# XNDX (Tradr 2X Long XNDU Daily ETF)

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

Three months to Sep 11, 2026: XNDX returned −56.2% where its own daily promise gave −53.8%, 2.4 points short.

## Key facts

- XNDX, what XNDU did: −26.9%, as of Sep 11, 2026.
- XNDX, what +2 times a day gives: −53.8%, as of Sep 11, 2026.
- XNDX, what the fund returned: −56.2%, as of Sep 11, 2026.
- XNDX, the fund itself cost: −2.4 pts, as of Sep 11, 2026.
- XNDX, net assets: $8m (source, as filed for Jun 30, 2026).
- XNDX, expense ratio: 1.49% (485BPOS XBRL, Mar 31, 2026).

## XNDX over each window to Sep 11, 2026

| Window | Fund | XNDU | +2x the move | Difference | XNDU moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −37.5% | −18.8% | −37.7% | +0.2 pts | 63% |
| 3 months | −56.2% | −26.9% | −53.8% | −2.4 pts | 79% |
| Since launch | −83.1% | −50.4% | −100.8% | +17.7 pts | 95% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of XNDU, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.09 times, against +2 stated | ETFIQ |
| Underlying | XNDU | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $8m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.49% | 485BPOS XBRL, Mar 31, 2026 |
| Launched | May 7, 2026 | ETFIQ |
| Underlying volatility over the window | 79% annualized | ETFIQ |

## Questions

### Did XNDX return +2 times XNDU?

Over the window to Sep 11, 2026, XNDU moved −26.9% and XNDX returned −56.2%. 2 times that move is −53.8%, so the fund came out 2.4 points short of it.

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

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

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