# NBIZ (Tradr 2X Short NBIS Daily ETF)

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

Three months to Sep 11, 2026: NBIZ returned −81.2% where its own daily promise gave −81.4%, 0.2 points over.

## Key facts

- NBIZ, what NBIS did: −3.4%, as of Sep 11, 2026.
- NBIZ, what −2 times a day gives: −81.4%, as of Sep 11, 2026.
- NBIZ, what the fund returned: −81.2%, as of Sep 11, 2026.
- NBIZ, the fund itself added: +0.2 pts, as of Sep 11, 2026.
- NBIZ, net assets: $13m (source, as filed for Jun 30, 2026).
- NBIZ, expense ratio: 1.49% (485BPOS XBRL, Jan 20, 2026).

## NBIZ over each window to Sep 11, 2026

| Window | Fund | NBIS | -2x the move | Difference | NBIS moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +13.0% | −13.4% | +26.7% | −13.8 pts | 77% |
| 3 months | −81.2% | −3.4% | +6.7% | −87.9 pts | 140% |
| 6 months | −98.2% | +98.8% | −197.6% | +99.4 pts | 124% |
| Since launch | −99.2% | +131.8% | not meaningful over this window | not meaningful over this window | 121% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of NBIS, reset daily | ETFIQ |
| Multiple a holder actually got over the window | NBIS moved −3.4% over this window, too little to read a multiple from | ETFIQ |
| Underlying | NBIS | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $13m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.49% | 485BPOS XBRL, Jan 20, 2026 |
| Launched | Jan 22, 2026 | ETFIQ |
| Underlying volatility over the window | 140% annualized | ETFIQ |

## Questions

### Did NBIZ return -2 times NBIS?

Over the window to Sep 11, 2026, NBIS moved −3.4% and NBIZ returned −81.2%. 2 times that move is +6.7%, so the fund came out 87.9 points short of it.

### Why does NBIZ not return -2 times over a year?

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

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