# CRDX (2x Cardano ETF)

Volatility Shares · Leveraged ETFs · data as of Oct 21, 2026

Promise check: Missed. Over three months to Oct 21, 2026, CRDX finished 15.9 points behind twice Cardano's daily moves, compounded. https://etfiq.com/promise-index/leverage/

Over the three months to Oct 21, 2026, CRDX returned 32.8%, against 48.7% for twice Cardano's daily moves.

## Key facts

- CRDX, what Cardano did: +30.7%, as of Oct 21, 2026.
- CRDX, what 2 times a day gives: +48.7%, as of Oct 21, 2026.
- CRDX, what the fund returned: +32.8%, as of Oct 21, 2026.
- CRDX, gap to 2 times a day: −15.9 pts, as of Oct 21, 2026.
- CRDX, last payment (paid monthly), ex-date Oct 21, 2026: $0.0121, as of Oct 21, 2026.
- CRDX, net assets: $2m (issuer page, as of Oct 21, 2026).
- CRDX, expense ratio: 1.85% (485BPOS XBRL, Mar 31, 2026).

## CRDX over each window to Oct 21, 2026

| Window | Total return | Cardano | +2x the move | Difference | Cardano moved about, annualized |
| --- | --- | --- | --- | --- | --- |
| 1 month | −17.1% | −6.9% | −13.8% | −3.3 pts | 68% |
| 3 months | +32.8% | +30.7% | +61.4% | −28.6 pts | 77% |
| 6 months | −46.8% | −9.7% | −19.4% | −27.4 pts | 75% |
| Since launch | −47.4% | −8.7% | −17.4% | −30.0 pts | 73% |

## CRDX key stats

- High since Apr 1, 2026, daily closes to Oct 21, 2026: $26.18 on May 11, 2026 (computed by ETFIQ from Tiingo daily prices)
- Low since Apr 1, 2026, daily closes to Oct 21, 2026: $5.76 on Jun 25, 2026 (computed by ETFIQ from Tiingo daily prices)
- Close on Oct 21, 2026, within that range: $11.22, 27% of the way from the low to the high (computed by ETFIQ from Tiingo daily prices)

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of Cardano, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.06801 times, against +2 stated | ETFIQ |
| Underlying | Cardano | ETFIQ |
| Segment | asset class, crypto | ETFIQ |
| Net assets | $2m | issuer page, as of Oct 21, 2026 |
| Expense ratio | 1.85% | 485BPOS XBRL, Mar 31, 2026 |
| First traded | Apr 1, 2026 | ETFIQ |
| Underlying volatility over the window | 77% annualized | ETFIQ |

## Money in and out, to May 31, 2026

Monthly figures only. May 2026: +$203k, from SEC Form N-PORT.

Computed by ETFIQ from the change in shares outstanding times the previous day’s NAV. Every day and month: <https://etfiq.com/data/flows/funds/crdx.json>. Method: https://etfiq.com/methodology/flows

## Questions

### Did CRDX return +2 times Cardano?

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.

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

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.


## Cite this page

ETFIQ, CRDX, leveraged ETFs, data as of Oct 21, 2026. https://etfiq.com/funds/crdx
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at <https://etfiq.com/data/>.

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