# MRAX (Tradr 2X Long MRAM Daily ETF)

Tradr · Leveraged ETFs · data as of Oct 9, 2026

One month to Oct 9, 2026: MRAX returned −8.4% where its own daily promise gave −6.8%, 1.6 points short.

## Key facts

- MRAX, what MRAM did: −1.6%, as of Oct 9, 2026.
- MRAX, what 2 times a day gives: −6.8%, as of Oct 9, 2026.
- MRAX, what the fund returned: −8.4%, as of Oct 9, 2026.
- MRAX, the fund itself cost: −1.6 pts, as of Oct 9, 2026.
- MRAX, net assets: $1m (the issuer’s own daily fund list, as of Oct 9, 2026).
- MRAX, expense ratio: 1.49% (485BPOS XBRL, Jul 31, 2026).

## MRAX over each window to Oct 9, 2026

| Window | Fund | MRAM | +2x the move | Difference | MRAM moved about, annualized |
| --- | --- | --- | --- | --- | --- |
| 1 month | −8.4% | −1.6% | −3.2% | −5.2 pts | 67% |
| Since launch | −10.3% | +0.1% | +0.1% | −10.4 pts | 71% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of MRAM, reset daily | ETFIQ |
| Multiple a holder actually got over the window | MRAM moved −1.6% over this window, too little to read a multiple from | ETFIQ |
| Underlying | MRAM | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $1m | the issuer’s own daily fund list, as of Oct 9, 2026 |
| Expense ratio | 1.49% | 485BPOS XBRL, Jul 31, 2026 |
| First traded | Aug 11, 2026 | ETFIQ |
| Underlying volatility over the window | 67% annualized | ETFIQ |

## Questions

### Did MRAX return +2 times MRAM?

Over the month to Oct 9, 2026, MRAM moved −1.6% and MRAX returned −8.4%. 2 times that move is −3.2%, so the fund came out 5.2 points short of it. Against its own daily promise, 2 times each day's move compounded, it was 1.6 points short.

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

Because it resets daily. MRAX 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, MRAX, leveraged ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/mrax
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at https://etfiq.com/data/.

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