AXTL +2x Leverage Shares 2X Long AXTI Daily ETF

AXTL

ETF +2x BULL standard
Leverage Shares 2X Long AXTI Daily ETF
Issuer: Leverage Shares · Tracks: AXTI · Listed: 2026-06-15
Implied AUM
$910200
Last Close
$2.22
20260720
30d Avg Vol
169,693
Options
—
Realized return vs theoretical +2x AXTI
Other leveraged products tracking AXTI
Symbol Factor Direction Issuer Name Implied AUM 30d Vol Options
AXTX +2x BULL Tradr Tradr 2X Long AXTI Daily ETF $107.3M 4,203,386
AXTU +2x BULL T-Rex T-REX 2X Long AXTI Daily Target ETF $5.7M 475,281

How AXTL works

AXTL targets +2x the daily return of AXTI — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.

Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a +2x product on an underlying with 25% annualized vol, expected annual drag is around 6.2%. Add expense ratio and the realized number is typically worse.

  • Short-term tactical: daily and intraday holds are where these products were designed to live.
  • Premium selling: options on AXTL carry very rich IV — see the quote page for IV rank and straddle pricing.
  • Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.