{
 "ticker": "SNXX",
 "name": "Tradr 2X Long SNDK Daily ETF",
 "issuer": "Tradr",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/snxx",
 "html": "https://etfiq.com/funds/snxx",
 "markdown": "https://etfiq.com/funds/snxx.md",
 "as_of": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: SNXX returned \u221250.2% where its own daily promise gave \u221247.7%, 2.5 points short.",
 "key_facts": [
  {
   "key": "what_sndk_did",
   "label": "What SNDK did",
   "value": "\u221214.4%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "SNXX, what SNDK did: \u221214.4%, as of Sep 30, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u221247.7%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "SNXX, what 2 times a day gives: \u221247.7%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221250.2%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "SNXX, what the fund returned: \u221250.2%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.5 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "SNXX, the fund itself cost: \u22122.5 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$2.0bn",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "SNXX, net assets: $2.0bn (the issuer\u2019s own daily fund list, as of Sep 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.49%",
   "source": "485BPOS XBRL, Jan 26, 2026",
   "as_of": "2026-09-30",
   "sentence": "SNXX, expense ratio: 1.49% (485BPOS XBRL, Jan 26, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of SNDK, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+3.49 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "SNDK",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$2.0bn",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.49%",
   "source": "485BPOS XBRL, Jan 26, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jan 27, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "117% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+16.0%",
   "SNDK": "+11.1%",
   "+2x the move": "+22.1%",
   "Difference": "\u22126.1 pts",
   "SNDK moved about": "73%"
  },
  {
   "window": "3 months",
   "Fund": "\u221250.2%",
   "SNDK": "\u221214.4%",
   "+2x the move": "\u221228.8%",
   "Difference": "\u221221.4 pts",
   "SNDK moved about": "117%"
  },
  {
   "window": "6 months",
   "Fund": "+209.2%",
   "SNDK": "+151.2%",
   "+2x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "SNDK moved about": "115%"
  },
  {
   "window": "Since launch",
   "Fund": "+412.1%",
   "SNDK": "+261.4%",
   "+2x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "SNDK moved about": "112%"
  }
 ],
 "questions": [
  {
   "q": "Did SNXX return +2 times SNDK?",
   "a": "Over the window to Sep 30, 2026, SNDK moved \u221214.4% and SNXX returned \u221250.2%. 2 times that move is \u221228.8%, so the fund came out 21.4 points short of it."
  },
  {
   "q": "Why does SNXX not return +2 times over a year?",
   "a": "Because it resets daily. SNXX 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."
  },
  {
   "q": "Which +2x SNDK ETF tracked its stated multiple most closely?",
   "a": "4 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."
  }
 ],
 "generated": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}