{"url":"https://etfiq.com/compare/leverage/sndq-vs-sndu","section":"compare","title":"SNDQ vs SNDU: which held to its multiple? | ETFIQ","description":"SNDQ sets out to return -2 times SNDK each day and SNDU +2 times. Over the three months to Sep 30, 2026 they finished \u221283.4 pts and \u221223.2 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, SNDQ or SNDU?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, SNDQ finished 83.4 points from what its multiple implies and SNDU finished 23.2 points from its own, so SNDU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SNDQ and SNDU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Sandisk, SNDQ at -2 times and SNDU at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SNDQ or SNDU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SNDQ\u2019s moved at 117% annualized and SNDU\u2019s at 117%, so SNDQ has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SNDQ or SNDU 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, SNDQ or SNDU?","acceptedAnswer":{"@type":"Answer","text":"SNDQ charges 1.49% a year and SNDU charges 1.50%, so SNDQ 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":"SNDQ vs SNDU","item":"https://etfiq.com/compare/leverage/sndq-vs-sndu"}]},{"@type":"WebPage","name":"SNDQ vs SNDU: which held to its multiple?","description":"SNDQ sets out to return -2 times SNDK each day and SNDU +2 times. Over the three months to Sep 30, 2026 they finished \u221283.4 pts and \u221223.2 pts away.","url":"https://etfiq.com/compare/leverage/sndq-vs-sndu","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, SNDQ finished 0.3 points over and SNDU 4.3 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of SNDQ and SNDU","description":"SNDQ sets out to return -2 times SNDK each day and SNDU +2 times. Over the three months to Sep 30, 2026 they finished \u221283.4 pts and \u221223.2 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/sndq-vs-sndu","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":7106,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / SNDQ vs SNDU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n SNDQ vs SNDU: which held to its multiple?\n\n Over three months against its own daily promise, SNDQ finished 0.3 points over and SNDU 4.3 points short.\n Copy this for sharing \n \n Tradr 2X Short SNDK Daily ETF and T-REX 2X LONG SNDK DAILY TARGET ETF.\n\n Download as PDF \n\n \u221254.7% SNDQ returned, 3 months \n \u221252.0% SNDU returned, 3 months \n \u221283.4 pts SNDQ from its stated multiple \n \u221223.2 pts SNDU from its stated multiple \n\n ETFIQ Decay Resistance Score: SNDQ scores higher\n Did i","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/sndq-vs-sndu","a":{"ticker":"SNDQ","name":"Tradr 2X Short SNDK Daily ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SNDQ returned \u221254.7% where its own daily promise gave \u221255.0%, 0.3 points over.","url":"https://etfiq.com/funds/sndq","key_facts":[{"label":"What SNDK did","value":"\u221214.4%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221255.0%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221254.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+0.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$146m","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, Apr 22, 2026"}]},"b":{"ticker":"SNDU","name":"T-REX 2X LONG SNDK DAILY TARGET ETF","issuer":"T-REX","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SNDU returned \u221252.0% where its own daily promise gave \u221247.7%, 4.3 points short.","url":"https://etfiq.com/funds/sndu","key_facts":[{"label":"What SNDK did","value":"\u221214.4%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221247.7%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221252.0%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22124.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$300m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"1.50%","as_of":"2026-09-30","source":"485BPOS XBRL, Mar 11, 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/sndq-vs-sndu"}