# MPWX (Tradr 2X Long MPWR Daily ETF)

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

Three months to Sep 11, 2026: MPWX returned −45.6% where its own daily promise gave −43.9%, 1.7 points short.

## Key facts

- MPWX, what MPWR did: −21.6%, as of Sep 11, 2026.
- MPWX, what +2 times a day gives: −43.9%, as of Sep 11, 2026.
- MPWX, what the fund returned: −45.6%, as of Sep 11, 2026.
- MPWX, the fund itself cost: −1.7 pts, as of Sep 11, 2026.
- MPWX, net assets: $2m (source, as filed for Jun 30, 2026).
- MPWX, expense ratio: 1.49% (485BPOS XBRL, Apr 22, 2026).

## MPWX over each window to Sep 11, 2026

| Window | Fund | MPWR | +2x the move | Difference | MPWR moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −26.6% | −13.4% | −26.7% | +0.2 pts | 38% |
| 3 months | −45.6% | −21.6% | −43.2% | −2.4 pts | 60% |
| Since launch | −52.4% | −24.3% | −48.5% | −3.9 pts | 61% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of MPWR, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.11 times, against +2 stated | ETFIQ |
| Underlying | MPWR | 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 | 60% annualized | ETFIQ |

## Questions

### Did MPWX return +2 times MPWR?

Over the window to Sep 11, 2026, MPWR moved −21.6% and MPWX returned −45.6%. 2 times that move is −43.2%, so the fund came out 2.4 points short of it.

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

Because it resets daily. MPWX 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.

### Which +2x MPWR ETF tracked its stated multiple most closely?

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.


## Cite this page

ETFIQ, MPWX, data as of Sep 11, 2026. https://etfiq.com/funds/MPWX
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/MPWX  ·  JSON: https://etfiq.com/funds/MPWX.json