# APPX (Tradr 2X Long APP Daily ETF)

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

Three months to Sep 30, 2026: APPX returned −77.5% where its own daily promise gave −76.8%, 0.7 points short.

## Key facts

- APPX, what APP did: −48.6%, as of Sep 30, 2026.
- APPX, what 2 times a day gives: −76.8%, as of Sep 30, 2026.
- APPX, what the fund returned: −77.5%, as of Sep 30, 2026.
- APPX, the fund itself cost: −0.7 pts, as of Sep 30, 2026.
- APPX, net assets: $74m (the issuer’s own daily fund list, as of Sep 30, 2026).
- APPX, expense ratio: 1.36% (485BPOS XBRL, Jul 23, 2026).

## APPX over each window to Sep 30, 2026

| Window | Fund | APP | +2x the move | Difference | APP moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −15.7% | −6.9% | −13.9% | −1.9 pts | 45% |
| 3 months | −77.5% | −48.6% | −97.1% | +19.6 pts | 62% |
| 6 months | −58.1% | −25.1% | −50.2% | −7.9 pts | 66% |
| 1 year | −92.0% | −59.6% | −119.2% | +27.1 pts | 73% |
| Since launch | −56.1% | +4.9% | +9.8% | −65.9 pts | 70% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of APP, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.6 times, against +2 stated | ETFIQ |
| Underlying | APP | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $74m | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 1.36% | 485BPOS XBRL, Jul 23, 2026 |
| Launched | Apr 25, 2025 | ETFIQ |
| Underlying volatility over the window | 62% annualized | ETFIQ |

## Questions

### Did APPX return +2 times APP?

Over the window to Sep 30, 2026, APP moved −48.6% and APPX returned −77.5%. 2 times that move is −97.1%, so the fund came out 19.6 points ahead of it.

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

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

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