# TDAX (TDAQ LIFT ETF)

not established · Leveraged ETFs · data as of Nov 12, 2026

Promise check: Partly. Over three months to Nov 12, 2026, TDAX finished 2.0 points behind 1.3 times TDAQ's daily moves, compounded. https://etfiq.com/promise-index/leverage/

Over the three months to Nov 12, 2026, TDAX lost 9.5%, against −7.5% for 1.3 times TDAQ's daily moves.

## Key facts

- TDAX, what TDAQ did: −5.6%, as of Nov 12, 2026.
- TDAX, what 1.3 times a day gives: −7.5%, as of Nov 12, 2026.
- TDAX, what the fund returned: −9.5%, as of Nov 12, 2026.
- TDAX, gap to 1.3 times a day: −2.0 pts, as of Nov 12, 2026.
- TDAX, last payment (paid weekly), ex-date Nov 10, 2026: $0.0989, as of Nov 10, 2026.
- TDAX, net assets: $43m (SEC N-PORT, whole fund, as filed for Jun 30, 2026).
- TDAX, expense ratio: 0.97% (497 XBRL, Oct 9, 2026).

## TDAX over each window to Nov 12, 2026

| Window | Total return | TDAQ | +1.3x the move | Difference | TDAQ moved about, annualized |
| --- | --- | --- | --- | --- | --- |
| 1 month | −10.0% | −7.2% | −9.4% | −0.6 pts | 36% |
| 3 months | −9.5% | −5.6% | −7.3% | −2.2 pts | 25% |
| 6 months | −8.5% | −4.0% | −5.2% | −3.3 pts | 25% |
| Since launch | +5.9% | +9.5% | +12.4% | −6.5 pts | 22% |

## TDAX key stats

- High since Jan 7, 2026, daily closes to Nov 12, 2026: $26.85 on Jun 2, 2026 (computed by ETFIQ from Tiingo daily prices)
- Low since Jan 7, 2026, daily closes to Nov 12, 2026: $19.68 on Mar 30, 2026 (computed by ETFIQ from Tiingo daily prices)
- Close on Nov 12, 2026, within that range: $21.15, 21% of the way from the low to the high (computed by ETFIQ from Tiingo daily prices)

## TDAX trading

- Not scored.
- The full trading page: https://etfiq.com/funds/tdax/trading/

## TDAX for holders outside the US

- US tax withheld on dividends, no treaty: 30% (<https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf>)
- Treaty rates on dividends (IRS table, read Oct 30, 2026): 65 countries, 10% to 30% (<https://www.irs.gov/individuals/international-taxpayers/tax-treaty-tables>)
- TDAX interest-related and short-term gain dividends: not read by ETFIQ
- US estate tax filing threshold, non-resident holders: $60,000 (<https://www.irs.gov/instructions/i706na>)
- Share class: Distributing (<https://etfiq.com/learn/non-us-holders>)

Facts from the IRS, not tax advice.

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +1.3 times the daily move of TDAQ, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.69969 times, against +1.3 stated | ETFIQ |
| Underlying | TDAQ | ETFIQ |
| Segment | sector or country, index | ETFIQ |
| Net assets | $43m | SEC N-PORT, whole fund, as filed for Jun 30, 2026 |
| Expense ratio | 0.97% | 497 XBRL, Oct 9, 2026 |
| First traded | Jan 7, 2026 | ETFIQ |
| Underlying volatility over the window | 25% annualized | ETFIQ |

## Questions

### Did TDAX return +1.3 times TDAQ?

Over the three months to Nov 12, 2026, TDAQ moved −5.6% and TDAX returned −9.5%. 1.3 times that move is −7.3%, 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.

### Why does TDAX not return +1.3 times over a year?

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.


## Cite this page

ETFIQ, TDAX, leveraged ETFs, data as of Nov 12, 2026. https://etfiq.com/funds/tdax
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at <https://etfiq.com/data/>.

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