# SNXX (Tradr 2X Long SNDK Daily ETF)

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

Three months to Sep 30, 2026: SNXX returned −50.2% where its own daily promise gave −47.7%, 2.5 points short.

## Key facts

- SNXX, what SNDK did: −14.4%, as of Sep 30, 2026.
- SNXX, what 2 times a day gives: −47.7%, as of Sep 30, 2026.
- SNXX, what the fund returned: −50.2%, as of Sep 30, 2026.
- SNXX, the fund itself cost: −2.5 pts, as of Sep 30, 2026.
- SNXX, net assets: $2.0bn (the issuer’s own daily fund list, as of Sep 30, 2026).
- SNXX, expense ratio: 1.49% (485BPOS XBRL, Jan 26, 2026).

## SNXX over each window to Sep 30, 2026

| Window | Fund | SNDK | +2x the move | Difference | SNDK moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +16.0% | +11.1% | +22.1% | −6.1 pts | 73% |
| 3 months | −50.2% | −14.4% | −28.8% | −21.4 pts | 117% |
| 6 months | +209.2% | +151.2% | not meaningful over this window | not meaningful over this window | 115% |
| Since launch | +412.1% | +261.4% | not meaningful over this window | not meaningful over this window | 112% |

## 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 | +3.49 times, against +2 stated | ETFIQ |
| Underlying | SNDK | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $2.0bn | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 1.49% | 485BPOS XBRL, Jan 26, 2026 |
| Launched | Jan 27, 2026 | ETFIQ |
| Underlying volatility over the window | 117% annualized | ETFIQ |

## Questions

### Did SNXX return +2 times SNDK?

Over the window to Sep 30, 2026, SNDK moved −14.4% and SNXX returned −50.2%. 2 times that move is −28.8%, so the fund came out 21.4 points short of it.

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

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.

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

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.


## Cite this page

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

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