{
 "ticker": "LITZ",
 "name": "Tradr 2X Short LITE Daily ETF",
 "issuer": "Tradr",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/litz",
 "html": "https://etfiq.com/funds/litz",
 "markdown": "https://etfiq.com/funds/litz.md",
 "as_of": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: LITZ returned \u221266.4% where its own daily promise gave \u221266.9%, 0.5 points over.",
 "key_facts": [
  {
   "key": "what_lite_did",
   "label": "What LITE did",
   "value": "+21.2%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "LITZ, what LITE did: +21.2%, as of Sep 30, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What \u22122 times a day gives",
   "value": "\u221266.9%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "LITZ, what \u22122 times a day gives: \u221266.9%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221266.4%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "LITZ, what the fund returned: \u221266.4%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_added",
   "label": "The fund itself added",
   "value": "+0.5 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "LITZ, the fund itself added: +0.5 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$24m",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "LITZ, net assets: $24m (the issuer\u2019s own daily fund list, as of Sep 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.49%",
   "source": "485BPOS XBRL, Apr 22, 2026",
   "as_of": "2026-09-30",
   "sentence": "LITZ, 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 LITE, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "-3.13 times, against -2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "LITE",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$24m",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.49%",
   "source": "485BPOS XBRL, Apr 22, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Apr 23, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "96% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221222.7%",
   "LITE": "+6.2%",
   "-2x the move": "\u221212.4%",
   "Difference": "\u221210.3 pts",
   "LITE moved about": "74%"
  },
  {
   "window": "3 months",
   "Fund": "\u221266.4%",
   "LITE": "+21.2%",
   "-2x the move": "\u221242.5%",
   "Difference": "\u221224.0 pts",
   "LITE moved about": "96%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221277.3%",
   "LITE": "+14.7%",
   "-2x the move": "\u221229.4%",
   "Difference": "\u221248.0 pts",
   "LITE moved about": "95%"
  }
 ],
 "questions": [
  {
   "q": "Did LITZ return -2 times LITE?",
   "a": "Over the window to Sep 30, 2026, LITE moved +21.2% and LITZ returned \u221266.4%. \u22122 times that move is \u221242.5%, so the fund came out 24.0 points short of it."
  },
  {
   "q": "Why does LITZ not return -2 times over a year?",
   "a": "Because it resets daily. LITZ 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": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}