{
 "ticker": "ASTX",
 "name": "Tradr 2X Long ASTS Daily ETF",
 "issuer": "Tradr",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/ASTX",
 "html": "https://etfiq.com/funds/ASTX",
 "markdown": "https://etfiq.com/funds/ASTX.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: ASTX returned \u221260.4% where its own daily promise gave \u221258.4%, 2.1 points short.",
 "key_facts": [
  {
   "key": "what_asts_did",
   "label": "What ASTS did",
   "value": "\u221227.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ASTX, what ASTS did: \u221227.4%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "\u221258.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ASTX, what +2 times a day gives: \u221258.4%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221260.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ASTX, what the fund returned: \u221260.4%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.1 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ASTX, the fund itself cost: \u22122.1 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$601m",
   "source": "source, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "ASTX, net assets: $601m (source, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.30%",
   "source": "485BPOS XBRL, Jul 23, 2026",
   "as_of": "2026-09-11",
   "sentence": "ASTX, expense ratio: 1.30% (485BPOS XBRL, Jul 23, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of ASTS, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+2.21 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "ASTS",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$601m",
   "source": "source, as filed for Jun 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.30%",
   "source": "485BPOS XBRL, Jul 23, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jul 11, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "98% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221238.8%",
   "ASTS": "\u221219.4%",
   "+2x the move": "\u221238.9%",
   "Difference": "+0.1 pts",
   "ASTS moved about": "74%"
  },
  {
   "window": "3 months",
   "Fund": "\u221260.4%",
   "ASTS": "\u221227.4%",
   "+2x the move": "\u221254.7%",
   "Difference": "\u22125.7 pts",
   "ASTS moved about": "98%"
  },
  {
   "window": "6 months",
   "Fund": "\u221276.1%",
   "ASTS": "\u221230.7%",
   "+2x the move": "\u221261.3%",
   "Difference": "\u221214.7 pts",
   "ASTS moved about": "109%"
  },
  {
   "window": "1 year",
   "Fund": "\u221240.3%",
   "ASTS": "+56.0%",
   "+2x the move": "+112.0%",
   "Difference": "\u2212152.3 pts",
   "ASTS moved about": "111%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221262.1%",
   "ASTS": "+31.3%",
   "+2x the move": "+62.7%",
   "Difference": "\u2212124.8 pts",
   "ASTS moved about": "106%"
  }
 ],
 "questions": [
  {
   "q": "Did ASTX return +2 times ASTS?",
   "a": "Over the window to Sep 11, 2026, ASTS moved \u221227.4% and ASTX returned \u221260.4%. 2 times that move is \u221254.7%, so the fund came out 5.7 points short of it."
  },
  {
   "q": "Why does ASTX not return +2 times over a year?",
   "a": "Because it resets daily. ASTX 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."
  },
  {
   "q": "Which +2x ASTS ETF tracked its stated multiple most closely?",
   "a": "5 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."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}