{
 "ticker": "CRDU",
 "name": "Tradr 2X Long CRDO Daily ETF",
 "issuer": "Tradr",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/CRDU",
 "html": "https://etfiq.com/funds/CRDU",
 "markdown": "https://etfiq.com/funds/CRDU.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: CRDU returned \u221269.8% where its own daily promise gave \u221268.8%, 1.0 points short.",
 "key_facts": [
  {
   "key": "what_crdo_did",
   "label": "What CRDO did",
   "value": "\u221235.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CRDU, what CRDO did: \u221235.0%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "\u221268.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CRDU, what +2 times a day gives: \u221268.8%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221269.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CRDU, what the fund returned: \u221269.8%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22121.0 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CRDU, the fund itself cost: \u22121.0 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$158m",
   "source": "source, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "CRDU, net assets: $158m (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": "CRDU, 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 CRDO, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.99 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "CRDO",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$158m",
   "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": "Sep 16, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "105% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221267.4%",
   "CRDO": "\u221239.2%",
   "+2x the move": "\u221278.5%",
   "Difference": "+11.0 pts",
   "CRDO moved about": "96%"
  },
  {
   "window": "3 months",
   "Fund": "\u221269.8%",
   "CRDO": "\u221235.0%",
   "+2x the move": "\u221270.1%",
   "Difference": "+0.3 pts",
   "CRDO moved about": "105%"
  },
  {
   "window": "6 months",
   "Fund": "+5.4%",
   "CRDO": "+38.5%",
   "+2x the move": "+76.9%",
   "Difference": "\u221271.5 pts",
   "CRDO moved about": "103%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221265.3%",
   "CRDO": "\u22120.9%",
   "+2x the move": "\u22121.8%",
   "Difference": "\u221263.5 pts",
   "CRDO moved about": "96%"
  }
 ],
 "questions": [
  {
   "q": "Did CRDU return +2 times CRDO?",
   "a": "Over the window to Sep 11, 2026, CRDO moved \u221235.0% and CRDU returned \u221269.8%. 2 times that move is \u221270.1%, so the fund came out 0.3 points ahead of it."
  },
  {
   "q": "Why does CRDU not return +2 times over a year?",
   "a": "Because it resets daily. CRDU 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."
  },
  {
   "q": "Which +2x CRDO ETF tracked its stated multiple most closely?",
   "a": "2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}