# SNDQ (Tradr 2X Short SNDK Daily ETF)

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

Three months to Sep 30, 2026: SNDQ returned −54.7% where its own daily promise gave −55.0%, 0.3 points over.

## Key facts

- SNDQ, what SNDK did: −14.4%, as of Sep 30, 2026.
- SNDQ, what −2 times a day gives: −55.0%, as of Sep 30, 2026.
- SNDQ, what the fund returned: −54.7%, as of Sep 30, 2026.
- SNDQ, the fund itself added: +0.3 pts, as of Sep 30, 2026.
- SNDQ, net assets: $146m (the issuer’s own daily fund list, as of Sep 30, 2026).
- SNDQ, expense ratio: 1.49% (485BPOS XBRL, Apr 22, 2026).

## SNDQ over each window to Sep 30, 2026

| Window | Fund | SNDK | -2x the move | Difference | SNDK moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −29.4% | +11.1% | −22.1% | −7.3 pts | 73% |
| 3 months | −54.7% | −14.4% | +28.8% | −83.4 pts | 117% |
| Since launch | −96.1% | +86.6% | −173.2% | +77.1 pts | 118% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of SNDK, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +3.8 times, against -2 stated | ETFIQ |
| Underlying | SNDK | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $146m | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 1.49% | 485BPOS XBRL, Apr 22, 2026 |
| Launched | Apr 23, 2026 | ETFIQ |
| Underlying volatility over the window | 117% annualized | ETFIQ |

## Questions

### Did SNDQ return -2 times SNDK?

Over the window to Sep 30, 2026, SNDK moved −14.4% and SNDQ returned −54.7%. −2 times that move is +28.8%, so the fund came out 83.4 points short of it.

### Why does SNDQ not return -2 times over a year?

Because it resets daily. SNDQ 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, SNDQ, data as of Sep 30, 2026. https://etfiq.com/funds/sndq
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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