# UPSX (Tradr 2X Long UPST Daily ETF)

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

Three months to Sep 11, 2026: UPSX returned −37.1% where its own daily promise gave −34.1%, 3.0 points short.

## Key facts

- UPSX, what UPST did: −16.1%, as of Sep 11, 2026.
- UPSX, what +2 times a day gives: −34.1%, as of Sep 11, 2026.
- UPSX, what the fund returned: −37.1%, as of Sep 11, 2026.
- UPSX, the fund itself cost: −3.0 pts, as of Sep 11, 2026.
- UPSX, net assets: $33m (source, as filed for Jun 30, 2026).
- UPSX, expense ratio: 1.30% (485BPOS XBRL, Jul 23, 2026).

## UPSX over each window to Sep 11, 2026

| Window | Fund | UPST | +2x the move | Difference | UPST moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −26.2% | −12.1% | −24.1% | −2.0 pts | 53% |
| 3 months | −37.1% | −16.1% | −32.2% | −4.9 pts | 52% |
| 6 months | −27.8% | −2.9% | −5.8% | −22.0 pts | 62% |
| 1 year | −90.9% | −58.9% | −117.7% | +26.8 pts | 66% |
| Since launch | −91.3% | −55.6% | −111.3% | +20.0 pts | 68% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of UPST, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.3 times, against +2 stated | ETFIQ |
| Underlying | UPST | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $33m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.30% | 485BPOS XBRL, Jul 23, 2026 |
| Launched | Jun 10, 2025 | ETFIQ |
| Underlying volatility over the window | 52% annualized | ETFIQ |

## Questions

### Did UPSX return +2 times UPST?

Over the window to Sep 11, 2026, UPST moved −16.1% and UPSX returned −37.1%. 2 times that move is −32.2%, so the fund came out 4.9 points short of it.

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

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

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