# CSEX (Tradr 2X Long CLS Daily ETF)

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

Three months to Sep 11, 2026: CSEX returned −35.7% where its own daily promise gave −34.1%, 1.6 points short.

## Key facts

- CSEX, what CLS did: −11.8%, as of Sep 11, 2026.
- CSEX, what +2 times a day gives: −34.1%, as of Sep 11, 2026.
- CSEX, what the fund returned: −35.7%, as of Sep 11, 2026.
- CSEX, the fund itself cost: −1.6 pts, as of Sep 11, 2026.
- CSEX, net assets: $14m (source, as filed for Jun 30, 2026).
- CSEX, expense ratio: 1.30% (485BPOS XBRL, Oct 21, 2025).

## CSEX over each window to Sep 11, 2026

| Window | Fund | CLS | +2x the move | Difference | CLS moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −0.7% | +2.1% | +4.2% | −4.9 pts | 71% |
| 3 months | −35.7% | −11.8% | −23.7% | −12.0 pts | 81% |
| 6 months | +18.2% | +31.5% | +63.1% | −44.9 pts | 82% |
| Since launch | −23.2% | +18.4% | +36.8% | −59.9 pts | 79% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of CLS, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +3.02 times, against +2 stated | ETFIQ |
| Underlying | CLS | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $14m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.30% | 485BPOS XBRL, Oct 21, 2025 |
| Launched | Nov 13, 2025 | ETFIQ |
| Underlying volatility over the window | 81% annualized | ETFIQ |

## Questions

### Did CSEX return +2 times CLS?

Over the window to Sep 11, 2026, CLS moved −11.8% and CSEX returned −35.7%. 2 times that move is −23.7%, so the fund came out 12.0 points short of it.

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

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

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