# CPNX (Tradr 2X Long CPNG Daily ETF)

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

Three months to Sep 11, 2026: CPNX returned −25.7% where its own daily promise gave −22.6%, 3.1 points short.

## Key facts

- CPNX, what CPNG did: −10.1%, as of Sep 11, 2026.
- CPNX, what +2 times a day gives: −22.6%, as of Sep 11, 2026.
- CPNX, what the fund returned: −25.7%, as of Sep 11, 2026.
- CPNX, the fund itself cost: −3.1 pts, as of Sep 11, 2026.
- CPNX, net assets: $2m (source, as filed for Jun 30, 2026).
- CPNX, expense ratio: 1.49% (485BPOS XBRL, Apr 22, 2026).

## CPNX over each window to Sep 11, 2026

| Window | Fund | CPNG | +2x the move | Difference | CPNG moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −16.5% | −7.3% | −14.7% | −1.8 pts | 37% |
| 3 months | −25.7% | −10.1% | −20.2% | −5.5 pts | 42% |
| Since launch | −54.0% | −26.3% | −52.6% | −1.4 pts | 54% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of CPNG, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.54 times, against +2 stated | ETFIQ |
| Underlying | CPNG | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $2m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.49% | 485BPOS XBRL, Apr 22, 2026 |
| Launched | Apr 24, 2026 | ETFIQ |
| Underlying volatility over the window | 42% annualized | ETFIQ |

## Questions

### Did CPNX return +2 times CPNG?

Over the window to Sep 11, 2026, CPNG moved −10.1% and CPNX returned −25.7%. 2 times that move is −20.2%, so the fund came out 5.5 points short of it.

### Why does CPNX not return +2 times over a year?

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

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