# LQDD (MicroSectors -3x Short Investment Grade Corporate Bond (LQD) ETNs)

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

One month to Sep 11, 2026: LQDD returned +4.1% where its own daily promise gave +3.8%, 0.4 points over.

## Key facts

- LQDD, what LQD did: −1.3%, as of Sep 11, 2026.
- LQDD, what −3 times a day gives: +3.8%, as of Sep 11, 2026.
- LQDD, what the fund returned: +4.1%, as of Sep 11, 2026.
- LQDD, the fund itself added: +0.4 pts, as of Sep 11, 2026.
- LQDD, expense ratio: not read by ETFIQ, as of Sep 11, 2026.
- LQDD, underlying: LQD, as of Sep 11, 2026.

## LQDD over each window to Sep 11, 2026

| Window | Fund | LQD | -3x the move | Difference | LQD moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +4.1% | −1.3% | +3.8% | +0.3 pts | 6% |
| Since launch | +3.8% | −1.2% | +3.5% | +0.3 pts | 6% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -3 times the daily move of LQD, reset daily | ETFIQ |
| Multiple a holder actually got over the window | LQD moved −1.3% over this window, too little to read a multiple from | ETFIQ |
| Underlying | LQD | ETFIQ |
| Segment | sector or country, index | ETFIQ |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Aug 11, 2026 | ETFIQ |
| Underlying volatility over the window | 6% annualized | ETFIQ |

## Questions

### Did LQDD return -3 times LQD?

Over the window to Sep 11, 2026, LQD moved −1.3% and LQDD returned +4.1%. 3 times that move is +3.8%, so the fund came out 0.3 points ahead of it.

### Why does LQDD not return -3 times over a year?

Because it resets daily. LQDD aims at -3 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 -3 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, LQDD, data as of Sep 11, 2026. https://etfiq.com/funds/LQDD
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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