At LongPoint ETFs, we’re known for doing things differently from traditional product providers, offering Canadian investors a truly unique ETF lineup. This month, Canada’s first triple leveraged ETFs, launched by LongPoint under the MegaLong and MegaShort brands, hit a major milestone and are celebrating their first anniversary.
Six of our nine Mega ETFs, turned one year-old on May 22nd. In 2025, we gave Canadian investors their first opportunity to actively invest in the Nasdaq-100® Index, the S&P 500® Index and U.S. Semiconductors, using our triple levered long and short ETFs, traded in Canadian dollars, on our local Toronto Stock Exchange. The Mega ETFs allow Canadians to support a Canadian owned and operated company, instead of looking south of the border.
Today’s update provides insight into the Mega ETF’s performance, built for active investors.
SOXU Expected Performance
Source: LongPoint ETFs as at May 22, 2026.
Commissions, trailing commissions, management fees and expenses all may be associated with investments in ETFs. Please read the prospectus before investing.
The indicated rates of return are the historical annual compounded total returns (or point-to-point total returns, as applicable) including changes in unit value and reinvestment of all distributions, and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any shareholder that would have reduced returns.
Past performance is not indicative of future results.
ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETFs are bought and sold at market price on an exchange and may trade at a discount or premium to net asset value.
Our Mega ETFs have provided significant opportunities for active investors to capitalize on market movement and volatility. Since March31, semi-conductors and growth sectors of the market have taken off, on the continued expectation of exponential AI supply growth and the demand for AI integration across companies. Focusing on the last month, semiconductors have outpaced the Nasdaq-100® Index and the S&P 500® Index based on the more concentrated AI exposure. The Nasdaq has benefitted from large weights in semiconductors and AI infrastructure companies, while the S&P 500 has lagged relatively due to its broader exposure to consumer and financial companies.
For semi-conductors, NVIDIA Corp. (ticker: NVDA) is the leader in the space, however it is operating at full capacity, which benefits the broader semiconductor industry as secondary companies pick up the excess demand. As well, while NVIDIA continues to beat earnings expectations, including most recently on May 20, investors have such high expectations that it is harder for the stock price to outperform.
Daily rebalancing has important implications for the performance of a leveraged ETF for periods longer than a day. For leveraged long ETFs, increases in the benchmark push the daily leveraged ETFs net assets higher, which means an increase in exposure by a multiple of the gain in its net assets. Decreases in the benchmark index lead to a decline in net assets, which results in a reduction of exposure in an amount which is a multiple of the decline in the net assets. This means that a daily leveraged long ETF responds to gains by becoming more aggressive and responds to losses by becoming more defensive.
If the benchmark trends upward over several days, the leveraged long ETF’s gains can exceed the cumulative benchmark return multiplied by the ETF's target multiple. If the benchmark trends downward over several days, the leveraged long ETF's loss may be smaller than the cumulative benchmark return multiplied by the ETF's target multiple. In volatile markets with no clear trend, the impact of daily rebalancing can be harmful to the performance of leveraged ETFs over time. A continued pattern of this sort will typically reduce the longer-term returns of the ETF.
Excess two-way volatility is typically a performance drag, however the strength of the current rally has meant that certain ETFs have outperformed 3X exposure over certain time periods. Looking at the past month, SOXU has returned 81.1% while U.S. semi-conductors have returned 26.0%, an excess return of 3.1%.
Thursday May 28, 2026
BNKU: MegaLong (3X) Canadian Banks Daily Leveraged Alternative ETF
CGMU: MegaLong (3X) Canadian Gold Miners Daily Leveraged Alternative ETF
CGMD: MegaShort (-3X) Canadian Gold Miners Daily Leveraged Alternative ETF
Wednesday June 3, 2026
TSLU: SavvyLong (2X)TSLA ETF
NVDU: SavvyLong (2X) NVDA ETF
ALPU: SavvyLong (2X) GOOGL ETF
MSFT: SavvyLong (2X) MSFT ETF
AAPU: SavvyLong (2X) AAPL ETF
AMZU: SavvyLong (2X) AMZN ETF
WednesdayAugust 12, 2026
TSLD: SavvyShort (-2X) TSLA ETF
NVDD: SavvyShort (-2X) NVDA ETF
As Canada’s fastest growing ETF issuer in 2025, we are always on the move. Whether we’re launching new Mega or Savvy ETFs or working with asset managers to bring truly unique ETFs to the Canadian space through the LongPoint Partnership Platform, we always have something new to report.
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Disclaimer
This article is intended for active, high-conviction investors. Always read the full prospectus and disclaimers before investing. Visit www.longpointetfs.com for more information.
LongPoint’s Proprietary ETFs, which include the Mega ETFs, Savvy ETFs and Geared ETFs (the “Proprietary ETFs”), are all alternative mutual funds, and as such, are permitted to invest in asset classes or use investment strategies that are not permitted for other types of mutual funds. The Proprietary ETFs are highly speculative and use a significant amount of leverage which magnifies gains and losses.
The Proprietary ETFs are intended for use in daily or short-term trading strategies by very knowledgeable, sophisticated investors. If you hold a Proprietary ETF for more than one day, your return could vary considerably from that ETF's daily target return. The Proprietary ETFs are not suitable for investors who do not intend to actively monitor and manage their investments.
The Proprietary ETFs, through the use of leverage, may experience amplified losses and should not be expected to deliver their daily return objective over any period of time other than daily. The returns of the Proprietary ETFs over periods longer than one day will likely differ in amount and possibly direction from the performance or inverse performance, as applicable, of their daily target for the same period. This effect is more pronounced for the Proprietary ETFs as the volatility of the daily target and/or the period of time increases. An investor in a Proprietary ETF could lose their entire investment within a single day if the daily target experiences a significant gain or loss, as applicable, that day. This material is for informational purposes only. This material is not intended to be relied upon as research, investment, or tax advice and is not an implied or express recommendation, offer or solicitation to buy or sell any security or to adopt any particular investment or portfolio strategy. Any views and opinions expressed do not take into account the particular investment objectives, needs, restrictions and circumstances of a specific investor and, thus, should not be used as the basis of any specific investment recommendation. Investors should consult a financial and/or tax advisor for financial and/or tax information applicable to their specific situation. All ETFs, including those that seek to track an index are subject to risk, including the possible loss of principal. Diversification does not ensure a profit or protect against a loss in a declining market. While the LongPoint ETFs are designed to be as diversified as the original indices they seek to track and may provide greater diversification than an individual investor may achieve independently, any given ETF may not be a diversified investment. Before investing in shares of the ETFs, investors should consider their ongoing obligations with respect to insider trading, insider reporting, and take-over bids under the Securities Act (Ontario) or other relevant securities legislation (including National Instruments) and as explained in National Policies. Securities regulators may take the view that these provisions extend to the purchase and sale of Shares of the ETFs as they invest in securities of a single issuer, including on a look-through basis.
All data contained herein is provided “as is” and LongPoint makes no representation or warranty of any kind, either express or implied, with respect to such data, the timeliness thereof, the results to be obtained by the use thereof or any other matter. LongPoint expressly disclaims any and all implied warranties, including without limitation, warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose.
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