# IBX (Tradr 2X Long IBM Daily ETF)

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

Three months to Oct 2, 2026: IBX returned −49.4% where its own daily promise gave −48.3%, 1.2 points short.

## Key facts

- IBX, what IBM did: −22.6%, as of Oct 2, 2026.
- IBX, what 2 times a day gives: −48.3%, as of Oct 2, 2026.
- IBX, what the fund returned: −49.4%, as of Oct 2, 2026.
- IBX, the fund itself cost: −1.2 pts, as of Oct 2, 2026.
- IBX, net assets: $32m (the issuer’s own daily fund list, as of Oct 2, 2026).
- IBX, expense ratio: 1.30% (485BPOS XBRL, Jul 23, 2026).

## IBX over each window to Oct 2, 2026

| Window | Fund | IBM | +2x the move | Difference | IBM moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −9.2% | −3.9% | −7.8% | −1.4 pts | 34% |
| 3 months | −49.4% | −22.6% | −45.1% | −4.3 pts | 60% |
| 6 months | −36.5% | −9.0% | −18.0% | −18.6 pts | 58% |
| Since launch | −33.0% | −6.1% | −12.2% | −20.7 pts | 56% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of IBM, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.19 times, against +2 stated | ETFIQ |
| Underlying | IBM | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $32m | the issuer’s own daily fund list, as of Oct 2, 2026 |
| Expense ratio | 1.30% | 485BPOS XBRL, Jul 23, 2026 |
| Launched | Mar 24, 2026 | ETFIQ |
| Underlying volatility over the window | 60% annualized | ETFIQ |

## Questions

### Did IBX return +2 times IBM?

Over the window to Oct 2, 2026, IBM moved −22.6% and IBX returned −49.4%. 2 times that move is −45.1%, so the fund came out 4.3 points short of it.

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

Because it resets daily. IBX 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, IBX, data as of Oct 2, 2026. https://etfiq.com/funds/ibx
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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