Key Highlights

  • BEX fell 22.08% to $16.55 on Friday, October 23, 2026, as screened, the largest loss among the nine funds.
  • The three Bloom Energy funds fell between 21.06% and 22.08%, a spread of about 1.02 percentage points (calculated).
  • CAMC and AMKX each lost more than 21%, even though neither Camtek nor Amkor had news identified for the session.
  • APMI fell 16.14%, close to twice Applied Materials' 8.16% closing drop on October 22.
  • A 22.08% fund loss needs a gain of about 28.3% to recover, a calculated figure.

Which Leveraged ETFs Lost the Most on October 23, and Why Did They Fall?

Nine funds that target twice the daily move of a single stock fell between 16% and 22% as screened on Friday, October 23, 2026. Tradr 2X Long BE Daily ETF (CBOE:BEX) fell 22.08% to $16.55 after Bloom Energy (NYSE:BE) reported a large beat but negative operating cash flow of $27.1 million. Leverage Shares 2x Long BE Daily ETF (NASDAQ:BEG) lost 21.87% and Corgi BE 2x Daily ETF (CBOE:BEC) 21.06% on the same stock. Corgi CAMT 2x Daily ETF (CBOE:CAMC) lost 21.32% and Corgi AMKR 2x Daily ETF (CBOE:AMKX) 21.22%, tracking Camtek (NASDAQ:CAMT) and Amkor Technology (NASDAQ:AMKR). Leverage Shares 2x Long FIX Daily ETF (CBOE:FIXX) fell 18.06% on Comfort Systems USA (NYSE:FIX), Corgi MPWR 2x Daily ETF (CBOE:MPWC) 17.88% on Monolithic Power Systems (NASDAQ:MPWR), Corgi KEYS 2x Daily ETF (CBOE:KEYX) 17.79% on Keysight Technologies (NYSE:KEYS) and Corgi AMAT 2x Daily ETF (CBOE:APMI) 16.14% on Applied Materials (NASDAQ:AMAT).

Most of the underlyings had reported strong numbers, so the common thread is expectations and a sector pullback after Lam Research (NASDAQ:LRCX) closed down 11.76% on Thursday, October 22. Daily-reset funds magnify such moves, which is information about mechanics and not a recommendation.

Tradr 2X Long BE Daily ETF: Why Did It Fall After a Bloom Energy Beat?

BEX began trading on November 12, 2025 and carries a 1.30% expense ratio. The 22.08% loss implies Bloom Energy fell about 11.0% (calculated). Non-GAAP EPS of $0.94 beat the $0.68 market estimate and revenue rose 138.1% to $1,235.8 million, but shares were reported about 6% lower in after-hours trading on October 22 because operating cash flow turned negative while expectations were high. The company raised 2026 revenue guidance to $4.4 billion to $4.6 billion.

Leverage Shares 2x Long BE Daily ETF: Is Working Capital Behind the Slide?

BEG launched on December 16, 2025 with a 0.75% expense ratio and fell 21.87%, implying a Bloom Energy drop near 10.9% (calculated). The report showed inventories of $927.7 million, receivables of $634.7 million and current contract assets of $792.8 million, which explain the cash outflow even as GAAP gross margin rose to 33.8% from 29.2%. Management expects contract assets to convert into billings.

Corgi BE 2x Daily ETF: Does a Small Fund Fall by the Same Amount?

BEC launched on June 29, 2026, charges 0.45% and has about $1.4 million in net assets. Its 21.06% fall implies a Bloom Energy decline of roughly 10.5% (calculated), the smallest of the three, and small funds can show wider spreads. The stock had traded near $222 on October 20 against a 50-day average near $250, so it entered the report below its recent trend.

Corgi CAMT 2x Daily ETF: Why Did It Sink After Camtek Pre-Announced Record Revenue?

CAMC fell 21.32% to $10.04, implying Camtek fell about 10.7% (calculated) from a fund price near $12.76. Camtek makes wafer inspection equipment and on October 14 pre-announced record third-quarter revenue of $160 million to $161 million and a fourth-quarter outlook near $180 million. No company news was identified for the session. Full results are due on Wednesday, November 4, 2026.

Corgi AMKR 2x Daily ETF: What Is Weighing on Amkor Before October 26?

AMKX fell 21.22% to $5.78, implying Amkor dropped roughly 10.6% (calculated). Amkor provides chip packaging and test services, and on October 21 it agreed with Nvidia (NASDAQ:NVDA) on about $1.3 billion of added packaging capacity in South Korea. It reports third-quarter results after the close on Monday, October 26, with guidance for net sales of $1.95 billion to $2.05 billion and earnings of $0.72 to $0.82 per share.

Leverage Shares 2x Long FIX Daily ETF: Why Did It Fall After a Backlog Surge?

FIXX began trading on August 19, 2026 and has roughly $132,000 in assets (calculated). Its 18.06% fall implies Comfort Systems dropped about 9.0% (calculated) a day after record third-quarter revenue of $3.77 billion, up 53.7%, and a backlog of $17.81 billion, up 89.9%. No company announcement was attached to Friday's move, and funds tied to AI-infrastructure names fell broadly.

Corgi MPWR 2x Daily ETF: Why Is Monolithic Power Falling After Record Sales?

MPWC fell 17.88% to $16.65, implying a Monolithic Power drop near 8.9% (calculated). The chip maker posted record second-quarter revenue of $980.6 million, up 47.6%, with enterprise data sales up 164.3%. It guided third-quarter revenue to $1.14 billion to $1.16 billion and reports on Thursday, October 29, 2026. The fund is about 38.7% below its October 7 price (calculated).

Corgi KEYS 2x Daily ETF: Why Is Keysight Sliding Despite Record Orders?

KEYX fell 17.79% to $17.49, implying Keysight slid about 8.9% (calculated). On August 18 Keysight reported fiscal third-quarter revenue of $1.85 billion, up 36%, and orders of $2.09 billion against $1.34 billion a year earlier. It guided fiscal fourth-quarter revenue to $1.93 billion to $1.95 billion, and no company news was identified for the session.

Corgi AMAT 2x Daily ETF: Does the Fund Match Applied Materials' Fall?

APMI fell 16.14% to $8.64. Applied Materials closed down 8.16% at $375.58 on October 22, and twice that is about 16.3% (calculated), so the screened move tracks that session. The company reported record fiscal third-quarter revenue of $9.12 billion on August 13 and guided the fourth quarter to about $10.25 billion. It reports on Thursday, November 12, 2026.

Biggest Leveraged ETF Losers Compared: How Do the Fund Moves Stack Up Against the Stocks?

Halving each loss gives the implied stock move (calculated, before fees): Bloom Energy 10.5% to 11.0%, Camtek 10.7%, Amkor 10.6%, Comfort Systems 9.0%, Monolithic Power 8.9%, Keysight 8.9% and Applied Materials 8.1%. The gap between the largest fund loss, BEX at 22.08%, and the smallest, APMI at 16.14%, is about 5.94 percentage points (calculated).

Recovery arithmetic is lopsided. BEX needs about a 28.3% gain to return to its prior value, CAMC about 27.1%, AMKX 26.9%, MPWC 21.8%, KEYX 21.6% and APMI 19.2% (all calculated). Five of the nine funds are Corgi products with a 0.45% expense ratio and net assets between about $115 thousand and $1.4 million, so spreads can differ from larger funds.

What to Watch Next: Which Dates Test the Underlying Stocks?

Amkor reports on Monday, October 26, and the Federal Reserve meets on Wednesday, October 28. Monolithic Power reports on Thursday, October 29, Camtek on Wednesday, November 4 and Applied Materials on Thursday, November 12. Bloom Energy's quarterly filing and Comfort Systems' backlog conversion are the other items for the underlyings. Leveraged funds reset daily, can lose value quickly and are built for short periods.