{
 "ticker": "AXTQ",
 "name": "Tradr 2X Short AXTI Daily ETF",
 "issuer": "Tradr",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/AXTQ",
 "html": "https://etfiq.com/funds/AXTQ",
 "markdown": "https://etfiq.com/funds/AXTQ.md",
 "as_of": "2026-09-11",
 "verdict": "Since launch to Sep 11, 2026: AXTQ returned +31.0% where its own daily promise gave +29.4%, 1.6 points over.",
 "key_facts": [
  {
   "key": "what_axti_did",
   "label": "What AXTI did",
   "value": "\u221221.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "AXTQ, what AXTI did: \u221221.3%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What \u22122 times a day gives",
   "value": "+29.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "AXTQ, what \u22122 times a day gives: +29.4%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+31.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "AXTQ, what the fund returned: +31.0%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_added",
   "label": "The fund itself added",
   "value": "+1.6 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "AXTQ, the fund itself added: +1.6 pts, as of Sep 11, 2026."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.49%",
   "source": "485BPOS XBRL, Jul 31, 2026",
   "as_of": "2026-09-11",
   "sentence": "AXTQ, expense ratio: 1.49% (485BPOS XBRL, Jul 31, 2026)."
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "AXTI",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "AXTQ, underlying: AXTI, as of Sep 11, 2026."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "-2 times the daily move of AXTI, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "-1.46 times, against -2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "AXTI",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.49%",
   "source": "485BPOS XBRL, Jul 31, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Aug 18, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "102% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "Since launch",
   "Fund": "+31.0%",
   "AXTI": "\u221221.3%",
   "-2x the move": "+42.6%",
   "Difference": "\u221211.6 pts",
   "AXTI moved about": "102%"
  }
 ],
 "questions": [
  {
   "q": "Did AXTQ return -2 times AXTI?",
   "a": "Over the window to Sep 11, 2026, AXTI moved \u221221.3% and AXTQ returned +31.0%. 2 times that move is +42.6%, so the fund came out 11.6 points short of it."
  },
  {
   "q": "Why does AXTQ not return -2 times over a year?",
   "a": "Because it resets daily. AXTQ 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."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}