# CPNX (Tradr 2X Long CPNG Daily ETF)

Tradr · Leveraged ETFs · data as of Oct 2, 2026

Three months to Oct 2, 2026: CPNX returned −47.9% where its own daily promise gave −46.7%, 1.2 points short.

## Key facts

- CPNX, what CPNG did: −25.8%, as of Oct 2, 2026.
- CPNX, what 2 times a day gives: −46.7%, as of Oct 2, 2026.
- CPNX, what the fund returned: −47.9%, as of Oct 2, 2026.
- CPNX, the fund itself cost: −1.3 pts, as of Oct 2, 2026.
- CPNX, net assets: $1m (the issuer’s own daily fund list, as of Oct 2, 2026).
- CPNX, expense ratio: 1.49% (485BPOS XBRL, Apr 22, 2026).

## CPNX over each window to Oct 2, 2026

| Window | Fund | CPNG | +2x the move | Difference | CPNG moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −26.8% | −13.7% | −27.4% | +0.6 pts | 25% |
| 3 months | −47.9% | −25.8% | −51.5% | +3.6 pts | 36% |
| Since launch | −61.8% | −32.8% | −65.6% | +3.8 pts | 51% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of CPNG, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.86 times, against +2 stated | ETFIQ |
| Underlying | CPNG | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $1m | the issuer’s own daily fund list, as of Oct 2, 2026 |
| Expense ratio | 1.49% | 485BPOS XBRL, Apr 22, 2026 |
| Launched | Apr 24, 2026 | ETFIQ |
| Underlying volatility over the window | 36% annualized | ETFIQ |

## Questions

### Did CPNX return +2 times CPNG?

Over the window to Oct 2, 2026, CPNG moved −25.8% and CPNX returned −47.9%. 2 times that move is −51.5%, so the fund came out 3.6 points ahead of it.

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

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.


## Cite this page

ETFIQ, CPNX, data as of Oct 2, 2026. https://etfiq.com/funds/cpnx
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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