{"url":"https://etfiq.com/compare/leverage/cbrx-vs-cbrz","section":"compare","title":"CBRX vs CBRZ: which held to its multiple? | ETFIQ","description":"CBRX sets out to return +2 times CBRS each day and CBRZ -2 times. Over the three months to Sep 30, 2026 they finished \u221213.3 pts and \u221278.0 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, CBRX or CBRZ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, CBRX finished 13.3 points from what its multiple implies and CBRZ finished 78.0 points from its own, so CBRX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are CBRX and CBRZ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Cerebras Systems, CBRX at +2 times and CBRZ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, CBRX or CBRZ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window CBRX\u2019s moved at 108% annualized and CBRZ\u2019s at 108%, so CBRX has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold CBRX or CBRZ for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, CBRX or CBRZ?","acceptedAnswer":{"@type":"Answer","text":"CBRX charges 1.49% a year and CBRZ charges 1.49%, so CBRX is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"CBRX vs CBRZ","item":"https://etfiq.com/compare/leverage/cbrx-vs-cbrz"}]},{"@type":"WebPage","name":"CBRX vs CBRZ: which held to its multiple?","description":"CBRX sets out to return +2 times CBRS each day and CBRZ -2 times. Over the three months to Sep 30, 2026 they finished \u221213.3 pts and \u221278.0 pts away.","url":"https://etfiq.com/compare/leverage/cbrx-vs-cbrz","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, CBRX finished 1.2 points short and CBRZ 0.5 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of CBRX and CBRZ","description":"CBRX sets out to return +2 times CBRS each day and CBRZ -2 times. Over the three months to Sep 30, 2026 they finished \u221213.3 pts and \u221278.0 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/cbrx-vs-cbrz","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6872,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / CBRX vs CBRZ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n CBRX vs CBRZ: which held to its multiple?\n\n Over three months against its own daily promise, CBRX finished 1.2 points short and CBRZ 0.5 points over.\n Copy this for sharing \n \n Tradr 2X Long CBRS Daily ETF and Tradr 2X Short CBRS Daily ETF.\n\n Download as PDF \n\n \u221252.7% CBRX returned, 3 months \n \u221238.6% CBRZ returned, 3 months \n \u221213.3 pts CBRX from its stated multiple \n \u221278.0 pts CBRZ from its stated multiple \n\n ETFIQ Decay Resistance Score: CBRX scores higher\n Did it keep ","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/cbrx-vs-cbrz","a":{"ticker":"CBRX","name":"Tradr 2X Long CBRS Daily ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: CBRX returned \u221252.7% where its own daily promise gave \u221251.5%, 1.2 points short.","url":"https://etfiq.com/funds/cbrx","key_facts":[{"label":"What CBRS did","value":"\u221219.7%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221251.5%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221252.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.2 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$10m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.49%","as_of":"2026-09-30","source":"485BPOS XBRL, May 27, 2026"}]},"b":{"ticker":"CBRZ","name":"Tradr 2X Short CBRS Daily ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: CBRZ returned \u221238.6% where its own daily promise gave \u221239.1%, 0.5 points over.","url":"https://etfiq.com/funds/cbrz","key_facts":[{"label":"What CBRS did","value":"\u221219.7%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221239.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221238.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+0.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$5m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.49%","as_of":"2026-09-30","source":"485BPOS XBRL, May 27, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/cbrx-vs-cbrz"}