{
 "ticker": "TDAX",
 "name": "TDAQ LIFT ETF",
 "issuer": "not established",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/tdax",
 "html": "https://etfiq.com/funds/tdax",
 "markdown": "https://etfiq.com/funds/tdax.md",
 "as_of": "2026-11-12",
 "verdict": "Over the three months to Nov 12, 2026, TDAX lost 9.5%, against \u22127.5% for 1.3 times TDAQ's daily moves.",
 "lead": "Over the three months to Nov 12, 2026, TDAX lost 9.5%, against \u22127.5% for 1.3 times TDAQ's daily moves.",
 "promise": {
  "badge": "partly",
  "label": "Partly",
  "category": "leverage",
  "sentence": "Over three months to Nov 12, 2026, TDAX finished 2.0 points behind 1.3 times TDAQ's daily moves, compounded.",
  "figure": -2.0,
  "unit": "points",
  "from": "2026-08-13",
  "to": "2026-11-12",
  "url": "https://etfiq.com/promise-index/leverage/"
 },
 "key_facts": [
  {
   "key": "what_tdaq_did",
   "label": "What TDAQ did",
   "value": "\u22125.6%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-11-12",
   "sentence": "TDAX, what TDAQ did: \u22125.6%, as of Nov 12, 2026.",
   "cite": {
    "value": "\u22125.6%",
    "as_of": "2026-11-12",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/tdax#fact-what-tdaq-did",
    "text": "TDAX, what TDAQ did: \u22125.6%, as of Nov 12, 2026."
   }
  },
  {
   "key": "what_1_3_times_a_day_gives",
   "label": "What 1.3 times a day gives",
   "value": "\u22127.5%",
   "source": null,
   "as_of": "2026-11-12",
   "sentence": "TDAX, what 1.3 times a day gives: \u22127.5%, as of Nov 12, 2026.",
   "cite": {
    "value": "\u22127.5%",
    "as_of": "2026-11-12",
    "source": null,
    "url": "https://etfiq.com/funds/tdax#fact-what-1-3-times-a-day-gives",
    "text": "TDAX, what 1.3 times a day gives: \u22127.5%, as of Nov 12, 2026."
   }
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u22129.5%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-11-12",
   "sentence": "TDAX, what the fund returned: \u22129.5%, as of Nov 12, 2026.",
   "cite": {
    "value": "\u22129.5%",
    "as_of": "2026-11-12",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/tdax#fact-what-the-fund-returned",
    "text": "TDAX, what the fund returned: \u22129.5%, as of Nov 12, 2026."
   }
  },
  {
   "key": "gap_to_1_3_times_a_day",
   "label": "Gap to 1.3 times a day",
   "value": "\u22122.0 pts",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-11-12",
   "sentence": "TDAX, gap to 1.3 times a day: \u22122.0 pts, as of Nov 12, 2026.",
   "cite": {
    "value": "\u22122.0 pts",
    "as_of": "2026-11-12",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/tdax#fact-gap-to-1-3-times-a-day",
    "text": "TDAX, gap to 1.3 times a day: \u22122.0 pts, as of Nov 12, 2026."
   }
  },
  {
   "key": "last_payment",
   "label": "Last payment (paid weekly), ex-date Nov 10, 2026",
   "value": "$0.0989",
   "source": "Tiingo end-of-day distributions",
   "as_of": "2026-11-10",
   "sentence": "TDAX, last payment (paid weekly), ex-date Nov 10, 2026: $0.0989, as of Nov 10, 2026.",
   "cite": {
    "value": "$0.0989",
    "as_of": "2026-11-10",
    "source": "Tiingo end-of-day distributions",
    "url": "https://etfiq.com/funds/tdax#fact-last-payment",
    "text": "TDAX, last payment (paid weekly), ex-date Nov 10, 2026: $0.0989, as of Nov 10, 2026."
   }
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$43m",
   "source": "SEC N-PORT, whole fund, as filed for Jun 30, 2026",
   "as_of": "2026-06-30",
   "sentence": "TDAX, net assets: $43m (SEC N-PORT, whole fund, as filed for Jun 30, 2026).",
   "cite": {
    "value": "$43m",
    "as_of": "2026-06-30",
    "source": "SEC N-PORT, whole fund, as filed for Jun 30, 2026",
    "url": "https://etfiq.com/funds/tdax#fact-net-assets",
    "text": "TDAX, net assets: $43m (SEC N-PORT, whole fund, as filed for Jun 30, 2026)."
   }
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.97%",
   "source": "497 XBRL, Oct 9, 2026",
   "as_of": "2026-10-09",
   "sentence": "TDAX, expense ratio: 0.97% (497 XBRL, Oct 9, 2026).",
   "cite": {
    "value": "0.97%",
    "as_of": "2026-10-09",
    "source": "497 XBRL, Oct 9, 2026",
    "url": "https://etfiq.com/funds/tdax#fact-expense-ratio",
    "text": "TDAX, expense ratio: 0.97% (497 XBRL, Oct 9, 2026)."
   }
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+1.3 times the daily move of TDAQ, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.69969 times, against +1.3 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "TDAQ",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, index",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$43m",
   "source": "SEC N-PORT, whole fund, as filed for Jun 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.97%",
   "source": "497 XBRL, Oct 9, 2026"
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Jan 7, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "25% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Total return": "\u221210.0%",
   "TDAQ": "\u22127.2%",
   "+1.3x the move": "\u22129.4%",
   "Difference": "\u22120.6 pts",
   "TDAQ moved about, annualized": "36%"
  },
  {
   "window": "3 months",
   "Total return": "\u22129.5%",
   "TDAQ": "\u22125.6%",
   "+1.3x the move": "\u22127.3%",
   "Difference": "\u22122.2 pts",
   "TDAQ moved about, annualized": "25%"
  },
  {
   "window": "6 months",
   "Total return": "\u22128.5%",
   "TDAQ": "\u22124.0%",
   "+1.3x the move": "\u22125.2%",
   "Difference": "\u22123.3 pts",
   "TDAQ moved about, annualized": "25%"
  },
  {
   "window": "Since launch",
   "Total return": "+5.9%",
   "TDAQ": "+9.5%",
   "+1.3x the move": "+12.4%",
   "Difference": "\u22126.5 pts",
   "TDAQ moved about, annualized": "22%"
  }
 ],
 "questions": [
  {
   "q": "Did TDAX return +1.3 times TDAQ?",
   "a": "Over the three months to Nov 12, 2026, TDAQ moved \u22125.6% and TDAX returned \u22129.5%. 1.3 times that move is \u22127.3%, so the fund came out 2.2 points short of it. That is not its objective, which is daily. Against 1.3 times each day's move, compounded, it was 2.0 points short."
  },
  {
   "q": "Why does TDAX not return +1.3 times over a year?",
   "a": "Because it resets daily. TDAX aims at +1.3 times each day's move, and daily results compound. If the underlying falls and recovers, a holder ends up behind +1.3 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 Jan 7, 2026, daily closes to Nov 12, 2026",
   "value": "$26.85 on Jun 2, 2026",
   "as_of": "2026-06-02",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 26.85,
   "window": {
    "from": "2026-01-07",
    "to": "2026-11-12"
   }
  },
  {
   "key": "low52",
   "label": "Low since Jan 7, 2026, daily closes to Nov 12, 2026",
   "value": "$19.68 on Mar 30, 2026",
   "as_of": "2026-03-30",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 19.68,
   "window": {
    "from": "2026-01-07",
    "to": "2026-11-12"
   }
  },
  {
   "key": "inrange",
   "label": "Close on Nov 12, 2026, within that range",
   "value": "$21.15, 21% of the way from the low to the high",
   "as_of": "2026-11-12",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 21.15
  }
 ],
 "trading": {
  "as_of": "2026-11-11",
  "score": null,
  "tier": null,
  "status": "not-scored",
  "lines": [
   "Not scored."
  ],
  "page": "https://etfiq.com/funds/tdax/trading/"
 },
 "outside_us": [
  {
   "key": "statutory",
   "label": "US tax withheld on dividends, no treaty",
   "value": "30%",
   "date": "2026-10-30",
   "source": "https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf",
   "number": 30.0,
   "url": "https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf"
  },
  {
   "key": "treaty",
   "label": "Treaty rates on dividends (IRS table, read Oct 30, 2026)",
   "value": "65 countries, 10% to 30%",
   "date": "2026-10-30",
   "source": "https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf",
   "number": 65.0,
   "url": "https://www.irs.gov/individuals/international-taxpayers/tax-treaty-tables"
  },
  {
   "key": "qii",
   "label": "TDAX interest-related and short-term gain dividends",
   "value": "not read by ETFIQ"
  },
  {
   "key": "estate",
   "label": "US estate tax filing threshold, non-resident holders",
   "value": "$60,000",
   "date": "2026-10-30",
   "source": "https://www.irs.gov/instructions/i706na",
   "number": 60000.0,
   "url": "https://www.irs.gov/instructions/i706na"
  },
  {
   "key": "dist",
   "label": "Share class",
   "value": "Distributing",
   "source": "https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section852&num=0&edition=prelim",
   "url": "https://etfiq.com/learn/non-us-holders"
  }
 ],
 "generated": "2026-11-13",
 "license": "https://etfiq.com/license/",
 "license_text": "Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, TDAX, leveraged ETFs, data as of Nov 12, 2026. https://etfiq.com/funds/tdax"
}