{
 "ticker": "CBRZ",
 "name": "Tradr 2X Short CBRS Daily ETF",
 "issuer": "Tradr",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/cbrz",
 "html": "https://etfiq.com/funds/cbrz",
 "markdown": "https://etfiq.com/funds/cbrz.md",
 "as_of": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: CBRZ returned \u221238.6% where its own daily promise gave \u221239.1%, 0.5 points over.",
 "key_facts": [
  {
   "key": "what_cbrs_did",
   "label": "What CBRS did",
   "value": "\u221219.7%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "CBRZ, what CBRS did: \u221219.7%, as of Sep 30, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What \u22122 times a day gives",
   "value": "\u221239.1%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "CBRZ, what \u22122 times a day gives: \u221239.1%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221238.6%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "CBRZ, what the fund returned: \u221238.6%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_added",
   "label": "The fund itself added",
   "value": "+0.5 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "CBRZ, the fund itself added: +0.5 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$5m",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "CBRZ, net assets: $5m (the issuer\u2019s own daily fund list, as of Sep 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.49%",
   "source": "485BPOS XBRL, May 27, 2026",
   "as_of": "2026-09-30",
   "sentence": "CBRZ, expense ratio: 1.49% (485BPOS XBRL, May 27, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "-2 times the daily move of CBRS, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.96 times, against -2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "CBRS",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$5m",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.49%",
   "source": "485BPOS XBRL, May 27, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "May 29, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "108% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u22125.8%",
   "CBRS": "\u22123.6%",
   "-2x the move": "+7.2%",
   "Difference": "\u221213.0 pts",
   "CBRS moved about": "72%"
  },
  {
   "window": "3 months",
   "Fund": "\u221238.6%",
   "CBRS": "\u221219.7%",
   "-2x the move": "+39.4%",
   "Difference": "\u221278.0 pts",
   "CBRS moved about": "108%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221260.4%",
   "CBRS": "\u221225.0%",
   "-2x the move": "+50.1%",
   "Difference": "\u2212110.5 pts",
   "CBRS moved about": "118%"
  }
 ],
 "questions": [
  {
   "q": "Did CBRZ return -2 times CBRS?",
   "a": "Over the window to Sep 30, 2026, CBRS moved \u221219.7% and CBRZ returned \u221238.6%. \u22122 times that move is +39.4%, so the fund came out 78.0 points short of it."
  },
  {
   "q": "Why does CBRZ not return -2 times over a year?",
   "a": "Because it resets daily. CBRZ 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."
  }
 ],
 "generated": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}