{
 "ticker": "MCHU",
 "name": "Tradr 2X Long MCHP Daily ETF",
 "issuer": "Tradr",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/mchu",
 "html": "https://etfiq.com/funds/mchu",
 "markdown": "https://etfiq.com/funds/mchu.md",
 "as_of": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: MCHU returned \u221228.8% where its own daily promise gave \u221227.1%, 1.7 points short.",
 "key_facts": [
  {
   "key": "what_mchp_did",
   "label": "What MCHP did",
   "value": "\u221211.8%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "MCHU, what MCHP did: \u221211.8%, as of Sep 30, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u221227.1%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "MCHU, what 2 times a day gives: \u221227.1%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221228.8%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "MCHU, what the fund returned: \u221228.8%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22121.7 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "MCHU, the fund itself cost: \u22121.7 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$495,883",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "MCHU, net assets: $495,883 (the issuer\u2019s own daily fund list, as of Sep 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.30%",
   "source": "485BPOS XBRL, Oct 21, 2025",
   "as_of": "2026-09-30",
   "sentence": "MCHU, expense ratio: 1.30% (485BPOS XBRL, Oct 21, 2025)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of MCHP, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+2.44 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "MCHP",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$495,883",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.30%",
   "source": "485BPOS XBRL, Oct 21, 2025"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "May 28, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "52% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+10.5%",
   "MCHP": "+5.9%",
   "+2x the move": "+11.8%",
   "Difference": "\u22121.2 pts",
   "MCHP moved about": "36%"
  },
  {
   "window": "3 months",
   "Fund": "\u221228.8%",
   "MCHP": "\u221211.8%",
   "+2x the move": "\u221223.5%",
   "Difference": "\u22125.2 pts",
   "MCHP moved about": "52%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221242.2%",
   "MCHP": "\u221218.5%",
   "+2x the move": "\u221237.1%",
   "Difference": "\u22125.1 pts",
   "MCHP moved about": "57%"
  }
 ],
 "questions": [
  {
   "q": "Did MCHU return +2 times MCHP?",
   "a": "Over the window to Sep 30, 2026, MCHP moved \u221211.8% and MCHU returned \u221228.8%. 2 times that move is \u221223.5%, so the fund came out 5.2 points short of it."
  },
  {
   "q": "Why does MCHU not return +2 times over a year?",
   "a": "Because it resets daily. MCHU 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."
  },
  {
   "q": "Which +2x MCHP ETF tracked its stated multiple most closely?",
   "a": "2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the figure itself."
  }
 ],
 "generated": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}