraniteShares 2x Long RIVN Daily ETF	+2	RIVN	−13.04	−32.76	−35.17	−2.41	57.0
SPAL	GraniteShares 2x Long SpaceX Daily ETF	+2	SPCX	−4.24	−18.65	−21.06	−2.41	57.0
UGLD	Direxion Daily Gold Bull 2X ETF	+2	GLD	+2.76	+4.00	+1.59	−2.41	57.0
GLX	Corgi GLXY 2x Daily ETF	+2	GLXY	−12.06	−37.29	−39.69	−2.40	57.6
FNGO	MicroSectors FANG Index 2X Leveraged ETNs due	+2	FNGS	+12.22	+24.72	+22.33	−2.39	57.9
QCMU	Direxion Daily QCOM Bull 2X ETF	+2	QCOM	+1.72	−2.06	−4.45	−2.39	57.9
LINT	Direxion Daily INTC Bull 2X ETF	+2	INTC	−5.35	−21.36	−23.74	−2.38	58.2
GOOX	T-REX 2X LONG ALPHABET DAILY TARGET ETF	+2	GOOGL	−4.68	−11.73	−14.10	−2.37	58.4
FAS	Direxion Daily Financial Bull 3X ETF	+3	XLF	−2.18	−7.57	−9.93	−2.36	58.9
KEEX	Defiance Daily Target 2x Long KEEL ETF	+2	KEEL	−34.39	−69.10	−71.46	−2.36	58.9
MPWX	Tradr 2X Long MPWR Daily ETF	+2	MPWR	+1.31	−4.21	−6.57	−2.36	58.9
SMUP	T-REX 2X Long SMR Daily Target ETF	+2	SMR	−22.17	−50.52	−52.88	−2.36	58.9
TSLT	T-REX 2X LONG TESLA DAILY TARGET ETF	+2	TSLA	−16.57	−35.56	−37.91	−2.35	59.5
BABX	GraniteShares 2x Long BABA Daily ETF	+2	BABA	+9.75	+15.08	+12.74	−2.34	59.9
QBTX	Tradr 2X Long QBTS Daily ETF	+2	QBTS	−29.49	−58.60	−60.94	−2.34	59.9
TYD	Direxion Daily 7-10 Year Treasury Bull 3X ETF	+3	IEF	−4.35	−12.67	−15.01	−2.34	59.9
AMA	Defiance Daily Target 2X Long AMAT ETF	+2	AMAT	−21.35	−44.27	−46.59	−2.32	60.4
UDOW	ProShares UltraPro Dow30	+3	DIA	−2.32	−7.75	−10.07	−2.32	60.4
WEBL	Direxion Daily Dow Jones Internet Bull 3X ETF	+3	FDN	+7.00	+18.84	+16.54	−2.30	60.7
TXNU	Direxion Daily TXN Bull 2X ETF	+2	TXN	−5.66	−13.38	−15.67	−2.29	61.0
AMAU	Leverage Shares 2X Long AMAT Daily ETF	+2	AMAT	−21.35	−44.27	−46.54	−2.27	61.4
GGLL	Direxion Daily GOOGL Bull 2X ETF	+2	GOOGL	−4.68	−11.73	−14.00	−2.27	61.4
MRAL	GraniteShares 2x Long MARA Daily ETF	+2	MARA	−15.26	−41.86	−44.13	−2.27	61.4
AMKL	Defiance Daily Target 2X Long AMKR ETF	+2	AMKR	−34.40	−67.16	−69.41	−2.25	61.9
NVC	Corgi NVDA 2x Daily ETF	+2	NVDA	+15.72	+29.19	+26.94	−2.25	61.9
CSCL	Direxion Daily CSCO Bull 2X ETF	+2	CSCO	−7.68	−17.27	−19.51	−2.24	62.6
IONC	Corgi IONQ 2x Daily ETF	+2	IONQ	−14.67	−36.87	−39.11	−2.24	62.6
LMTL	Direxion Daily LMT Bull 2X ETF	+2	LMT	−1.79	−5.77	−8.01	−2.24	62.6
WX	Corgi All World 2x Daily ETF	+2	VT	+1.37	+2.40	+0.16	−2.24	62.6
BAIG	Leverage Shares 2X Long BBAI Daily ETF	+2	BBAI	−27.20	−50.87	−53.10	−2.23	63.3
UYM	ProShares Ultra Materials	+2	XLB	−4.11	−8.71	−10.94	−2.23	63.3
XKRE	Corgi U.S. Regional Banks 2x Daily ETF	+2	KRE	−8.33	−16.51	−18.74	−2.23	63.3
DIG	ProShares Ultra Energy	+2	XLE	+17.16	+35.72	+33.51	−2.21	63.8
UUUG	Leverage Shares 2X Long UUUU Daily ETF	+2	UUUU	−22.43	−45.90	−48.11	−2.21	63.8
CARX	Corgi CART 2x Daily ETF	+2	CART	−3.81	−11.24	−13.44	−2.20	64.5
GOU	GraniteShares 2x Long GOOGL Daily ETF	+2	GOOGL	−4.68	−11.73	−13.93	−2.20	64.5
NFXL	Direxion Daily NFLX Bull 2X ETF	+2	NFLX	−6.21	−14.87	−17.07	−2.20	64.5
SNDG	Leverage Shares 2X Long SNDK Daily ETF	+2	SNDK	−14.38	−47.70	−49.90	−2.20	64.5
AVL	Direxion Daily AVGO Bull 2X ETF	+2	AVGO	−4.74	−12.64	−14.83	−2.19	65.0
MEXX	Direxion Daily MSCI Mexico Bull 3X ETF	+3	EWW	−5.55	−17.44	−19.62	−2.18	65.2
USGG	Leverage Shares 2X Long USAR Daily ETF	+2	USAR	−29.53	−57.26	−59.43	−2.17	65.4
AAOG	Leverage Shares 2X Long AAOI Daily ETF	+2	AAOI	−28.59	−64.88	−67.04	−2.16	65.7
UNHU	Direxion Daily UNH Bull 2X ETF	+2	UNH	−13.42	−25.92	−28.08	−2.16	65.7
MIDU	Direxion Daily Mid Cap Bull 3X ETF	+3	MDY	−5.56	−16.63	−18.78	−2.15	66.1
XLIX	Corgi U.S. Industrials 2x Daily ETF	+2	XLI	−8.69	−17.07	−19.20	−2.13	66.3
BEX	Tradr 2X Long BE Daily ETF	+2	BE	−4.32	−31.28	−33.38	−2.10	66.5
COZX	Tradr 2X Long CORZ Daily ETF	+2	CORZ	−32.60	−62.07	−64.15	−2.08	66.8
USX	Corgi Total U.S. Market 2x Daily ETF	+2	VTI	+1.60	+2.92	+0.84	−2.08	66.8
XLBX	Corgi U.S. Materials 2x Daily ETF	+2	XLB	−4.11	−8.71	−10.78	−2.07	67.1
CATG	Leverage Shares 2X Long CAT Daily ETF	+2	CAT	−18.06	−34.82	−36.88	−2.06	67.6
CRMX	Tradr 2X Long CRML Daily ETF	+2	CRML	−26.29	−60.81	−62.87	−2.06	67.6
VRTL	GraniteShares 2x Long VRT Daily ETF	+2	VRT	−22.49	−47.04	−49.10	−2.06	67.6
CBRG	Leverage Shares 2X Long CBRS Daily ETF	+2	CBRS	−19.71	−51.49	−53.53	−2.04	68.0
SPOG	Leverage Shares 2X Long SPOT Daily ETF	+2	SPOT	+3.15	+2.61	+0.59	−2.02	68.2
ISUL	GraniteShares 2x Long ISRG Daily ETF	+2	ISRG	+1.06	−4.14	−6.15	−2.01	68.5
SOFA	Direxion Daily SOFI Bull 2X ETF	+2	SOFI	−14.75	−32.12	−34.13	−2.01	68.5
FNG	Leverage Shares 2X Long FN Daily ETF	+2	FN	−22.46	−49.45	−51.45	−2.00	68.9
TTDU	T-REX 2X LONG TTD DAILY TARGET ETF	+2	TTD	−36.45	−64.78	−66.78	−2.00	68.9
AMDC	Corgi AMD 2x Daily ETF	+2	AMD	+13.10	+14.95	+12.96	−1.99	69.4
BOEG	Leverage Shares 2X Long BA Daily ETF	+2	BA	−14.88	−29.81	−31.80	−1.99	69.4
ALBG	Leverage Shares 2X Long ALB Daily ETF	+2	ALB	−22.00	−41.80	−43.78	−1.98	69.7
APLZ	Tradr 2X Short APLD Daily ETF	-2	APLD	−31.39	+14.64	+12.68	−1.96	6.8
CIEG	Leverage Shares 2X Long CIEN Daily ETF	+2	CIEN	−23.92	−49.93	−51.89	−1.96	70.1
COHH	Leverage Shares 2X Long COHR Daily ETF	+2	COHR	−21.93	−52.84	−54.80	−1.96	70.1
TESC	Corgi TSLA 2x Daily ETF	+2	TSLA	−16.57	−35.56	−37.52	−1.96	70.1
URTY	ProShares UltraPro Russell2000	+3	IWM	−6.92	−20.39	−22.34	−1.95	70.5
GEVG	Leverage Shares 2X Long GEV Daily ETF	+2	GEV	−16.21	−34.12	−36.06	−1.94	70.9
WYFL	Defiance Daily Target 2X Long WYFI ETF	+2	WYFI	−48.45	−82.19	−84.13	−1.94	70.9
MNSX	Corgi MNST 2x Daily ETF	+2	MNST	−14.49	−28.03	−29.95	−1.92	71.3
TSEU	Tradr 2X Long TSEM Daily ETF	+2	TSEM	−7.35	−29.57	−31.49	−1.92	71.3
AAPB	GraniteShares 2x Long AAPL Daily ETF	+2	AAPL	+13.22	+25.61	+23.71	−1.90	71.9
JNUG	Direxion Daily Junior Gold Miners Index Bull 2	+2	GDXJ	+16.22	+25.92	+24.02	−1.90	71.9
UNX	Tradr 2X Long U Daily ETF	+2	U	+35.57	+72.54	+70.64	−1.90	71.9
XLYX	Corgi U.S. Consumer Discretionary 2x Daily ETF	+2	XLY	−7.63	−15.47	−17.37	−1.90	71.9
CAMC	Corgi CAMT 2x Daily ETF	+2	CAMT	−0.15	−12.28	−14.17	−1.89	72.6
SPCM	Tradr 2X Long SpaceX Daily ETF	+2	SPCX	−4.24	−18.65	−20.54	−1.89	72.6
DUSL	Direxion Daily Industrials Bull 3X ETF	+3	XLI	−8.69	−25.10	−26.98	−1.88	73.2
FLYT	Tradr 2X Long FLY Daily ETF	+2	FLY	−18.40	−42.17	−44.05	−1.88	73.2
TNA	Direxion Daily Small Cap Bull 3X ETF	+3	IWM	−6.92	−20.39	−22.27	−1.88	73.2
TSLL	Direxion Daily TSLA Bull 2X ETF	+2	TSLA	−16.57	−35.56	−37.44	−1.88	73.2
AAOX	Tradr 2X Long AAOI Daily ETF	+2	AAOI	−28.59	−64.88	−66.75	−1.87	74.1
BOEU	Direxion Daily BA Bull 2X ETF	+2	BA	−14.88	−29.81	−31.68	−1.87	74.1
CIFU	T-REX 2X Long CIFR Daily Target ETF	+2	CIFR	−30.71	−67.72	−69.59	−1.87	74.1
EUVX	Corgi Lithography & Semiconductor Photonics 2x	+2	EUV	−14.22	−33.43	−35.30	−1.87	74.1
UBR	ProShares Ultra MSCI Brazil Capped	+2	EWZ	+8.98	+17.29	+15.42	−1.87	74.1
LABU	Direxion Daily S&P Biotech Bull 3X ETF	+3	XBI	+0.72	−3.95	−5.81	−1.86	74.9
LABX	Tradr 2X Long ALAB Daily ETF	+2	ALAB	−17.38	−46.39	−48.25	−1.86	74.9
ELIL	Direxion Daily LLY Bull 2X ETF	+2	LLY	−2.77	−7.49	−9.33	−1.84	75.3
TERG	Leverage Shares 2X Long TER Daily ETF	+2	TER	−6.15	−25.39	−27.23	−1.84	75.3
ERX	Direxion Daily Energy Bull 2X ETF	+2	XLE	+17.16	+35.72	+33.90	−1.82	75.7
PILL	Direxion Daily Pharmaceutical & Medical Bull 3	+3	XPH	−0.43	−5.41	−7.23	−1.82	75.7
CIFG	Leverage Shares 2X Long CIFR Daily ETF	+2	CIFR	−30.71	−67.72	−69.53	−1.81	76.4
DPST	Direxion Daily Regional Banks Bull 3X ETF	+3	KRE	−8.33	−24.47	−26.28	−1.81	76.4
LRCU	Tradr 2X Long LRCX Daily ETF	+2	LRCX	−15.95	−37.58	−39.39	−1.81	76.4
XPEG	Leverage Shares 2X Long XPEV Daily ETF	+2	XPEV	−29.71	−52.74	−54.55	−1.81	76.4
TSLG	Leverage Shares 2X Long TSLA Daily ETF	+2	TSLA	−16.57	−35.56	−37.36	−1.80	76.9
CRWU	T-REX 2X Long CRWV Daily Target ETF	+2	CRWV	+1.67	−17.26	−19.04	−1.78	77.2
TMF	Direxion Daily 20+ Year Treasury Bull 3X ETF	+3	TLT	−8.33	−23.56	−25.34	−1.78	77.2
RTXG	Leverage Shares 2X Long RTX Daily ETF	+2	RTX	−2.88	−7.07	−8.84	−1.77	77.6
RMBC	Corgi RMBS 2x Daily ETF	+2	RMBS	−13.79	−33.77	−35.52	−1.75	77.9
UTSL	Direxion Daily Utilities Bull 3X ETF	+3	XLU	−11.25	−31.23	−32.98	−1.75	77.9
GUSH	Direxion Daily S&P Oil & Gas Exp. & Prod. Bull	+2	XOP	+17.12	+34.49	+32.75	−1.74	78.2
ASTX	Tradr 2X Long ASTS Daily ETF	+2	ASTS	−31.64	−61.18	−62.89	−1.71	78.6
CSEX	Tradr 2X Long CLS Daily ETF	+2	CLS	−0.05	−14.99	−16.70	−1.71	78.6
TPLX	Corgi TPL 2x Daily ETF	+2	TPL	−21.36	−40.99	−42.70	−1.71	78.6
APLX	Tradr 2X Long APLD Daily ETF	+2	APLD	−31.39	−61.34	−63.04	−1.70	79.0
CPNX	Tradr 2X Long CPNG Daily ETF	+2	CPNG	−23.50	−43.43	−45.12	−1.69	79.6
HIBL	Direxion Daily S&P 500(R) High Beta Bull 3X ET	+3	SPHB	−0.94	−8.55	−10.24	−1.69	79.6
TSLR	GraniteShares 2x Long TSLA Daily ETF	+2	TSLA	−16.57	−35.56	−37.25	−1.69	79.6
UPSX	Tradr 2X Long UPST Daily ETF	+2	UPST	−35.67	−61.02	−62.71	−1.69	79.6
CRUC	Corgi CRUS 2x Daily ETF	+2	CRUS	−18.06	−34.82	−36.50	−1.68	80.2
WANT	Direxion Daily Consumer Discretionary Bull 3X	+3	XLY	−7.63	−23.37	−25.05	−1.68	80.2
EZJ	ProShares Ultra MSCI Japan	+2	EWJ	+4.74	+8.56	+6.89	−1.67	80.6
NUGT	Direxion Daily Gold Miners Index Bull 2X ETF	+2	GDX	+16.96	+29.28	+27.61	−1.67	80.6
AGQ	ProShares Ultra Silver	+2	SLV	+1.74	−0.43	−2.09	−1.66	81.1
MCHU	Tradr 2X Long MCHP Daily ETF	+2	MCHP	−11.77	−27.09	−28.75	−1.66	81.1
AALG	Leverage Shares 2X Long AAL Daily ETF	+2	AAL	−26.34	−48.33	−49.98	−1.65	81.5
LEUX	Tradr 2X Long LEU Daily ETF	+2	LEU	−16.14	−39.16	−40.81	−1.65	81.5
DRN	Direxion Daily Real Estate Bull 3X ETF	+3	IYR	−6.78	−19.99	−21.63	−1.64	81.9
WULX	Tradr 2X Long WULF Daily ETF	+2	WULF	−37.23	−68.19	−69.83	−1.64	81.9
XOMX	Direxion Daily XOM Bull 2X ETF	+2	XOM	+20.19	+42.06	+40.43	−1.63	82.2
ARMA	Corgi ARM 2x Daily ETF	+2	ARM	−14.17	−38.32	−39.94	−1.62	82.7
SKYU	ProShares Ultra Nasdaq Cloud Computing	+2	SKYY	+20.32	+41.96	+40.34	−1.62	82.7
XLVX	Corgi U.S. Healthcare 2x Daily ETF	+2	XLV	+5.97	+11.42	+9.80	−1.62	82.7
ONTX	Corgi ONTO 2x Daily ETF	+2	ONTO	−12.39	−37.34	−38.95	−1.61	83.1
ROM	ProShares Ultra Technology	+2	XLK	+5.58	+9.57	+7.98	−1.59	83.4
USAX	Tradr 2X Long USAR Daily ETF	+2	USAR	−29.53	−57.26	−58.85	−1.59	83.4
GLWG	Leverage Shares 2X Long GLW Daily ETF	+2	GLW	−30.18	−58.43	−60.01	−1.58	83.8
STXX	Tradr 2X Long STX Daily ETF	+2	STX	+0.86	−11.90	−13.48	−1.58	83.8
EET	ProShares Ultra MSCI Emerging Markets	+2	EEM	+0.47	−0.54	−2.11	−1.57	84.4
JOBX	Tradr 2X Long JOBY Daily ETF	+2	JOBY	−31.56	−57.22	−58.79	−1.57	84.4
UMDD	ProShares UltraPro MidCap400	+3	MDY	−5.56	−16.63	−18.20	−1.57	84.4
CWEB	Direxion Daily CSI China Internet Index Bull 2	+2	KWEB	−2.43	−6.16	−7.72	−1.56	84.8
XLPX	Corgi U.S. Consumer Staples 2x Daily ETF	+2	XLP	−2.60	−5.73	−7.27	−1.54	85.0
EFO	ProShares Ultra MSCI EAFE	+2	EFA	+0.84	+1.27	−0.26	−1.53	85.4
OPEX	Tradr 2X Long OPEN Daily ETF	+2	OPEN	−52.02	−79.79	−81.32	−1.53	85.4
RETL	Direxion Daily Retail Bull 3X ETF	+3	XRT	−6.28	−20.03	−21.56	−1.53	85.4
GRAG	Leverage Shares 2X Long GRAB Daily ETF	+2	GRAB	−20.05	−38.78	−40.30	−1.52	86.0
UYG	ProShares Ultra Financials	+2	XLF	−2.18	−4.71	−6.23	−1.52	86.0
NAIL	Direxion Daily Homebuilders & Supplies Bull 3X	+3	XHB	−14.27	−40.02	−41.53	−1.51	86.3
UCTX	Corgi UCTT 2x Daily ETF	+2	UCTT	−37.45	−70.62	−72.12	−1.50	86.5
ACLZ	Corgi ACLS 2x Daily ETF	+2	ACLS	−26.44	−53.78	−55.27	−1.49	86.8
XPP	ProShares Ultra FTSE China 50	+2	FXI	+6.41	+12.40	+10.91	−1.49	86.8
DFEN	Direxion Daily Aerospace & Defense Bull 3X ETF	+3	ITA	−14.94	−40.55	−42.03	−1.48	87.1
RDTL	GraniteShares 2x Long RDDT Daily ETF	+2	RDDT	−27.97	−56.04	−57.51	−1.47	87.3
UPV	ProShares Ultra FTSE Europe	+2	VGK	−0.86	−2.07	−3.53	−1.46	87.8
WDCX	Tradr 2X Long WDC Daily ETF	+2	WDC	−24.03	−51.36	−52.82	−1.46	87.8
XLUX	Corgi U.S. Utilities 2x Daily ETF	+2	XLU	−11.25	−21.67	−23.13	−1.46	87.8
BIDG	Leverage Shares 2X Long BIDU Daily ETF	+2	BIDU	−26.34	−48.38	−49.83	−1.45	88.4
RKX	Corgi RKLB 2x Daily ETF	+2	RKLB	−30.37	−57.39	−58.84	−1.45	88.4
SSO	ProShares Ultra S&P500	+2	SPY	+2.52	+4.78	+3.33	−1.45	88.4
BRZU	Direxion Daily MSCI Brazil Bull 2X ETF	+2	EWZ	+8.98	+17.29	+15.85	−1.44	88.8
QLD	ProShares Ultra QQQ	+2	QQQ	+2.12	+3.32	+1.89	−1.43	89.1
SPUU	Direxion Daily S&P 500(R) Bull 2X ETF	+2	SPY	+2.52	+4.78	+3.35	−1.43	89.1
KBDU	KraneShares 2x Long BIDU Daily ETF	+2	BIDU	−26.34	−48.38	−49.80	−1.42	89.5
AMZZ	GraniteShares 2x Long AMZN Daily ETF	+2	AMZN	+3.08	+2.53	+1.13	−1.40	89.8
DDM	ProShares Ultra Dow30	+2	DIA	−2.32	−4.91	−6.31	−1.40	89.8
TPOR	Direxion Daily Transportation Bull 3X ETF	+3	IYT	−10.09	−28.62	−30.00	−1.38	90.1
COHX	Tradr 2X Long COHR Daily ETF	+2	COHR	−21.93	−52.84	−54.21	−1.37	90.3
LTL	ProShares Ultra Communication Services	+2	XLC	+1.44	+1.84	+0.49	−1.35	90.6
UGE	ProShares Ultra Consumer Staples	+2	XLP	−2.60	−5.73	−7.08	−1.35	90.6
EOSU	T-REX 2X LONG EOSE DAILY TARGET ETF	+2	EOSE	−44.77	−76.53	−77.86	−1.33	91.0
PBRG	Leverage Shares 2X Long PBR Daily ETF	+2	PBR	+32.46	+70.69	+69.37	−1.32	91.2
IBX	Tradr 2X Long IBM Daily ETF	+2	IBM	−22.62	−48.31	−49.62	−1.31	91.4
UBRL	GraniteShares 2x Long UBER Daily ETF	+2	UBER	−5.71	−13.84	−15.14	−1.30	91.6
TTMX	Tradr 2X Long TTMI Daily ETF	+2	TTMI	−31.64	−61.45	−62.73	−1.28	92.0
UCC	ProShares Ultra Consumer Discretionary	+2	XLY	−7.63	−15.47	−16.75	−1.28	92.0
UCO	ProShares Ultra Bloomberg Crude Oil	+2	OILK	+31.47	+68.49	+67.21	−1.28	92.0
NIOG	Leverage Shares 2X Long NIO Daily ETF	+2	NIO	−30.99	−53.95	−55.22	−1.27	92.4
RBLU	T-REX 2X LONG RBLX DAILY TARGET ETF	+2	RBLX	−26.89	−57.25	−58.51	−1.26	92.7
GEVX	Tradr 2X Long GEV Daily ETF	+2	GEV	−16.21	−34.12	−35.37	−1.25	92.9
CBRX	Tradr 2X Long CBRS Daily ETF	+2	CBRS	−19.71	−51.49	−52.73	−1.24	93.2
GFSG	Leverage Shares 2X Long GFS Daily ETF	+2	GFS	−37.79	−64.68	−65.92	−1.24	93.2
ASTT	Corgi ASTS 2x Daily ETF	+2	ASTS	−31.64	−61.18	−62.39	−1.21	93.5
MVV	ProShares Ultra MidCap400	+2	MDY	−5.56	−11.12	−12.29	−1.17	93.8
SAA	ProShares Ultra SmallCap600	+2	IJR	−7.46	−14.65	−15.82	−1.17	93.8
UWM	ProShares Ultra Russell2000	+2	IWM	−6.92	−13.73	−14.88	−1.15	94.1
INDL	Direxion Daily MSCI India Bull 2X ETF	+2	INDA	−5.14	−10.38	−11.52	−1.14	94.4
CIEX	Tradr 2X Long CIEN Daily ETF	+2	CIEN	−23.92	−49.93	−51.06	−1.13	94.6
KLAG	Leverage Shares 2X Long KLAC Daily ETF	+2	KLAC	−26.69	−51.10	−52.22	−1.12	94.8
ONX	Tradr 2X Long ON Daily ETF	+2	ON	−18.77	−38.83	−39.93	−1.10	95.0
SMCZ	Defiance Daily Target 2X Short SMCI ETF	-2	SMCI	+48.54	−75.75	−76.83	−1.08	7.6
OPEG	Leverage Shares 2X Long OPEN Daily ETF	+2	OPEN	−52.02	−79.79	−80.85	−1.06	95.2
CRDU	Tradr 2X Long CRDO Daily ETF	+2	CRDO	−24.82	−56.81	−57.80	−0.99	95.4
UXI	ProShares Ultra Industrials	+2	XLI	−8.69	−17.07	−18.02	−0.95	95.6
UST	ProShares Ultra 7-10 Year Treasury	+2	IEF	−4.35	−8.58	−9.52	−0.94	95.9
CONI	GraniteShares 2x Short COIN Daily ETF	-2	COIN	+17.06	−52.80	−53.70	−0.90	8.4
UPW	ProShares Ultra Utilities	+2	XLU	−11.25	−21.67	−22.57	−0.90	96.1
SVIX	-1x Short VIX Futures ETF	-1	VIXY	−21.28	+22.58	+21.69	−0.89	9.2
UGL	ProShares Ultra Gold	+2	GLD	+2.76	+4.00	+3.13	−0.87	96.3
ACMM	Corgi ACMR 2x Daily ETF	+2	ACMR	−30.93	−61.85	−62.71	−0.86	96.5
URE	ProShares Ultra Real Estate	+2	IYR	−6.78	−13.46	−14.30	−0.84	96.7
SMST	Defiance Daily Target 2X Short MSTR ETF	-2	MSTR	+63.93	−79.16	−79.97	−0.81	10.0
CPXR	USCF Daily Target 2X Copper Index ETF	+2	CPER	+6.91	+12.76	+11.96	−0.80	96.9
UVIX	2x Long VIX Futures ETF	+2	VIXY	−21.28	−40.23	−41.01	−0.78	97.1
RXL	ProShares Ultra Health Care	+2	XLV	+5.97	+11.42	+10.71	−0.71	97.3
BMNZ	Defiance Daily Target 2X Short BMNR ETF	-2	BMNR	+86.78	−83.41	−84.11	−0.70	10.8
TSL	GraniteShares 1.25x Long TSLA Daily ETF	+1.25	TSLA	−16.57	−21.19	−21.88	−0.69	97.6
APPX	Tradr 2X Long APP Daily ETF	+2	APP	−48.56	−76.84	−77.51	−0.67	97.9
CIFC	Corgi CIFR 2x Daily ETF	+2	CIFR	−30.71	−67.72	−68.39	−0.67	97.9
SNK	GraniteShares 2x Short SpaceX Daily ETF	-2	SPCX	−4.24	−25.14	−25.68	−0.54	11.6
CHAU	Direxion Daily CSI 300 China A Share Bull 2X E	+2	ASHR	−10.10	−20.03	−20.52	−0.49	98.2
XNDX	Tradr 2X Long XNDU Daily ETF	+2	XNDU	−61.35	−87.72	−88.20	−0.48	98.4
APPC	Corgi APP 2x Daily ETF	+2	APP	−48.56	−76.84	−77.28	−0.44	98.6
UBT	ProShares Ultra 20+ Year Treasury	+2	TLT	−8.33	−16.19	−16.56	−0.37	98.8
CRCD	T-REX 2X INVERSE CRCL DAILY TARGET ETF	-2	CRCL	+32.64	−67.83	−68.17	−0.34	12.4
CORD	T-REX 2X INVERSE CRWV DAILY TARGET ETF	-2	CRWV	+1.67	−58.08	−58.40	−0.32	13.2
SSPC	Leverage Shares 2X Short SPCX Daily ETF	-2	SPCX	−4.24	−25.14	−25.38	−0.24	14.0
TEUP	T-REX 2X LONG TE DAILY TARGET ETF	+2	TE	−57.95	−87.24	−87.47	−0.23	99.0
EO	Corgi EOSE 2x Daily ETF	+2	EOSE	−44.77	−76.53	−76.75	−0.22	99.3
MSTZ	T-REX 2X INVERSE MSTR DAILY TARGET ETF	-2	MSTR	+63.93	−79.16	−79.31	−0.15	14.8
IREZ	Tradr 2X Short IREN Daily ETF	-2	IREN	−5.63	−63.42	−63.54	−0.12	16.0
PLTZ	Defiance Daily Target 2X Short PLTR ETF	-2	PLTR	+48.77	−73.90	−74.02	−0.12	16.0
STSM	Defiance Daily Target 2X Short TSM ETF	-2	TSM	+2.96	−13.78	−13.89	−0.11	17.2
NBIZ	Tradr 2X Short NBIS Daily ETF	-2	NBIS	+2.92	−80.97	−80.98	−0.01	18.0
LASC	Corgi LASR 2x Daily ETF	+2	LASR	−41.84	−74.98	−74.98	0.00	99.5
GDXD	MicroSectors Gold Miners -3X Inverse Leveraged	-3	GDX	+16.96	−56.83	−56.76	+0.07	18.8
BEZ	Tradr 2X Short BE Daily ETF	-2	BE	−4.32	−59.18	−58.97	+0.21	19.6
NVDQ	T-REX 2X INVERSE NVIDIA DAILY TARGET ETF	-2	NVDA	+15.72	−33.27	−33.03	+0.24	20.4
ETHD	ProShares UltraShort Ether ETF	-2	ETHA	+65.05	−69.81	−69.55	+0.26	21.2
TSLZ	T-REX 2X INVERSE TESLA DAILY TARGET ETF	-2	TSLA	−16.57	+17.33	+17.60	+0.27	22.0
DAMD	Defiance Daily Target 2X Short AMD ETF	-2	AMD	+13.10	−44.62	−44.31	+0.31	23.2
SNDQ	Tradr 2X Short SNDK Daily ETF	-2	SNDK	−14.38	−54.99	−54.68	+0.31	23.2
BTCZ	T-REX 2X INVERSE BITCOIN DAILY TARGET ETF	-2	IBIT	+39.24	−54.16	−53.70	+0.46	24.4
LITZ	Tradr 2X Short LITE Daily ETF	-2	LITE	+21.23	−66.90	−66.43	+0.47	25.2
CBRZ	Tradr 2X Short CBRS Daily ETF	-2	CBRS	−19.71	−39.06	−38.57	+0.49	26.0
SBIT	ProShares UltraShort Bitcoin ETF	-2	IBIT	+39.24	−54.16	−53.36	+0.80	26.8
MSFD	Direxion Daily MSFT Bear 1X ETF	-1	MSFT	+33.72	−28.17	−27.17	+1.00	27.6
SETH	ProShares Short Ether ETF	-1	ETHA	+65.05	−43.08	−42.04	+1.04	28.4
SPCG	Tradr 2X Short SpaceX Daily ETF	-2	SPCX	−4.24	−25.14	−24.02	+1.12	29.2
EFZ	ProShares Short MSCI EAFE	-1	EFA	+0.84	−1.25	−0.11	+1.14	30.0
DULL	MicroSectors Gold -3X Inverse Leveraged ETNs d	-3	GLD	+2.76	−15.92	−14.75	+1.17	31.2
PALD	Direxion Daily PANW Bear 1X ETF	-1	PANW	+12.86	−19.19	−18.02	+1.17	31.2
METD	Direxion Daily META Bear 1X ETF	-1	META	+18.40	−20.52	−19.34	+1.18	32.4
BITI	ProShares Short Bitcoin ETF	-1	IBIT	+39.24	−30.88	−29.65	+1.23	33.6
GGLS	Direxion Daily GOOGL Bear 1X ETF	-1	GOOGL	−4.68	+1.97	+3.20	+1.23	33.6
BZQ	ProShares UltraShort MSCI Brazil Capped	-2	EWZ	+8.98	−18.99	−17.72	+1.27	34.8
YXI	ProShares Short FTSE China 50	-1	FXI	+6.41	−6.73	−5.41	+1.32	35.6
AMZD	Direxion Daily AMZN Bear 1X ETF	-1	AMZN	+3.08	−6.96	−5.62	+1.34	36.4
ORCS	Direxion Daily ORCL Bear 1X ETF	-1	ORCL	−3.31	−3.98	−2.61	+1.37	37.2
QCMD	Direxion Daily QCOM Bear 1X ETF	-1	QCOM	+1.72	−7.03	−5.65	+1.38	38.0
CSCS	Direxion Daily CSCO Bear 1X ETF	-1	CSCO	−7.68	+5.28	+6.67	+1.39	39.2
NVDS	Tradr 1.5X Short NVDA Daily ETF	-1.5	NVDA	+15.72	−25.09	−23.70	+1.39	39.2
AAPD	Direxion Daily AAPL Bear 1X ETF	-1	AAPL	+13.22	−13.43	−12.01	+1.42	40.4
JDST	Direxion Daily Junior Gold Miners Index Bear 2	-2	GDXJ	+16.22	−40.70	−39.27	+1.43	41.6
NVD	GraniteShares 2x Short NVDA Daily ETF	-2	NVDA	+15.72	−33.27	−31.84	+1.43	41.6
AMZO	Tradr 2X Short AMZN Daily ETF	-2	AMZN	+3.08	−17.80	−16.35	+1.45	43.6
EUM	ProShares Short MSCI Emerging Markets	-1	EEM	+0.47	−1.92	−0.47	+1.45	43.6
REK	ProShares Short Real Estate	-1	IYR	−6.78	+6.83	+8.28	+1.45	43.6
NFXS	Direxion Daily NFLX Bear 1X ETF	-1	NFLX	−6.21	+3.28	+4.74	+1.46	45.2
EFU	ProShares UltraShort MSCI EAFE	-2	EFA	+0.84	−2.91	−1.40	+1.51	46.4
TSMZ	Direxion Daily TSM Bear 1X ETF	-1	TSM	+2.96	−5.71	−4.20	+1.51	46.4
SCO	ProShares UltraShort Bloomberg Crude Oil	-2	OILK	+31.47	−46.58	−45.06	+1.52	47.6
TSDD	GraniteShares 2x Short TSLA Daily ETF	-2	TSLA	−16.57	+17.33	+18.86	+1.53	48.4
MUD	Direxion Daily MU Bear 1X ETF	-1	MU	+3.20	−16.08	−14.53	+1.55	49.2
MYY	ProShares Short MidCap400	-1	MDY	−5.56	+5.54	+7.12	+1.58	50.0
SKRE	TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS	-2	KRE	−8.33	+16.65	+18.24	+1.59	50.8
EWV	ProShares UltraShort MSCI Japan	-2	EWJ	+4.74	−11.73	−10.13	+1.60	52.0
NVDD	Direxion Daily NVDA Bear 1X ETF	-1	NVDA	+15.72	−16.72	−15.12	+1.60	52.0
DOG	ProShares Short Dow30	-1	DIA	−2.32	+2.03	+3.64	+1.61	53.2
RWM	ProShares Short Russell2000	-1	IWM	−6.92	+6.97	+8.59	+1.62	54.0
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear	-2	XOP	+17.12	−31.39	−29.76	+1.63	54.8
SBB	ProShares Short SmallCap600	-1	IJR	−7.46	+7.70	+9.34	+1.64	55.6
PSQ	ProShares Short QQQ	-1	QQQ	+2.12	−2.98	−1.31	+1.67	56.4
SEF	ProShares Short Financials	-1	XLF	−2.18	+1.80	+3.48	+1.68	57.6
SPDN	Direxion Daily S&P 500 (R) Bear 1X ETF	-1	SPY	+2.52	−2.75	−1.07	+1.68	57.6
SH	ProShares Short S&P500	-1	SPY	+2.52	−2.75	−1.06	+1.69	58.8
TBX	ProShares Short 7-10 Year Treasury	-1	IEF	−4.35	+4.48	+6.18	+1.70	59.6
DUG	ProShares UltraShort Energy	-2	XLE	+17.16	−29.68	−27.97	+1.71	60.8
DUST	Direxion Daily Gold Miners Index Bear 2X ETF	-2	GDX	+16.96	−38.98	−37.27	+1.71	60.8
AVS	Direxion Daily AVGO Bear 1X ETF	-1	AVGO	−4.74	+1.09	+2.86	+1.77	62.0
EPV	ProShares UltraShort FTSE Europe	-2	VGK	−0.86	+0.59	+2.41	+1.82	63.2
TBF	ProShares Short 20+ Year Treasury	-1	TLT	−8.33	+8.82	+10.64	+1.82	63.2
ERY	Direxion Daily Energy Bear 2X ETF	-2	XLE	+17.16	−29.68	−27.84	+1.84	64.4
EEV	ProShares UltraShort MSCI Emerging Markets	-2	EEM	+0.47	−5.21	−3.31	+1.90	65.2
RXD	ProShares UltraShort Health Care	-2	XLV	+5.97	−13.03	−11.04	+1.99	66.0
TSLS	Direxion Daily TSLA Bear 1X ETF	-1	TSLA	−16.57	+11.87	+13.99	+2.12	66.8
REW	ProShares UltraShort Technology	-2	XLK	+5.58	−14.97	−12.82	+2.15	67.6
SZK	ProShares UltraShort Consumer Staples	-2	XLP	−2.60	+3.45	+5.62	+2.17	68.4
SMN	ProShares UltraShort Materials	-2	XLB	−4.11	+6.42	+8.60	+2.18	69.2
PST	ProShares UltraShort 7-10 Year Treasury	-2	IEF	−4.35	+9.08	+11.38	+2.30	70.0
TSLQ	Tradr 2X Short TSLA Daily ETF	-2	TSLA	−16.57	+17.33	+19.68	+2.35	70.8
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-3	FDN	+7.00	−23.27	−20.83	+2.44	71.6
FNGD	MicroSectors FANG Index -3X Inverse Leveraged	-3	FNGS	+12.22	−33.44	−30.95	+2.49	72.4
SDS	ProShares UltraShort S&P500	-2	SPY	+2.52	−5.71	−3.21	+2.50	73.2
SRS	ProShares UltraShort Real Estate	-2	IYR	−6.78	+13.64	+16.15	+2.51	74.0
SKF	ProShares UltraShort Financials	-2	XLF	−2.18	+3.19	+5.74	+2.55	74.8
QID	ProShares UltraShort QQQ	-2	QQQ	+2.12	−6.77	−4.20	+2.57	75.6
DXD	ProShares UltraShort Dow30	-2	DIA	−2.32	+3.74	+6.32	+2.58	76.4
SDP	ProShares UltraShort Utilities	-2	XLU	−11.25	+24.94	+27.58	+2.64	77.2
TBT	ProShares UltraShort 20+ Year Treasury	-2	TLT	−8.33	+18.12	+20.82	+2.70	78.0
TECS	Direxion Daily Technology Bear 3X ETF	-3	XLK	+5.58	−23.78	−21.00	+2.78	78.8
FXP	ProShares UltraShort FTSE China 50	-2	FXI	+6.41	−13.66	−10.85	+2.81	79.6
SIJ	ProShares UltraShort Industrials	-2	XLI	−8.69	+18.04	+20.88	+2.84	80.4
MZZ	ProShares UltraShort MidCap400	-2	MDY	−5.56	+11.00	+13.85	+2.85	81.2
TWM	ProShares UltraShort Russell2000	-2	IWM	−6.92	+13.92	+16.87	+2.95	82.0
GLL	ProShares UltraShort Gold	-2	GLD	+2.76	−9.54	−6.56	+2.98	82.8
SCC	ProShares UltraShort Consumer Discretionary	-2	XLY	−7.63	+14.06	+17.06	+3.00	83.6
LABD	Direxion Daily S&P Biotech Bear 3X ETF	-3	XBI	+0.72	−13.64	−10.62	+3.02	84.4
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X E	-3	EEM	+0.47	−9.75	−6.72	+3.03	85.2
SDD	ProShares UltraShort SmallCap600	-2	IJR	−7.46	+15.59	+18.63	+3.04	86.0
XCOM	Corgi All Commodities 2x Daily ETF	+2	DJP	+18.38	+38.96	+42.02	+3.06	99.7
YANG	Direxion Daily FTSE China Bear 3X ETF	-3	FXI	+6.41	−20.69	−17.53	+3.16	86.8
HIBS	Direxion Daily S&P 500(R) High Beta Bear 3X ET	-3	SPHB	−0.94	−8.93	−5.71	+3.22	87.6
SQQQ	ProShares UltraPro Short QQQ	-3	QQQ	+2.12	−11.27	−7.90	+3.37	88.4
SPXS	Direxion Daily S&P 500(R) Bear 3X ETF	-3	SPY	+2.52	−8.86	−5.48	+3.38	89.2
SPXU	ProShares UltraPro Short S&P500	-3	SPY	+2.52	−8.86	−5.42	+3.44	90.0
DRV	Direxion Daily Real Estate Bear 3X ETF	-3	IYR	−6.78	+20.39	+23.94	+3.55	90.8
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-3	SOXX	−5.12	−16.81	−13.15	+3.66	91.6
SDOW	ProShares UltraPro Short Dow30	-3	DIA	−2.32	+5.13	+9.08	+3.95	92.4
FAZ	Direxion Daily Financial Bear 3X ETF	-3	XLF	−2.18	+4.17	+8.13	+3.96	93.6
TTT	ProShares UltraPro Short 20+ Year Treasury	-3	TLT	−8.33	+27.89	+31.85	+3.96	93.6
ZSL	ProShares UltraShort Silver	-2	SLV	+1.74	−13.76	−9.63	+4.13	94.8
TZA	Direxion Daily Small Cap Bear 3X ETF	-3	IWM	−6.92	+20.81	+24.98	+4.17	95.6
SMDD	ProShares UltraPro Short MidCap400	-3	MDY	−5.56	+16.36	+20.67	+4.31	96.4
SRTY	ProShares UltraPro Short Russell2000	-3	IWM	−6.92	+20.81	+25.22	+4.41	97.2
TMV	Direxion Daily 20+ Year Treasury Bear 3X ETF	-3	TLT	−8.33	+27.89	+32.47	+4.58	98.0
TYO	Direxion Daily 7-10 Year Treasury Bear 3X ETF	-3	IEF	−4.35	+13.81	+18.49	+4.68	98.8
BIS	ProShares UltraShort Nasdaq Biotechnology	-2	IBB	+10.74	−22.10	−17.00	+5.10	99.6
LMNX	Defiance Daily Target 2X Long LMND ETF	+2	LMND	−34.89	−64.30	−50.35	+13.95	99.9

Leveraged and inverse ETFs against their own stated multiple, 2026-Q3. Source: ETFIQ.

How this was computed

For each fund, the product of (1 + L × r) over every daily return r of its own underlying across the quarter, where L is the multiple stated in the fund’s own name and prospectus. That is the exact path its mechanic would have produced. No volatility term, no approximation, nothing that breaks at the edges. The fund’s own total return over the same days is subtracted from it.

Prices are exchange end-of-day, split adjusted, distributions reinvested, from Tiingo. Each fund’s stated multiple and its underlying come from its SEC registration. A fund had to trade the whole quarter to be in this study: one that listed inside it has no quarter, and measuring it over the part it traded and printing that beside funds that traded all of it would be the most common way this figure is got wrong.

What was left out, and why

This is the part of a study worth reading first. Two tests run before any fund is measured, and both of them throw out funds that would otherwise have been the headline. Neither of those gaps was a cost anybody paid.

The price test. A fund whose price is unchanged on more than half its days is a quote rather than a trade, and its return is what somebody paid on the days anyone traded rather than what the fund did. Measured naively, a price that never moves reads as the largest gap on the desk. The flattest this quarter was AIRL, unchanged on 100 percent of its days, at 1 distinct closing price in the whole quarter.

The pairing test. Each fund’s daily returns are regressed on its underlying’s. If the realized slope is not near the multiple it is filed as, the two are not related and no difference between them means anything. 12 funds failed it this quarter, the furthest out being MARU, filed as +2 times MARA and moving like +0.04.

225

no history

145

not the whole quarter

no underlying

quoted rather than traded

does not move like its stated multiple

trades as a different fund

595

measured, of 1082 on the desk

Funds excluded and why, 2026-Q3. Source: ETFIQ.

Quoted rather than traded: AIRL, AMDS, AXPG, BU, BOED, BRKD, CVNX, DNNG, FRDU, FRDD, GIGI, JPX, LACG, LCDL, LLYZ, LMTS, XPM, SHPD, SNDY, UPSG, PXIU, WHTX, XOMZ, XRPK.

Pairings refused

Ticker	Fund	Filed as	Measured against	Realized	Note
AMDD	Direxion Daily AMD Bear 1X ETF	-1	AMD		trades as "T-REX 2X INVERSE AMD DAILY TARGET ETF" (-2x), filed as -1x
CXRN	Teucrium 2x Daily Corn ETF	+2	CORN	+2.406
DKNX	Defiance Daily Target 2X Long DKNG ETF	+2	DKNG	+1.200
MARU	T-REX 2X LONG MARA DAILY TARGET ETF	+2	MARA	+0.038
NVDB	ProShares Ultra NVDA	+2	NVDA		trades as "AXS 1.25X NVDA BULL DAILY ETF" (+1.25x), filed as +2x
ONG	Direxion Daily Oil Services Bull 2X Shares	+2	OIH	+1.231
PLTD	Direxion Daily PLTR Bear 1X ETF	-1	PLTR		trades as "T-REX 2X INVERSE PLTR DAILY TARGET ETF" (-2x), filed as -1x
RKTL	Defiance Daily Target 2X Long RKT ETF	+2	RKT	+1.370
XSEM	Corgi U.S. Semiconductors 2x Daily ETF	+2	SOXX	+1.650
TIPD	Direxion Daily TIPS Bear 2X Shares	-2	TIP	+1.603
TSLI	ProShares Ultra TSLA	+2	TSLA		trades as "GRANITESHARES 1X SHORT TSLA DAILY ETF" (-1x), filed as +2x
WXET	Teucrium 2x Daily Wheat ETF	+2	WEAT	+2.371

Funds that do not move like the multiple they are filed as. Source: ETFIQ.

Check it yourself

Every figure above is in the file below, fund by fund, with the excluded funds and the reason for each. It is free to use, including commercially, with attribution to ETFIQ and a link.

Data fileEvery fund in this study, with the exclusionsetfiq.com/data/quarterly/2026-q3-leverage.json MethodHow these figures are computedetfiq.com/methodology/leverage Open dataThe manifest describing every file ETFIQ publishesetfiq.com/data/Cite thisETFIQ, Leveraged ETFs against their own promise, 2026-Q3, Oct 2, 2026etfiq.com/research/quarterly/2026-q3-leveraged/