# BEZ (Tradr 2X Short BE Daily ETF)

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

Three months to Sep 30, 2026: BEZ returned −59.0% where its own daily promise gave −59.2%, 0.2 points over.

## Key facts

- BEZ, what BE did: −4.3%, as of Sep 30, 2026.
- BEZ, what −2 times a day gives: −59.2%, as of Sep 30, 2026.
- BEZ, what the fund returned: −59.0%, as of Sep 30, 2026.
- BEZ, the fund itself added: +0.2 pts, as of Sep 30, 2026.
- BEZ, net assets: $24m (the issuer’s own daily fund list, as of Sep 30, 2026).
- BEZ, expense ratio: 1.49% (485BPOS XBRL, Jan 20, 2026).

## BEZ over each window to Sep 30, 2026

| Window | Fund | BE | -2x the move | Difference | BE moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −55.4% | +34.3% | −68.5% | +13.2 pts | 90% |
| 3 months | −59.0% | −4.3% | +8.6% | −67.6 pts | 110% |
| 6 months | −97.3% | +109.1% | not meaningful over this window | not meaningful over this window | 113% |
| Since launch | −97.8% | +78.1% | −156.2% | +58.4 pts | 113% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of BE, reset daily | ETFIQ |
| Multiple a holder actually got over the window | BE moved −4.3% over this window, too little to read a multiple from | ETFIQ |
| Underlying | BE | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $24m | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 1.49% | 485BPOS XBRL, Jan 20, 2026 |
| Launched | Feb 11, 2026 | ETFIQ |
| Underlying volatility over the window | 110% annualized | ETFIQ |

## Questions

### Did BEZ return -2 times BE?

Over the window to Sep 30, 2026, BE moved −4.3% and BEZ returned −59.0%. −2 times that move is +8.6%, so the fund came out 67.6 points short of it.

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

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

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