{
 "ticker": "CEGX",
 "name": "Tradr 2X Long CEG Daily ETF",
 "issuer": "Tradr",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/CEGX",
 "html": "https://etfiq.com/funds/CEGX",
 "markdown": "https://etfiq.com/funds/CEGX.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: CEGX returned +19.6% where its own daily promise gave +22.5%, 2.9 points short.",
 "key_facts": [
  {
   "key": "what_ceg_did",
   "label": "What CEG did",
   "value": "+12.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CEGX, what CEG did: +12.4%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "+22.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CEGX, what +2 times a day gives: +22.5%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+19.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CEGX, what the fund returned: +19.6%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.9 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CEGX, the fund itself cost: \u22122.9 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$19m",
   "source": "source, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "CEGX, net assets: $19m (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": "CEGX, 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 CEG, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.58 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "CEG",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$19m",
   "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": "35% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+2.7%",
   "CEG": "+2.3%",
   "+2x the move": "+4.7%",
   "Difference": "\u22121.9 pts",
   "CEG moved about": "33%"
  },
  {
   "window": "3 months",
   "Fund": "+19.6%",
   "CEG": "+12.4%",
   "+2x the move": "+24.8%",
   "Difference": "\u22125.2 pts",
   "CEG moved about": "35%"
  },
  {
   "window": "6 months",
   "Fund": "\u221222.5%",
   "CEG": "\u22125.3%",
   "+2x the move": "\u221210.7%",
   "Difference": "\u221211.8 pts",
   "CEG moved about": "45%"
  },
  {
   "window": "1 year",
   "Fund": "\u221241.1%",
   "CEG": "\u22129.9%",
   "+2x the move": "\u221219.9%",
   "Difference": "\u221221.2 pts",
   "CEG moved about": "47%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221244.0%",
   "CEG": "\u221210.8%",
   "+2x the move": "\u221221.7%",
   "Difference": "\u221222.4 pts",
   "CEG moved about": "45%"
  }
 ],
 "questions": [
  {
   "q": "Did CEGX return +2 times CEG?",
   "a": "Over the window to Sep 11, 2026, CEG moved +12.4% and CEGX returned +19.6%. 2 times that move is +24.8%, so the fund came out 5.2 points short of it."
  },
  {
   "q": "Why does CEGX not return +2 times over a year?",
   "a": "Because it resets daily. CEGX 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)."
}