# LQDU (MicroSectors 3x Long Investment Grade Corporate Bond (LQD) ETNs)

MicroSectors · Leveraged ETFs · data as of Sep 30, 2026

One month to Sep 30, 2026: LQDU returned −11.0% where its own daily promise gave −9.9%, 1.1 points short.

## Key facts

- LQDU, what LQD did: −3.4%, as of Sep 30, 2026.
- LQDU, what 3 times a day gives: −9.9%, as of Sep 30, 2026.
- LQDU, what the fund returned: −11.0%, as of Sep 30, 2026.
- LQDU, the fund itself cost: −1.1 pts, as of Sep 30, 2026.
- LQDU, net assets: an exchange traded note holds no assets; it is the issuing bank’s unsecured debt, as of Sep 30, 2026.
- LQDU, expense ratio: not read by ETFIQ, as of Sep 30, 2026.

## LQDU over each window to Sep 30, 2026

| Window | Fund | LQD | +3x the move | Difference | LQD moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −11.0% | −3.4% | −10.2% | −0.9 pts | 7% |
| Since launch | −11.6% | −3.2% | −9.6% | −2.0 pts | 6% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +3 times the daily move of LQD, reset daily | ETFIQ |
| Multiple a holder actually got over the window | LQD moved −3.4% over this window, too little to read a multiple from | ETFIQ |
| Underlying | LQD | ETFIQ |
| Segment | sector or country, index | ETFIQ |
| Net assets | an exchange traded note holds no assets; it is the issuing bank’s unsecured debt | ETFIQ |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Aug 11, 2026 | ETFIQ |
| Underlying volatility over the window | 7% annualized | ETFIQ |

## Questions

### Did LQDU return +3 times LQD?

Over the window to Sep 30, 2026, LQD moved −3.4% and LQDU returned −11.0%. 3 times that move is −10.2%, so the fund came out 0.9 points short of it.

### Why does LQDU not return +3 times over a year?

Because it resets daily. LQDU aims at +3 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 +3 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, LQDU, data as of Sep 30, 2026. https://etfiq.com/funds/lqdu
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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