# ONX (Tradr 2X Long ON Daily ETF)

Tradr · Leveraged ETFs · data as of Oct 2, 2026

Three months to Oct 2, 2026: ONX returned −21.5% where its own daily promise gave −20.0%, 1.6 points short.

## Key facts

- ONX, what ON did: −6.9%, as of Oct 2, 2026.
- ONX, what 2 times a day gives: −20.0%, as of Oct 2, 2026.
- ONX, what the fund returned: −21.5%, as of Oct 2, 2026.
- ONX, the fund itself cost: −1.6 pts, as of Oct 2, 2026.
- ONX, net assets: $3m (the issuer’s own daily fund list, as of Oct 2, 2026).
- ONX, expense ratio: 1.30% (485BPOS XBRL, Oct 21, 2025).

## ONX over each window to Oct 2, 2026

| Window | Fund | ON | +2x the move | Difference | ON moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +32.2% | +17.4% | +34.7% | −2.5 pts | 62% |
| 3 months | −21.5% | −6.9% | −13.9% | −7.7 pts | 55% |
| Since launch | −64.7% | −31.4% | −62.8% | −1.9 pts | 76% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of ON, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +3.1 times, against +2 stated | ETFIQ |
| Underlying | ON | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $3m | the issuer’s own daily fund list, as of Oct 2, 2026 |
| Expense ratio | 1.30% | 485BPOS XBRL, Oct 21, 2025 |
| Launched | May 28, 2026 | ETFIQ |
| Underlying volatility over the window | 55% annualized | ETFIQ |

## Questions

### Did ONX return +2 times ON?

Over the window to Oct 2, 2026, ON moved −6.9% and ONX returned −21.5%. 2 times that move is −13.9%, so the fund came out 7.7 points short of it.

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

Because it resets daily. ONX 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, ONX, data as of Oct 2, 2026. https://etfiq.com/funds/onx
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/onx  ·  JSON: https://etfiq.com/funds/onx.json