MCHU +2x Tradr 2X Long MCHP Daily ETF
MCHU
ETF +2x BULL standardTradr 2X Long MCHP Daily ETF
Implied AUM
$644400
Last Close
$16.11
20260720
30d Avg Vol
5,504
Options
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Realized return vs theoretical +2x MCHP
Other leveraged products tracking MCHP
| Symbol | Factor | Direction | Issuer | Name | Implied AUM | 30d Vol | Options |
|---|---|---|---|---|---|---|---|
| MCHG | +2x | BULL | Leverage Shares | Leverage Shares 2X Long MCHP Daily ETF | $549642 | 7,128 |
How MCHU works
MCHU targets +2x the daily return of MCHP — 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 MCHU 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.