# AAOZ (Tradr 2X Short AAOI Daily ETF)

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

One month to Sep 30, 2026: AAOZ returned +6.5% where its own daily promise gave +6.4%, 0.2 points over.

## Key facts

- AAOZ, what AAOI did: −7.8%, as of Sep 30, 2026.
- AAOZ, what −2 times a day gives: +6.4%, as of Sep 30, 2026.
- AAOZ, what the fund returned: +6.5%, as of Sep 30, 2026.
- AAOZ, the fund itself added: +0.2 pts, as of Sep 30, 2026.
- AAOZ, net assets: $6m (the issuer’s own daily fund list, as of Sep 30, 2026).
- AAOZ, expense ratio: 1.49% (485BPOS XBRL, Jun 23, 2026).

## AAOZ over each window to Sep 30, 2026

| Window | Fund | AAOI | -2x the move | Difference | AAOI moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +6.5% | −7.8% | +15.7% | −9.1 pts | 64% |
| Since launch | −55.2% | −9.0% | +18.0% | −73.2 pts | 120% |

## 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 | -0.84 times, against -2 stated | ETFIQ |
| Underlying | AAOI | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $6m | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 1.49% | 485BPOS XBRL, Jun 23, 2026 |
| Launched | Jul 15, 2026 | ETFIQ |
| Underlying volatility over the window | 64% annualized | ETFIQ |

## Questions

### Did AAOZ return -2 times AAOI?

Over the window to Sep 30, 2026, AAOI moved −7.8% and AAOZ returned +6.5%. −2 times that move is +15.7%, so the fund came out 9.1 points short of it.

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

Because it resets daily. AAOZ 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, AAOZ, data as of Sep 30, 2026. https://etfiq.com/funds/aaoz
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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