STXU +2x Leverage Shares 2X Long STX Daily ETF

STXU

ETF +2x BULL standard
Leverage Shares 2X Long STX Daily ETF
Issuer: Leverage Shares · Tracks: STX · Listed: 2026-05-11
Implied AUM
$5.1M
Last Close
$11.98
20260720
30d Avg Vol
71,767
Options
—
Realized return vs theoretical +2x STX
Other leveraged products tracking STX
Symbol Factor Direction Issuer Name Implied AUM 30d Vol Options
STXL +2x BULL Defiance Defiance Daily Target 2x Long STX ETF $23.5M 215,619
STXX +2x BULL Tradr Tradr 2X Long STX Daily ETF $15.1M 88,391

How STXU works

STXU targets +2x the daily return of STX — 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 STXU 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.