# CBRZ (Tradr 2X Short CBRS Daily ETF)

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

Three months to Sep 11, 2026: CBRZ returned −61.8% where its own daily promise gave −62.2%, 0.4 points over.

## Key facts

- CBRZ, what CBRS did: −10.3%, as of Sep 11, 2026.
- CBRZ, what −2 times a day gives: −62.2%, as of Sep 11, 2026.
- CBRZ, what the fund returned: −61.8%, as of Sep 11, 2026.
- CBRZ, the fund itself added: +0.4 pts, as of Sep 11, 2026.
- CBRZ, expense ratio: 1.49% (485BPOS XBRL, May 27, 2026).
- CBRZ, underlying: CBRS, as of Sep 11, 2026.

## CBRZ over each window to Sep 11, 2026

| Window | Fund | CBRS | -2x the move | Difference | CBRS moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +41.4% | −26.8% | +53.5% | −12.1 pts | 102% |
| 3 months | −61.8% | −10.3% | +20.6% | −82.4 pts | 123% |
| Since launch | −64.0% | −19.0% | +38.0% | −102.0 pts | 126% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of CBRS, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +5.99 times, against -2 stated | ETFIQ |
| Underlying | CBRS | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Expense ratio | 1.49% | 485BPOS XBRL, May 27, 2026 |
| Launched | May 29, 2026 | ETFIQ |
| Underlying volatility over the window | 123% annualized | ETFIQ |

## Questions

### Did CBRZ return -2 times CBRS?

Over the window to Sep 11, 2026, CBRS moved −10.3% and CBRZ returned −61.8%. 2 times that move is +20.6%, so the fund came out 82.4 points short of it.

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

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

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