# MRAX (Tradr 2X Long MRAM Daily ETF)

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

One month to Sep 11, 2026: MRAX returned −14.8% where its own daily promise gave −13.4%, 1.4 points short.

## Key facts

- MRAX, what MRAM did: −4.9%, as of Sep 11, 2026.
- MRAX, what +2 times a day gives: −13.4%, as of Sep 11, 2026.
- MRAX, what the fund returned: −14.8%, as of Sep 11, 2026.
- MRAX, the fund itself cost: −1.4 pts, as of Sep 11, 2026.
- MRAX, expense ratio: 1.49% (485BPOS XBRL, Jul 31, 2026).
- MRAX, underlying: MRAM, as of Sep 11, 2026.

## MRAX over each window to Sep 11, 2026

| Window | Fund | MRAM | +2x the move | Difference | MRAM moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −14.8% | −4.9% | −9.8% | −5.0 pts | 74% |
| Since launch | −8.8% | −1.3% | −2.7% | −6.2 pts | 74% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of MRAM, reset daily | ETFIQ |
| Multiple a holder actually got over the window | MRAM moved −4.9% over this window, too little to read a multiple from | ETFIQ |
| Underlying | MRAM | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Expense ratio | 1.49% | 485BPOS XBRL, Jul 31, 2026 |
| Launched | Aug 11, 2026 | ETFIQ |
| Underlying volatility over the window | 74% annualized | ETFIQ |

## Questions

### Did MRAX return +2 times MRAM?

Over the window to Sep 11, 2026, MRAM moved −4.9% and MRAX returned −14.8%. 2 times that move is −9.8%, so the fund came out 5.0 points short of it.

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

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

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