{
 "ticker": "PONX",
 "name": "Tradr 2X Long PONY Daily ETF",
 "issuer": "Tradr",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/ponx",
 "html": "https://etfiq.com/funds/ponx",
 "markdown": "https://etfiq.com/funds/ponx.md",
 "as_of": "2026-10-02",
 "verdict": "Three months to Oct 2, 2026: PONX returned \u221229.6% where its own daily promise gave \u221226.2%, 3.3 points short.",
 "key_facts": [
  {
   "key": "what_pony_did",
   "label": "What PONY did",
   "value": "\u221211.1%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "PONX, what PONY did: \u221211.1%, as of Oct 2, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u221226.2%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "PONX, what 2 times a day gives: \u221226.2%, as of Oct 2, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221229.6%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "PONX, what the fund returned: \u221229.6%, as of Oct 2, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22123.3 pts",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "PONX, the fund itself cost: \u22123.3 pts, as of Oct 2, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$3m",
   "source": "the issuer\u2019s own daily fund list, as of Oct 2, 2026",
   "as_of": "2026-10-02",
   "sentence": "PONX, net assets: $3m (the issuer\u2019s own daily fund list, as of Oct 2, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.30%",
   "source": "485BPOS XBRL, Jul 23, 2026",
   "as_of": "2026-10-02",
   "sentence": "PONX, expense ratio: 1.30% (485BPOS XBRL, Jul 23, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of PONY, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+2.66 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "PONY",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$3m",
   "source": "the issuer\u2019s own daily fund list, as of Oct 2, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.30%",
   "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": "51% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221227.8%",
   "PONY": "\u221213.7%",
   "+2x the move": "\u221227.3%",
   "Difference": "\u22120.5 pts",
   "PONY moved about": "48%"
  },
  {
   "window": "3 months",
   "Fund": "\u221229.6%",
   "PONY": "\u221211.1%",
   "+2x the move": "\u221222.3%",
   "Difference": "\u22127.3 pts",
   "PONY moved about": "51%"
  },
  {
   "window": "6 months",
   "Fund": "\u221267.1%",
   "PONY": "\u221234.2%",
   "+2x the move": "\u221268.3%",
   "Difference": "+1.2 pts",
   "PONY moved about": "60%"
  },
  {
   "window": "1 year",
   "Fund": "\u221296.8%",
   "PONY": "\u221274.8%",
   "+2x the move": "\u2212149.5%",
   "Difference": "+52.7 pts",
   "PONY moved about": "69%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221292.6%",
   "PONY": "\u221260.0%",
   "+2x the move": "\u2212120.1%",
   "Difference": "+27.5 pts",
   "PONY moved about": "71%"
  }
 ],
 "questions": [
  {
   "q": "Did PONX return +2 times PONY?",
   "a": "Over the window to Oct 2, 2026, PONY moved \u221211.1% and PONX returned \u221229.6%. 2 times that move is \u221222.3%, so the fund came out 7.3 points short of it."
  },
  {
   "q": "Why does PONX not return +2 times over a year?",
   "a": "Because it resets daily. PONX 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)."
}