Data as of .
CBRX vs CBRZ: which held to its multiple?
Over three months against its own daily promise, CBRX finished 1.9 points short and CBRZ 0.4 points over.
ETFIQ Decay Resistance Score: CBRX scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| CBRX | CBRZ | CBRX | CBRZ | CBRX | CBRZ | |
| 1 month | −51.9% | +41.4% | −53.5% | +53.5% | +1.6 pts | −12.1 pts |
| 3 months | −46.5% | −61.8% | −20.6% | +20.6% | −25.9 pts | −82.4 pts |
| Since launch | −59.1% | −64.0% | −38.0% | +38.0% | −21.1 pts | −102.0 pts |
| CBRX Tradr 2X Long CBRS Daily ETF Aims to return twice the daily move of CBRS | CBRZ Tradr 2X Short CBRS Daily ETF Aims to return twice the opposite of the daily move of CBRS | |
|---|---|---|
| Issuer | Tradr | Tradr |
| Sets out to return | +2x | -2x |
| On | CBRS | CBRS |
| Segment | company | company |
| Fund returned, 3 months | −46.5% | −61.8% |
| Underlying returned, 3 months | −10.3% | −10.3% |
| What the stated multiple implies, 3 months | −20.6% | +20.6% |
| Difference from stated, 3 months | −25.9 pts | −82.4 pts |
| Fund returned, 1 year or since launch | −59.1% | −64.0% |
| Difference from stated, over that window | −21.1 pts | −102.0 pts |
| Underlying volatility | 123% | 123% |
| Difference over the days both have traded | −25.9 pts | no shared window |
| Expense ratio | 1.49% | 1.49% |
| Launched | May 29, 2026 | May 29, 2026 |
CBRX in plain words
Three months to Sep 11, 2026: CBRX returned −46.5% where its own daily promise gave −44.6%, 1.9 points short. Read the multiple against the whole window instead and +2 times CBRS's −10.3% implies −20.6%, which makes CBRX look 25.9 points short. 24.0 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. CBRX aims to return +2 times CBRS's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. CBRS moved at 123% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
CBRZ in plain words
Three months to Sep 11, 2026: CBRZ returned −61.8% where its own daily promise gave −62.2%, 0.4 points over. Read the multiple against the whole window instead and −2 times CBRS's −10.3% implies +20.6%, which makes CBRZ look 82.4 points short. 82.8 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. CBRZ aims to return -2 times CBRS's move each day, then resets. Over longer, the daily results compound, so the total is not -2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.
Questions people ask
- Which came closer to its stated multiple, CBRX or CBRZ?
- Over the window to Sep 11, 2026, CBRX finished 25.9 points from what its multiple implies and CBRZ finished 82.4 points from its own, so CBRX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are CBRX and CBRZ levered on the same thing?
- Yes. Both are levered on CBRS, CBRX at +2 times and CBRZ at -2 times the daily move.
- Which one decays faster, CBRX or CBRZ?
- Decay follows how much the underlying moves about. Over this window CBRX’s moved at 123% annualized and CBRZ’s at 123%, so CBRX has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold CBRX or CBRZ for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, CBRX or CBRZ?
- CBRX charges 1.49% a year and CBRZ charges 1.49%, so CBRX is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, CBRX against CBRZ, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/CBRX-CBRZ Free to use with attribution; the underlying files are at Open data.