# BEZ (Tradr 2X Short BE Daily ETF)

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

Three months to Sep 11, 2026: BEZ returned −71.2% where its own daily promise gave −71.5%, 0.3 points over.

## Key facts

- BEZ, what BE did: +6.0%, as of Sep 11, 2026.
- BEZ, what −2 times a day gives: −71.5%, as of Sep 11, 2026.
- BEZ, what the fund returned: −71.2%, as of Sep 11, 2026.
- BEZ, the fund itself added: +0.3 pts, as of Sep 11, 2026.
- BEZ, net assets: $10m (source, as filed for Jun 30, 2026).
- BEZ, expense ratio: 1.49% (485BPOS XBRL, Jan 20, 2026).

## BEZ over each window to Sep 11, 2026

| Window | Fund | BE | -2x the move | Difference | BE moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −35.5% | +16.3% | −32.5% | −2.9 pts | 74% |
| 3 months | −71.2% | +6.0% | −11.9% | −59.2 pts | 119% |
| 6 months | −96.6% | +78.5% | −156.9% | +60.3 pts | 116% |
| Since launch | −97.5% | +77.3% | −154.6% | +57.1 pts | 115% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of BE, reset daily | ETFIQ |
| Multiple a holder actually got over the window | -11.92 times, against -2 stated | ETFIQ |
| Underlying | BE | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $10m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.49% | 485BPOS XBRL, Jan 20, 2026 |
| Launched | Feb 11, 2026 | ETFIQ |
| Underlying volatility over the window | 119% annualized | ETFIQ |

## Questions

### Did BEZ return -2 times BE?

Over the window to Sep 11, 2026, BE moved +6.0% and BEZ returned −71.2%. 2 times that move is −11.9%, so the fund came out 59.2 points short of it.

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

Because it resets daily. BEZ 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, BEZ, data as of Sep 11, 2026. https://etfiq.com/funds/BEZ
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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