# QBTX (Tradr 2X Long QBTS Daily ETF)

Tradr · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: QBTX returned −60.9% where its own daily promise gave −58.6%, 2.3 points short.

## Key facts

- QBTX, what QBTS did: −29.5%, as of Sep 30, 2026.
- QBTX, what 2 times a day gives: −58.6%, as of Sep 30, 2026.
- QBTX, what the fund returned: −60.9%, as of Sep 30, 2026.
- QBTX, the fund itself cost: −2.3 pts, as of Sep 30, 2026.
- QBTX, net assets: $64m (the issuer’s own daily fund list, as of Sep 30, 2026).
- QBTX, expense ratio: 1.31% (485BPOS XBRL, Jul 23, 2026).

## QBTX over each window to Sep 30, 2026

| Window | Fund | QBTS | +2x the move | Difference | QBTS moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −11.1% | −3.7% | −7.3% | −3.8 pts | 54% |
| 3 months | −60.9% | −29.5% | −59.0% | −2.0 pts | 87% |
| 6 months | −20.5% | +20.9% | +41.9% | −62.4 pts | 108% |
| 1 year | −87.8% | −32.9% | −65.9% | −22.0 pts | 110% |
| Since launch | −27.5% | +120.0% | not meaningful over this window | not meaningful over this window | 115% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of QBTS, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.07 times, against +2 stated | ETFIQ |
| Underlying | QBTS | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $64m | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 1.31% | 485BPOS XBRL, Jul 23, 2026 |
| Launched | Apr 25, 2025 | ETFIQ |
| Underlying volatility over the window | 87% annualized | ETFIQ |

## Questions

### Did QBTX return +2 times QBTS?

Over the window to Sep 30, 2026, QBTS moved −29.5% and QBTX returned −60.9%. 2 times that move is −59.0%, so the fund came out 2.0 points short of it.

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

Because it resets daily. QBTX 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.

### Which +2x QBTS ETF tracked its stated multiple most closely?

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.


## Cite this page

ETFIQ, QBTX, data as of Sep 30, 2026. https://etfiq.com/funds/qbtx
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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