# AAOZ (Tradr 2X Short AAOI Daily ETF)

Tradr · Leveraged ETFs · data as of Sep 11, 2026

One month to Sep 11, 2026: AAOZ returned +28.4% where its own daily promise gave +27.8%, 0.5 points over.

## Key facts

- AAOZ, what AAOI did: −23.7%, as of Sep 11, 2026.
- AAOZ, what −2 times a day gives: +27.8%, as of Sep 11, 2026.
- AAOZ, what the fund returned: +28.4%, as of Sep 11, 2026.
- AAOZ, the fund itself added: +0.5 pts, as of Sep 11, 2026.
- AAOZ, expense ratio: 1.49% (485BPOS XBRL, Jun 23, 2026).
- AAOZ, underlying: AAOI, as of Sep 11, 2026.

## AAOZ over each window to Sep 11, 2026

| Window | Fund | AAOI | -2x the move | Difference | AAOI moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +28.4% | −23.7% | +47.4% | −19.0 pts | 107% |
| Since launch | −57.4% | −3.4% | +6.8% | −64.3 pts | 132% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of AAOI, reset daily | ETFIQ |
| Multiple a holder actually got over the window | -1.2 times, against -2 stated | ETFIQ |
| Underlying | AAOI | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Expense ratio | 1.49% | 485BPOS XBRL, Jun 23, 2026 |
| Launched | Jul 15, 2026 | ETFIQ |
| Underlying volatility over the window | 107% annualized | ETFIQ |

## Questions

### Did AAOZ return -2 times AAOI?

Over the window to Sep 11, 2026, AAOI moved −23.7% and AAOZ returned +28.4%. 2 times that move is +47.4%, so the fund came out 19.0 points short of it.

### Why does AAOZ not return -2 times over a year?

Because it resets daily. AAOZ aims at -2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, AAOZ, data as of Sep 11, 2026. https://etfiq.com/funds/AAOZ
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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