# IBX (Tradr 2X Long IBM Daily ETF)

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

Three months to Sep 11, 2026: IBX returned −32.3% where its own daily promise gave −30.4%, 1.8 points short.

## Key facts

- IBX, what IBM did: −10.0%, as of Sep 11, 2026.
- IBX, what +2 times a day gives: −30.4%, as of Sep 11, 2026.
- IBX, what the fund returned: −32.3%, as of Sep 11, 2026.
- IBX, the fund itself cost: −1.8 pts, as of Sep 11, 2026.
- IBX, net assets: $70m (source, as filed for Jun 30, 2026).
- IBX, expense ratio: 1.30% (485BPOS XBRL, Jul 23, 2026).

## IBX over each window to Sep 11, 2026

| Window | Fund | IBM | +2x the move | Difference | IBM moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +4.6% | +3.1% | +6.2% | −1.6 pts | 31% |
| 3 months | −32.3% | −10.0% | −20.0% | −12.3 pts | 62% |
| Since launch | −19.1% | +2.6% | +5.2% | −24.3 pts | 59% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of IBM, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +3.23 times, against +2 stated | ETFIQ |
| Underlying | IBM | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $70m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.30% | 485BPOS XBRL, Jul 23, 2026 |
| Launched | Mar 24, 2026 | ETFIQ |
| Underlying volatility over the window | 62% annualized | ETFIQ |

## Questions

### Did IBX return +2 times IBM?

Over the window to Sep 11, 2026, IBM moved −10.0% and IBX returned −32.3%. 2 times that move is −20.0%, so the fund came out 12.3 points short of it.

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

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

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