# TSEU (Tradr 2X Long TSEM Daily ETF)

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

Three months to Sep 30, 2026: TSEU returned −31.5% where its own daily promise gave −29.6%, 1.9 points short.

## Key facts

- TSEU, what TSEM did: −7.3%, as of Sep 30, 2026.
- TSEU, what 2 times a day gives: −29.6%, as of Sep 30, 2026.
- TSEU, what the fund returned: −31.5%, as of Sep 30, 2026.
- TSEU, the fund itself cost: −1.9 pts, as of Sep 30, 2026.
- TSEU, net assets: $902,997 (the issuer’s own daily fund list, as of Sep 30, 2026).
- TSEU, expense ratio: 1.49% (485BPOS XBRL, Jun 23, 2026).

## TSEU over each window to Sep 30, 2026

| Window | Fund | TSEM | +2x the move | Difference | TSEM moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +17.5% | +10.9% | +21.8% | −4.3 pts | 70% |
| 3 months | −31.5% | −7.3% | −14.7% | −16.8 pts | 88% |
| Since launch | −31.5% | −7.3% | −14.7% | −16.8 pts | 88% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of TSEM, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +4.28 times, against +2 stated | ETFIQ |
| Underlying | TSEM | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $902,997 | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 1.49% | 485BPOS XBRL, Jun 23, 2026 |
| Launched | Jul 1, 2026 | ETFIQ |
| Underlying volatility over the window | 88% annualized | ETFIQ |

## Questions

### Did TSEU return +2 times TSEM?

Over the window to Sep 30, 2026, TSEM moved −7.3% and TSEU returned −31.5%. 2 times that move is −14.7%, so the fund came out 16.8 points short of it.

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

Because it resets daily. TSEU 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 TSEM ETF tracked its stated multiple most closely?

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

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