# SPYQ (Tradr 2X Long SPY Quarterly ETF)

Tradr · Leveraged ETFs · data as of Oct 22, 2026

Promise check: Delivered. Over three months to Oct 22, 2026, SPYQ finished 1.8 points behind twice SPY's daily moves, compounded. https://etfiq.com/promise-index/leverage/

Over the three months to Oct 22, 2026, SPYQ returned 5.5%, against 7.3% for twice SPY's daily moves.

## Key facts

- SPYQ, what SPY did: +3.7%, as of Oct 22, 2026.
- SPYQ, what 2 times a day gives: +7.3%, as of Oct 22, 2026.
- SPYQ, what the fund returned: +5.5%, as of Oct 22, 2026.
- SPYQ, gap to 2 times a day: −1.8 pts, as of Oct 22, 2026.
- SPYQ, 12-month yield, capital gains included, on its starting price: 0.2%, as of Oct 22, 2026.
- SPYQ, last payment, ex-date Dec 23, 2025: $0.2711, as of Dec 23, 2025.
- SPYQ, net assets: $13m (the issuer’s own daily fund list, as of Oct 22, 2026).
- SPYQ, expense ratio: 1.00% (497 XBRL, Aug 5, 2026).

## SPYQ over each window to Oct 22, 2026

| Window | Total return | SPY | +2x the move | Difference | SPY moved about, annualized |
| --- | --- | --- | --- | --- | --- |
| 1 month | −2.9% | −1.2% | −2.4% | −0.5 pts | 9% |
| 3 months | +5.5% | +3.7% | +7.4% | −1.9 pts | 11% |
| 6 months | +12.3% | +8.4% | +16.8% | −4.5 pts | 12% |
| Year to date | +18.4% | +12.9% | +25.8% | −7.4 pts | 13% |
| 1 year | +22.5% | +15.6% | +31.2% | −8.7 pts | 13% |
| Since launch | +56.5% | +37.4% | +74.8% | −18.3 pts | 16% |
| Since launch, annualised | +24.3% | – | – | – | – |

## SPYQ key stats

- 52-week high, daily closes to Oct 22, 2026: $200.28 on Aug 13, 2026 (computed by ETFIQ from Tiingo daily prices)
- 52-week low, daily closes to Oct 22, 2026: $136.45 on Mar 30, 2026 (computed by ETFIQ from Tiingo daily prices)
- Close on Oct 22, 2026, within that range: $191.64, 86% of the way from the low to the high (computed by ETFIQ from Tiingo daily prices)
- Beta to its underlying, 1 year: 1.96, against SPY (computed by ETFIQ from Tiingo daily prices)
- R-squared, the same days: 0.98 (computed by ETFIQ from Tiingo daily prices)
- Beta and R-squared measured over: 251 daily total returns, Oct 23, 2025 to Oct 22, 2026 (computed by ETFIQ from Tiingo daily prices)

## SPYQ trading

- Not scored.

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of the S&P 500, measured through SPY, reset daily | ETFIQ |
| Multiple a holder actually got over the window | SPY moved +3.7% over this window, too little to read a multiple from | ETFIQ |
| Underlying | SPY | ETFIQ |
| Segment | sector or country, index | ETFIQ |
| Net assets | $13m | the issuer’s own daily fund list, as of Oct 22, 2026 |
| Expense ratio | 1.00% | 497 XBRL, Aug 5, 2026 |
| First traded | Oct 1, 2024 | ETFIQ |
| Underlying volatility over the window | 11% annualized | ETFIQ |

## Money in and out, to Jun 30, 2026

Monthly figures only. Jun 2026: −$71.4m, from SEC Form N-PORT.

Computed by ETFIQ from the change in shares outstanding times the previous day’s NAV. Every day and month: <https://etfiq.com/data/flows/funds/spyq.json>. Method: https://etfiq.com/methodology/flows

## Questions

### Did SPYQ return +2 times SPY?

Over the three months to Oct 22, 2026, SPY moved +3.7% and SPYQ returned +5.5%. 2 times that move is +7.4%, so the fund came out 1.9 points short of it. That is not its objective, which is daily. Against 2 times each day's move, compounded, it was 1.8 points short.

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

Because it resets daily. SPYQ 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.

### Which +2x SPY ETF came closest to its daily multiple?

3 issuers sell one. The table on this page ranks them by how far each finished from 2 times the underlying's move, over the days all of them have traded.


## Cite this page

ETFIQ, SPYQ, leveraged ETFs, data as of Oct 22, 2026. https://etfiq.com/funds/spyq
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at <https://etfiq.com/data/>.

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