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METQ Tradr 2X Short META Daily ETF

Aims to return twice the opposite of the daily move of Meta Platforms (META)Tradr1.49% fee$8mSince Aug 18, 2026SEC filings ↗Every Tradr fund ETFIQ covers
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One month to Sep 30, 2026: METQ returned −42.8% where its own daily promise gave −43.0%, 0.2 points over.

+26.8%
What META did
−43.0%
What −2 times a day gives
−42.8%
What the fund returned
+0.2 pts
The fund itself added
What it aimed at, and what it did
10.8 pts ahead of its stated multipleMETQ returned −42.8% while −2 times META's move would have been −53.6%META +26.8% ×−2 implies−53.6%METQ returned−42.8%10.8 pts ahead of its stated multipleMETQ returned −42.8% while −2 times META's move would have been −53.6%META +26.8% ×−2 implies−53.6%METQ returned−42.8%

Over the 1 month to Sep 30, 2026, METQ returned −42.8%, where −2 times that move implies −53.6%. The difference is +10.8 pts.

18.5 pts ahead of its stated multipleMETQ returned −48.5% while −2 times META's move would have been −67.0%META +33.5% ×−2 implies−67.0%METQ returned−48.5%18.5 pts ahead of its stated multipleMETQ returned −48.5% while −2 times META's move would have been −67.0%META +33.5% ×−2 implies−67.0%METQ returned−48.5%

Over the since launch to Sep 30, 2026, METQ returned −48.5%, where −2 times that move implies −67.0%. The difference is +18.5 pts.

WindowFundMETA-2x the moveDifferenceMETA moved about
1M Aug 31 – Sep 30, 2026−42.8%+26.8%−53.6%+10.8 pts55%
Since launch Aug 18 – Sep 30, 2026−48.5%+33.5%−67.0%+18.5 pts47%

METQ over each window to Sep 30, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.

Also against METU.

In plain words

Read the multiple against the whole window instead and −2 times META's 26.8% implies −53.6%, which makes METQ look 10.8 points over. 10.5 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. METQ aims to return -2 times META's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not -2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. META moved at 55% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
Sets out to return-2 times the daily move of META, reset daily
Multiple a holder actually got over the window (ETFIQ)-1.6 times, against -2 stated
UnderlyingMETA
Segmentsingle stock, company
Net assets (the issuer’s own daily fund list, as of Sep 30, 2026)$8m
Expense ratio (485BPOS XBRL, Jul 31, 2026)1.49%
LaunchedAug 18, 2026
Underlying volatility over the window (ETFIQ)55% annualized
METQ (Tradr 2X Short META Daily ETF), leveraged ETFs fields as of Sep 30, 2026. Source: ETFIQ.
Returns are ETFIQ calculations from Tiingo end-of-day prices, distributions reinvested, measured against the underlying over exactly the same days. How these figures are computed

Questions people ask about METQ

Did METQ return -2 times META?
Over the window to Sep 30, 2026, META moved +26.8% and METQ returned −42.8%. −2 times that move is −53.6%, so the fund came out 10.8 points ahead of it.
Why does METQ not return -2 times over a year?
Because it resets daily. METQ 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.
Sources and dates
Prices, METQ and METATiingo end-of-day prices ↗
Fee, 1.49%SEC 485BPOS XBRL · Jul 31, 2026
Net assets, $8mThe issuer’s own daily fund list · Sep 30, 2026
IssuerTradr website ↗
All fund filingsFund filings on SEC EDGAR ↗
SourceSEC investment company series and class file, which lists every registered fund ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

How these figures are computed →Standards and sources →Open data →
Cite this page

ETFIQ, METQ, leveraged ETFs, data as of Sep 30, 2026. https://etfiq.com/funds/metq

Open METQ live on ETFIQ

The label bar for METQ, redrawn every trading night. Free to use with the credit link.

Free to use with attribution; the underlying files are at Open data.

Stated multiple
What the fund sets out to return against its underlying, each day. A fund at 2x aims to return twice the underlying’s daily move, and an inverse fund at -2x aims to return twice it in the opposite direction.
Daily reset
The fund starts each day aiming at the multiple again, from wherever it now stands. It is the mechanism that makes these funds behave as they do, and the reason the stated multiple applies to a day rather than to a holding period.
Compounding
Daily results multiply together rather than adding up. Two days of the multiple is not twice the multiple, and over a run of days the difference between the two grows with how far the underlying moves about.
Decay
What compounding costs a holder when the underlying falls and rises back to where it started. The underlying is level and the fund is down; the more violently it moved, the further down.
Difference against the stated multiple
The fund’s return minus the stated multiple times the underlying’s return, in percentage points. The one figure that says whether a holder got what the fund’s own multiple describes.
Every term used here, defined in full on the leveraged ETFs vocabulary page. →
4th of 6 leveraged and inverse ETFs by net assets→Tradr: every fund ETFIQ covers→