# APPX (Tradr 2X Long APP Daily ETF)

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

Three months to Sep 11, 2026: APPX returned −64.5% where its own daily promise gave −63.2%, 1.2 points short.

## Key facts

- APPX, what APP did: −34.8%, as of Sep 11, 2026.
- APPX, what +2 times a day gives: −63.2%, as of Sep 11, 2026.
- APPX, what the fund returned: −64.5%, as of Sep 11, 2026.
- APPX, the fund itself cost: −1.2 pts, as of Sep 11, 2026.
- APPX, net assets: $112m (source, as filed for Jun 30, 2026).
- APPX, expense ratio: 1.36% (485BPOS XBRL, Jul 23, 2026).

## APPX over each window to Sep 11, 2026

| Window | Fund | APP | +2x the move | Difference | APP moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +10.8% | +6.7% | +13.3% | −2.5 pts | 32% |
| 3 months | −64.5% | −34.8% | −69.6% | +5.1 pts | 68% |
| 6 months | −63.4% | −29.4% | −58.7% | −4.7 pts | 68% |
| 1 year | −84.4% | −43.3% | −86.6% | +2.2 pts | 73% |
| Since launch | −44.6% | +17.0% | +34.0% | −78.6 pts | 70% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of APP, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.85 times, against +2 stated | ETFIQ |
| Underlying | APP | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $112m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.36% | 485BPOS XBRL, Jul 23, 2026 |
| Launched | Apr 25, 2025 | ETFIQ |
| Underlying volatility over the window | 68% annualized | ETFIQ |

## Questions

### Did APPX return +2 times APP?

Over the window to Sep 11, 2026, APP moved −34.8% and APPX returned −64.5%. 2 times that move is −69.6%, so the fund came out 5.1 points ahead of it.

### Why does APPX not return +2 times over a year?

Because it resets daily. APPX 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.

### Which +2x APP ETF tracked its stated multiple most closely?

2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

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

HTML: https://etfiq.com/funds/APPX  ·  JSON: https://etfiq.com/funds/APPX.json