{
 "ticker": "NVTX",
 "name": "Tradr 2X Long NVTS Daily ETF",
 "issuer": "Tradr",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/nvtx",
 "html": "https://etfiq.com/funds/nvtx",
 "markdown": "https://etfiq.com/funds/nvtx.md",
 "as_of": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: NVTX returned \u221262.4% where its own daily promise gave \u221259.9%, 2.5 points short.",
 "key_facts": [
  {
   "key": "what_nvts_did",
   "label": "What NVTS did",
   "value": "\u221229.8%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "NVTX, what NVTS did: \u221229.8%, as of Sep 30, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u221259.9%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "NVTX, what 2 times a day gives: \u221259.9%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221262.4%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "NVTX, what the fund returned: \u221262.4%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.5 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "NVTX, the fund itself cost: \u22122.5 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$41m",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "NVTX, net assets: $41m (the issuer\u2019s own daily fund list, as of Sep 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "2.81%",
   "source": "485BPOS XBRL, Jul 23, 2026",
   "as_of": "2026-09-30",
   "sentence": "NVTX, expense ratio: 2.81% (485BPOS XBRL, Jul 23, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of NVTS, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+2.1 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "NVTS",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$41m",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "2.81%",
   "source": "485BPOS XBRL, Jul 23, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Sep 9, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "89% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u22124.1%",
   "NVTS": "+0.2%",
   "+2x the move": "+0.3%",
   "Difference": "\u22124.5 pts",
   "NVTS moved about": "62%"
  },
  {
   "window": "3 months",
   "Fund": "\u221262.4%",
   "NVTS": "\u221229.8%",
   "+2x the move": "\u221259.5%",
   "Difference": "\u22122.9 pts",
   "NVTS moved about": "89%"
  },
  {
   "window": "6 months",
   "Fund": "\u221222.5%",
   "NVTS": "+36.0%",
   "+2x the move": "+71.9%",
   "Difference": "\u221294.4 pts",
   "NVTS moved about": "125%"
  },
  {
   "window": "1 year",
   "Fund": "\u221252.8%",
   "NVTS": "+60.8%",
   "+2x the move": "+121.6%",
   "Difference": "\u2212174.4 pts",
   "NVTS moved about": "126%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221231.6%",
   "NVTS": "+101.6%",
   "+2x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "NVTS moved about": "124%"
  }
 ],
 "questions": [
  {
   "q": "Did NVTX return +2 times NVTS?",
   "a": "Over the window to Sep 30, 2026, NVTS moved \u221229.8% and NVTX returned \u221262.4%. 2 times that move is \u221259.5%, so the fund came out 2.9 points short of it."
  },
  {
   "q": "Why does NVTX not return +2 times over a year?",
   "a": "Because it resets daily. NVTX 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 NVTS 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)."
}