# AAOX (Tradr 2X Long AAOI Daily ETF)

Tradr · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: AAOX returned −66.8% where its own daily promise gave −64.9%, 1.9 points short.

## Key facts

- AAOX, what AAOI did: −28.6%, as of Sep 30, 2026.
- AAOX, what 2 times a day gives: −64.9%, as of Sep 30, 2026.
- AAOX, what the fund returned: −66.8%, as of Sep 30, 2026.
- AAOX, the fund itself cost: −1.9 pts, as of Sep 30, 2026.
- AAOX, net assets: $233m (the issuer’s own daily fund list, as of Sep 30, 2026).
- AAOX, expense ratio: 1.49% (485BPOS XBRL, Jan 26, 2026).

## AAOX over each window to Sep 30, 2026

| Window | Fund | AAOI | +2x the move | Difference | AAOI moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −19.5% | −7.8% | −15.7% | −3.8 pts | 64% |
| 3 months | −66.8% | −28.6% | −57.2% | −9.6 pts | 122% |
| 6 months | −51.1% | +14.9% | +29.9% | −81.0 pts | 135% |
| Since launch | −73.6% | −12.8% | −25.7% | −47.9 pts | 135% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of AAOI, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.33 times, against +2 stated | ETFIQ |
| Underlying | AAOI | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $233m | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 1.49% | 485BPOS XBRL, Jan 26, 2026 |
| Launched | Mar 24, 2026 | ETFIQ |
| Underlying volatility over the window | 122% annualized | ETFIQ |

## Questions

### Did AAOX return +2 times AAOI?

Over the window to Sep 30, 2026, AAOI moved −28.6% and AAOX returned −66.8%. 2 times that move is −57.2%, so the fund came out 9.6 points short of it.

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

Because it resets daily. AAOX 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 AAOI 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 figure itself.


## Cite this page

ETFIQ, AAOX, data as of Sep 30, 2026. https://etfiq.com/funds/aaox
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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