Which came closer to its stated multiple, AXTQ or AXTX?

Over the window to Sep 30, 2026, AXTQ finished 0.3 points from what its multiple implies and AXTX finished 64.2 points from its own, so AXTQ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are AXTQ and AXTX levered on the same thing?

Yes. Both are levered on AXT, AXTQ at -2 times and AXTX at +2 times the daily move.

Which one decays faster, AXTQ or AXTX?

Decay follows how much the underlying moves about. Over this window AXTQ’s moved at 109% annualized and AXTX’s at 158%, so AXTX has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold AXTQ or AXTX 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, AXTQ or AXTX?

AXTQ charges 1.49% a year and AXTX charges 1.49%, so AXTQ is cheaper. Fees come from each fund's prospectus.

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AXTQ vs AXTX: which held to its multiple?

Over a month against its own daily promise, AXTQ finished 0.1 points short and AXTX 2.6 points short. Tradr 2X Short AXTI Daily ETF and Tradr 2X Long AXTI Daily ETF.

−26.0%

AXTQ returned, since launch

−26.1%

AXTX returned, 3 months

−37.9 pts

AXTQ from its stated multiple

−64.2 pts

AXTX from its stated multiple

AXTQ · 1 month to Sep 30, 2026On its stated multiple

AXTQ returned −55.8% while −2 times AXTI's move would have been −55.4%

AXTX · 3 months to Sep 30, 202664.2 pts short of its stated multiple

AXTX returned −26.1% while 2 times AXTI's move would have been +38.1%

Performance, window by window

	Total return		Multiple would give		Difference
Window	AXTQ	AXTX	AXTQ	AXTX	AXTQ	AXTX
1 month	−55.8%	+45.5%	−55.4%	+55.4%	−0.3 pts	−10.0 pts
3 months	not published	−26.1%	not published	+38.1%	not published	−64.2 pts
Since launch AXTQ Aug 2026 · AXTX Apr 2026	−26.0%	−66.3%	+11.9%	+3.3%	−37.9 pts	−69.6 pts

AXTQ and AXTX over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

AXTQ

Tradr 2X Short AXTI Daily ETF · Aims to return twice the opposite of the daily move of AXT (AXTI)

AXTX

Tradr 2X Long AXTI Daily ETF · Aims to return twice the daily move of AXT (AXTI)

Issuer Tradr Tradr

Sets out to return -2x +2x

Underlying asset AXTI AXTI

Segment company company

Fund returned, 3 months or since launch −55.8% −26.1%

Underlying returned, over that window +27.7% +19.0%

What the stated multiple implies, over that window −55.4% +38.1%

Difference from stated, over that window −0.3 pts −64.2 pts

Fund returned, 1 year or since launch −26.0% −66.3%

Difference from stated, over that window −37.9 pts −69.6 pts

Underlying volatility 109% 158%

Difference over the days both have traded no shared window −10.0 pts

Expense ratio 1.49% 1.49%

Launched Aug 18, 2026 Apr 24, 2026

Net assets $10m $159m

AXTQ and AXTX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

AXTQ in plain words

One month to Sep 30, 2026: AXTQ returned −55.8% where its own daily promise gave −55.7%, 0.1 points short. Read the multiple against the whole window instead and −2 times AXTI's 27.7% implies −55.4%, which makes AXTQ look 0.3 points short. 0.3 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. AXTQ aims to return -2 times AXTI'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. AXTI moved at 109% 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.

AXTX in plain words

Three months to Sep 30, 2026: AXTX returned −26.1% where its own daily promise gave −21.7%, 4.3 points short. Read the multiple against the whole window instead and 2 times AXTI's 19.0% implies +38.1%, which makes AXTX look 64.2 points short. 59.8 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. AXTX aims to return +2 times AXTI'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. AXTI moved at 158% annualized over that window.

Questions people ask

Which came closer to its stated multiple, AXTQ or AXTX?: Over the window to Sep 30, 2026, AXTQ finished 0.3 points from what its multiple implies and AXTX finished 64.2 points from its own, so AXTQ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are AXTQ and AXTX levered on the same thing?: Yes. Both are levered on AXT, AXTQ at -2 times and AXTX at +2 times the daily move.
Which one decays faster, AXTQ or AXTX?: Decay follows how much the underlying moves about. Over this window AXTQ’s moved at 109% annualized and AXTX’s at 158%, so AXTX has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold AXTQ or AXTX 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, AXTQ or AXTX?: AXTQ charges 1.49% a year and AXTX charges 1.49%, so AXTQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

AXTQ vs AXTU AXTQ vs AXTC AXTQ vs AXTL AXTX vs AXTC AXTX vs AXTL AXTX vs AXTU

AXTQ on its own →AXTX on its own →How every figure is computed →Standards and sources →

Where these figures came from

AXTQ and AXTX filings on SEC EDGAR ↗AXTQ prospectus with the expense ratio (SEC) ↗Tradr website ↗AXTX prospectus with the expense ratio (SEC) ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, AXTQ against AXTX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/axtq-vs-axtx

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.