# NEBX (Tradr 2X Long NBIS Daily ETF)

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

Three months to Sep 11, 2026: NEBX returned −42.5% where its own daily promise gave −39.5%, 3.0 points short.

## Key facts

- NEBX, what NBIS did: −3.4%, as of Sep 11, 2026.
- NEBX, what +2 times a day gives: −39.5%, as of Sep 11, 2026.
- NEBX, what the fund returned: −42.5%, as of Sep 11, 2026.
- NEBX, the fund itself cost: −3.0 pts, as of Sep 11, 2026.
- NEBX, net assets: $353m (source, as filed for Jun 30, 2026).
- NEBX, expense ratio: 1.30% (485BPOS XBRL, Jul 23, 2026).

## NEBX over each window to Sep 11, 2026

| Window | Fund | NBIS | +2x the move | Difference | NBIS moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −30.0% | −13.4% | −26.7% | −3.3 pts | 77% |
| 3 months | −42.5% | −3.4% | −6.7% | −35.8 pts | 140% |
| 6 months | +83.1% | +98.8% | +197.6% | −114.5 pts | 124% |
| 1 year | +74.3% | +151.8% | not meaningful over this window | not meaningful over this window | 109% |
| Since launch | +50.8% | +134.6% | not meaningful over this window | not meaningful over this window | 108% |

## 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 | $353m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.30% | 485BPOS XBRL, Jul 23, 2026 |
| Launched | Sep 9, 2025 | ETFIQ |
| Underlying volatility over the window | 140% annualized | ETFIQ |

## Questions

### Did NEBX return +2 times NBIS?

Over the window to Sep 11, 2026, NBIS moved −3.4% and NEBX returned −42.5%. 2 times that move is −6.7%, so the fund came out 35.8 points short of it.

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

Because it resets daily. NEBX 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 NBIS ETF tracked its stated multiple most closely?

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

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