{
 "ticker": "CRDX",
 "name": "2x Cardano ETF",
 "issuer": "Volatility Shares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/crdx",
 "html": "https://etfiq.com/funds/crdx",
 "markdown": "https://etfiq.com/funds/crdx.md",
 "as_of": "2026-10-21",
 "verdict": "Over the three months to Oct 21, 2026, CRDX returned 32.8%, against 48.7% for twice Cardano's daily moves.",
 "promise": {
  "badge": "missed",
  "label": "Missed",
  "category": "leverage",
  "sentence": "Over three months to Oct 21, 2026, CRDX finished 15.9 points behind twice Cardano's daily moves, compounded.",
  "figure": -15.9,
  "unit": "points",
  "from": "2026-07-22",
  "to": "2026-10-21",
  "url": "https://etfiq.com/promise-index/leverage/"
 },
 "key_facts": [
  {
   "key": "what_cardano_did",
   "label": "What Cardano did",
   "value": "+30.7%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "CRDX, what Cardano did: +30.7%, as of Oct 21, 2026.",
   "cite": {
    "value": "+30.7%",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/crdx#fact-what-cardano-did",
    "text": "CRDX, what Cardano did: +30.7%, as of Oct 21, 2026."
   }
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "+48.7%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "CRDX, what 2 times a day gives: +48.7%, as of Oct 21, 2026.",
   "cite": {
    "value": "+48.7%",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/crdx#fact-what-2-times-a-day-gives",
    "text": "CRDX, what 2 times a day gives: +48.7%, as of Oct 21, 2026."
   }
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+32.8%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "CRDX, what the fund returned: +32.8%, as of Oct 21, 2026.",
   "cite": {
    "value": "+32.8%",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/crdx#fact-what-the-fund-returned",
    "text": "CRDX, what the fund returned: +32.8%, as of Oct 21, 2026."
   }
  },
  {
   "key": "gap_to_2_times_a_day",
   "label": "Gap to 2 times a day",
   "value": "\u221215.9 pts",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "CRDX, gap to 2 times a day: \u221215.9 pts, as of Oct 21, 2026.",
   "cite": {
    "value": "\u221215.9 pts",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/crdx#fact-gap-to-2-times-a-day",
    "text": "CRDX, gap to 2 times a day: \u221215.9 pts, as of Oct 21, 2026."
   }
  },
  {
   "key": "last_payment",
   "label": "Last payment (paid monthly), ex-date Oct 21, 2026",
   "value": "$0.0121",
   "source": "Tiingo end-of-day distributions",
   "as_of": "2026-10-21",
   "sentence": "CRDX, last payment (paid monthly), ex-date Oct 21, 2026: $0.0121, as of Oct 21, 2026.",
   "cite": {
    "value": "$0.0121",
    "as_of": "2026-10-21",
    "source": "Tiingo end-of-day distributions",
    "url": "https://etfiq.com/funds/crdx#fact-last-payment",
    "text": "CRDX, last payment (paid monthly), ex-date Oct 21, 2026: $0.0121, as of Oct 21, 2026."
   }
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$2m",
   "source": "issuer page, as of Oct 21, 2026",
   "as_of": "2026-10-21",
   "sentence": "CRDX, net assets: $2m (issuer page, as of Oct 21, 2026).",
   "cite": {
    "value": "$2m",
    "as_of": "2026-10-21",
    "source": "issuer page, as of Oct 21, 2026",
    "url": "https://etfiq.com/funds/crdx#fact-net-assets",
    "text": "CRDX, net assets: $2m (issuer page, as of Oct 21, 2026)."
   }
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.85%",
   "source": "485BPOS XBRL, Mar 31, 2026",
   "as_of": "2026-03-31",
   "sentence": "CRDX, expense ratio: 1.85% (485BPOS XBRL, Mar 31, 2026).",
   "cite": {
    "value": "1.85%",
    "as_of": "2026-03-31",
    "source": "485BPOS XBRL, Mar 31, 2026",
    "url": "https://etfiq.com/funds/crdx#fact-expense-ratio",
    "text": "CRDX, expense ratio: 1.85% (485BPOS XBRL, Mar 31, 2026)."
   }
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of Cardano, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.06801 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "Cardano",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "asset class, crypto",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$2m",
   "source": "issuer page, as of Oct 21, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.85%",
   "source": "485BPOS XBRL, Mar 31, 2026"
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Apr 1, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "77% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Total return": "\u221217.1%",
   "Cardano": "\u22126.9%",
   "+2x the move": "\u221213.8%",
   "Difference": "\u22123.3 pts",
   "Cardano moved about, annualized": "68%"
  },
  {
   "window": "3 months",
   "Total return": "+32.8%",
   "Cardano": "+30.7%",
   "+2x the move": "+61.4%",
   "Difference": "\u221228.6 pts",
   "Cardano moved about, annualized": "77%"
  },
  {
   "window": "6 months",
   "Total return": "\u221246.8%",
   "Cardano": "\u22129.7%",
   "+2x the move": "\u221219.4%",
   "Difference": "\u221227.4 pts",
   "Cardano moved about, annualized": "75%"
  },
  {
   "window": "Since launch",
   "Total return": "\u221247.4%",
   "Cardano": "\u22128.7%",
   "+2x the move": "\u221217.4%",
   "Difference": "\u221230.0 pts",
   "Cardano moved about, annualized": "73%"
  }
 ],
 "questions": [
  {
   "q": "Did CRDX return +2 times Cardano?",
   "a": "Over the three months to Oct 21, 2026, Cardano moved +30.7% and CRDX returned +32.8%. 2 times that move is +61.4%, so the fund came out 28.6 points short of it. That is not its objective, which is daily. Against 2 times each day's move, compounded, it was 15.9 points short."
  },
  {
   "q": "Why does CRDX not return +2 times over a year?",
   "a": "Because it resets daily. CRDX aims at +2 times each day's move, and daily results compound. If the underlying falls and recovers, a holder ends up behind +2 times the period move; in a steady run in one direction, possibly ahead. The longer the holding and the more the underlying swings, the wider the gap."
  }
 ],
 "key_stats": [
  {
   "key": "high52",
   "label": "High since Apr 1, 2026, daily closes to Oct 21, 2026",
   "value": "$26.18 on May 11, 2026",
   "as_of": "2026-05-11",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 26.1786,
   "window": {
    "from": "2026-04-01",
    "to": "2026-10-21"
   }
  },
  {
   "key": "low52",
   "label": "Low since Apr 1, 2026, daily closes to Oct 21, 2026",
   "value": "$5.76 on Jun 25, 2026",
   "as_of": "2026-06-25",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 5.7577,
   "window": {
    "from": "2026-04-01",
    "to": "2026-10-21"
   }
  },
  {
   "key": "inrange",
   "label": "Close on Oct 21, 2026, within that range",
   "value": "$11.22, 27% of the way from the low to the high",
   "as_of": "2026-10-21",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 11.2218
  }
 ],
 "flows": {
  "as_of": "2026-05-31",
  "coverage": "monthly",
  "computed_by": "ETFIQ, from the change in shares outstanding times the previous day\u2019s NAV",
  "method": "https://etfiq.com/methodology/flows",
  "data": "https://etfiq.com/data/flows/funds/crdx.json",
  "windows": [],
  "latest_month": {
   "month": "2026-05",
   "net_flow_usd": 203226,
   "net_flow": "+$203k",
   "source": "SEC Form N-PORT"
  }
 },
 "generated": "2026-10-22",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, CRDX, leveraged ETFs, data as of Oct 21, 2026. https://etfiq.com/funds/crdx"
}