# SNDQ (Tradr 2X Short SNDK Daily ETF)

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

Three months to Sep 11, 2026: SNDQ returned −64.8% where its own daily promise gave −64.9%, 0.1 points over.

## Key facts

- SNDQ, what SNDK did: −17.5%, as of Sep 11, 2026.
- SNDQ, what −2 times a day gives: −64.9%, as of Sep 11, 2026.
- SNDQ, what the fund returned: −64.8%, as of Sep 11, 2026.
- SNDQ, the fund itself added: +0.1 pts, as of Sep 11, 2026.
- SNDQ, net assets: $86m (source, as filed for Jun 30, 2026).
- SNDQ, expense ratio: 1.49% (485BPOS XBRL, Apr 22, 2026).

## SNDQ over each window to Sep 11, 2026

| Window | Fund | SNDK | -2x the move | Difference | SNDK moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −45.1% | +21.5% | −43.0% | −2.1 pts | 88% |
| 3 months | −64.8% | −17.5% | +35.0% | −99.8 pts | 134% |
| Since launch | −95.2% | +75.2% | −150.3% | +55.1 pts | 123% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of SNDK, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +3.7 times, against -2 stated | ETFIQ |
| Underlying | SNDK | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $86m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.49% | 485BPOS XBRL, Apr 22, 2026 |
| Launched | Apr 23, 2026 | ETFIQ |
| Underlying volatility over the window | 134% annualized | ETFIQ |

## Questions

### Did SNDQ return -2 times SNDK?

Over the window to Sep 11, 2026, SNDK moved −17.5% and SNDQ returned −64.8%. 2 times that move is +35.0%, so the fund came out 99.8 points short of it.

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

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

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