{
 "ticker": "QNTU",
 "name": "Tradr 2X Long QNT Daily ETF",
 "issuer": "Tradr",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/qntu",
 "html": "https://etfiq.com/funds/qntu",
 "markdown": "https://etfiq.com/funds/qntu.md",
 "as_of": "2026-10-21",
 "verdict": "Over the three months to Oct 21, 2026, QNTU lost 60.3%, against \u221258.7% for twice QNT's daily moves.",
 "promise": {
  "badge": "delivered",
  "label": "Delivered",
  "category": "leverage",
  "sentence": "Over three months to Oct 21, 2026, QNTU finished 1.6 points behind twice QNT's daily moves, compounded.",
  "figure": -1.6,
  "unit": "points",
  "from": "2026-07-22",
  "to": "2026-10-21",
  "url": "https://etfiq.com/promise-index/leverage/"
 },
 "key_facts": [
  {
   "key": "what_qnt_did",
   "label": "What QNT did",
   "value": "\u221229.6%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "QNTU, what QNT did: \u221229.6%, as of Oct 21, 2026.",
   "cite": {
    "value": "\u221229.6%",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/qntu#fact-what-qnt-did",
    "text": "QNTU, what QNT did: \u221229.6%, as of Oct 21, 2026."
   }
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u221258.7%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "QNTU, what 2 times a day gives: \u221258.7%, as of Oct 21, 2026.",
   "cite": {
    "value": "\u221258.7%",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/qntu#fact-what-2-times-a-day-gives",
    "text": "QNTU, what 2 times a day gives: \u221258.7%, as of Oct 21, 2026."
   }
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221260.3%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "QNTU, what the fund returned: \u221260.3%, as of Oct 21, 2026.",
   "cite": {
    "value": "\u221260.3%",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/qntu#fact-what-the-fund-returned",
    "text": "QNTU, what the fund returned: \u221260.3%, as of Oct 21, 2026."
   }
  },
  {
   "key": "gap_to_2_times_a_day",
   "label": "Gap to 2 times a day",
   "value": "\u22121.6 pts",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "QNTU, gap to 2 times a day: \u22121.6 pts, as of Oct 21, 2026.",
   "cite": {
    "value": "\u22121.6 pts",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/qntu#fact-gap-to-2-times-a-day",
    "text": "QNTU, gap to 2 times a day: \u22121.6 pts, as of Oct 21, 2026."
   }
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$3m",
   "source": "the issuer\u2019s own daily fund list, as of Oct 21, 2026",
   "as_of": "2026-10-21",
   "sentence": "QNTU, net assets: $3m (the issuer\u2019s own daily fund list, as of Oct 21, 2026).",
   "cite": {
    "value": "$3m",
    "as_of": "2026-10-21",
    "source": "the issuer\u2019s own daily fund list, as of Oct 21, 2026",
    "url": "https://etfiq.com/funds/qntu#fact-net-assets",
    "text": "QNTU, net assets: $3m (the issuer\u2019s own daily fund list, as of Oct 21, 2026)."
   }
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.49%",
   "source": "485BPOS XBRL, Jun 15, 2026",
   "as_of": "2026-06-15",
   "sentence": "QNTU, expense ratio: 1.49% (485BPOS XBRL, Jun 15, 2026).",
   "cite": {
    "value": "1.49%",
    "as_of": "2026-06-15",
    "source": "485BPOS XBRL, Jun 15, 2026",
    "url": "https://etfiq.com/funds/qntu#fact-expense-ratio",
    "text": "QNTU, expense ratio: 1.49% (485BPOS XBRL, Jun 15, 2026)."
   }
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of QNT, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+2.03911 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "QNT",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, index",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$3m",
   "source": "the issuer\u2019s own daily fund list, as of Oct 21, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.49%",
   "source": "485BPOS XBRL, Jun 15, 2026"
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Jul 1, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "90% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Total return": "\u221246.1%",
   "QNT": "\u221224.4%",
   "+2x the move": "\u221248.8%",
   "Difference": "+2.7 pts",
   "QNT moved about, annualized": "70%"
  },
  {
   "window": "3 months",
   "Total return": "\u221260.3%",
   "QNT": "\u221229.6%",
   "+2x the move": "\u221259.2%",
   "Difference": "\u22121.1 pts",
   "QNT moved about, annualized": "90%"
  },
  {
   "window": "Since launch",
   "Total return": "\u221281.7%",
   "QNT": "\u221250.7%",
   "+2x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "QNT moved about, annualized": "91%"
  }
 ],
 "questions": [
  {
   "q": "Did QNTU return +2 times QNT?",
   "a": "Over the three months to Oct 21, 2026, QNT moved \u221229.6% and QNTU returned \u221260.3%. 2 times that move is \u221259.2%, so the fund came out 1.1 points short of it. That is not its objective, which is daily. Against 2 times each day's move, compounded, it was 1.6 points short."
  },
  {
   "q": "Why does QNTU not return +2 times over a year?",
   "a": "Because it resets daily. QNTU aims at +2 times each day's move, and daily results compound. If the underlying falls and recovers, a holder ends up behind +2 times the period move; in a steady run in one direction, possibly ahead. The longer the holding and the more the underlying swings, the wider the gap."
  }
 ],
 "key_stats": [
  {
   "key": "high52",
   "label": "High since Jul 1, 2026, daily closes to Oct 21, 2026",
   "value": "$25.69 on Jul 6, 2026",
   "as_of": "2026-07-06",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 25.69,
   "window": {
    "from": "2026-07-01",
    "to": "2026-10-21"
   }
  },
  {
   "key": "low52",
   "label": "Low since Jul 1, 2026, daily closes to Oct 21, 2026",
   "value": "$3.14 on Oct 14, 2026",
   "as_of": "2026-10-14",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 3.14,
   "window": {
    "from": "2026-07-01",
    "to": "2026-10-21"
   }
  },
  {
   "key": "inrange",
   "label": "Close on Oct 21, 2026, within that range",
   "value": "$4.21, 5% of the way from the low to the high",
   "as_of": "2026-10-21",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 4.21
  }
 ],
 "flows": {
  "as_of": "2026-07-31",
  "coverage": "monthly",
  "computed_by": "ETFIQ, from the change in shares outstanding times the previous day\u2019s NAV",
  "method": "https://etfiq.com/methodology/flows",
  "data": "https://etfiq.com/data/flows/funds/qntu.json",
  "windows": [],
  "latest_month": {
   "month": "2026-07",
   "net_flow_usd": 1093793,
   "net_flow": "+$1.1m",
   "source": "SEC Form N-PORT"
  }
 },
 "generated": "2026-10-22",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, QNTU, leveraged ETFs, data as of Oct 21, 2026. https://etfiq.com/funds/qntu"
}