{
 "ticker": "PATX",
 "name": "Tradr 2X Long PATH Daily ETF",
 "issuer": "Tradr",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/patx",
 "html": "https://etfiq.com/funds/patx",
 "markdown": "https://etfiq.com/funds/patx.md",
 "as_of": "2026-10-02",
 "verdict": "Three months to Oct 2, 2026: PATX returned +6.3% where its own daily promise gave +10.2%, 3.9 points short.",
 "key_facts": [
  {
   "key": "what_path_did",
   "label": "What PATH did",
   "value": "+12.0%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "PATX, what PATH did: +12.0%, as of Oct 2, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "+10.2%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "PATX, what 2 times a day gives: +10.2%, as of Oct 2, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+6.3%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "PATX, what the fund returned: +6.3%, as of Oct 2, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22123.9 pts",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "PATX, the fund itself cost: \u22123.9 pts, as of Oct 2, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$4m",
   "source": "the issuer\u2019s own daily fund list, as of Oct 2, 2026",
   "as_of": "2026-10-02",
   "sentence": "PATX, net assets: $4m (the issuer\u2019s own daily fund list, as of Oct 2, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.49%",
   "source": "485BPOS XBRL, Jan 12, 2026",
   "as_of": "2026-10-02",
   "sentence": "PATX, expense ratio: 1.49% (485BPOS XBRL, Jan 12, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of PATH, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+0.52 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "PATH",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$4m",
   "source": "the issuer\u2019s own daily fund list, as of Oct 2, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.49%",
   "source": "485BPOS XBRL, Jan 12, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jan 13, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "68% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221250.5%",
   "PATH": "\u221227.1%",
   "+2x the move": "\u221254.1%",
   "Difference": "+3.6 pts",
   "PATH moved about": "74%"
  },
  {
   "window": "3 months",
   "Fund": "+6.3%",
   "PATH": "+12.0%",
   "+2x the move": "+24.1%",
   "Difference": "\u221217.8 pts",
   "PATH moved about": "68%"
  },
  {
   "window": "6 months",
   "Fund": "+3.2%",
   "PATH": "+16.7%",
   "+2x the move": "+33.5%",
   "Difference": "\u221230.2 pts",
   "PATH moved about": "63%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221254.9%",
   "PATH": "\u221217.9%",
   "+2x the move": "\u221235.7%",
   "Difference": "\u221219.2 pts",
   "PATH moved about": "62%"
  }
 ],
 "questions": [
  {
   "q": "Did PATX return +2 times PATH?",
   "a": "Over the window to Oct 2, 2026, PATH moved +12.0% and PATX returned +6.3%. 2 times that move is +24.1%, so the fund came out 17.8 points short of it."
  },
  {
   "q": "Why does PATX not return +2 times over a year?",
   "a": "Because it resets daily. PATX 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."
  }
 ],
 "generated": "2026-10-03",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}