{
 "ticker": "CPNX",
 "name": "Tradr 2X Long CPNG Daily ETF",
 "issuer": "Tradr",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/cpnx",
 "html": "https://etfiq.com/funds/cpnx",
 "markdown": "https://etfiq.com/funds/cpnx.md",
 "as_of": "2026-10-02",
 "verdict": "Three months to Oct 2, 2026: CPNX returned \u221247.9% where its own daily promise gave \u221246.7%, 1.2 points short.",
 "key_facts": [
  {
   "key": "what_cpng_did",
   "label": "What CPNG did",
   "value": "\u221225.8%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "CPNX, what CPNG did: \u221225.8%, as of Oct 2, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u221246.7%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "CPNX, what 2 times a day gives: \u221246.7%, as of Oct 2, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221247.9%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "CPNX, what the fund returned: \u221247.9%, as of Oct 2, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22121.3 pts",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "CPNX, the fund itself cost: \u22121.3 pts, as of Oct 2, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$1m",
   "source": "the issuer\u2019s own daily fund list, as of Oct 2, 2026",
   "as_of": "2026-10-02",
   "sentence": "CPNX, net assets: $1m (the issuer\u2019s own daily fund list, as of Oct 2, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.49%",
   "source": "485BPOS XBRL, Apr 22, 2026",
   "as_of": "2026-10-02",
   "sentence": "CPNX, expense ratio: 1.49% (485BPOS XBRL, Apr 22, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of CPNG, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.86 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "CPNG",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$1m",
   "source": "the issuer\u2019s own daily fund list, as of Oct 2, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.49%",
   "source": "485BPOS XBRL, Apr 22, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Apr 24, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "36% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221226.8%",
   "CPNG": "\u221213.7%",
   "+2x the move": "\u221227.4%",
   "Difference": "+0.6 pts",
   "CPNG moved about": "25%"
  },
  {
   "window": "3 months",
   "Fund": "\u221247.9%",
   "CPNG": "\u221225.8%",
   "+2x the move": "\u221251.5%",
   "Difference": "+3.6 pts",
   "CPNG moved about": "36%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221261.8%",
   "CPNG": "\u221232.8%",
   "+2x the move": "\u221265.6%",
   "Difference": "+3.8 pts",
   "CPNG moved about": "51%"
  }
 ],
 "questions": [
  {
   "q": "Did CPNX return +2 times CPNG?",
   "a": "Over the window to Oct 2, 2026, CPNG moved \u221225.8% and CPNX returned \u221247.9%. 2 times that move is \u221251.5%, so the fund came out 3.6 points ahead of it."
  },
  {
   "q": "Why does CPNX not return +2 times over a year?",
   "a": "Because it resets daily. CPNX 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": "2026-10-03",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}