{
 "ticker": "TSLQ",
 "name": "Tradr 2X Short TSLA Daily ETF",
 "issuer": "Tradr",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/tslq",
 "html": "https://etfiq.com/funds/tslq",
 "markdown": "https://etfiq.com/funds/tslq.md",
 "as_of": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: TSLQ returned +19.7% where its own daily promise gave +17.3%, 2.4 points over.",
 "key_facts": [
  {
   "key": "what_tsla_did",
   "label": "What TSLA did",
   "value": "\u221216.6%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "TSLQ, what TSLA did: \u221216.6%, as of Sep 30, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What \u22122 times a day gives",
   "value": "+17.3%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "TSLQ, what \u22122 times a day gives: +17.3%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+19.7%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "TSLQ, what the fund returned: +19.7%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_added",
   "label": "The fund itself added",
   "value": "+2.4 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "TSLQ, the fund itself added: +2.4 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$90m",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "TSLQ, net assets: $90m (the issuer\u2019s own daily fund list, as of Sep 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.15%",
   "source": "485BPOS XBRL, Jul 23, 2026",
   "as_of": "2026-09-30",
   "sentence": "TSLQ, expense ratio: 1.15% (485BPOS XBRL, Jul 23, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "-2 times the daily move of TSLA, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "-1.19 times, against -2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "TSLA",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$90m",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.15%",
   "source": "485BPOS XBRL, Jul 23, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jul 14, 2022",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "52% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+4.0%",
   "TSLA": "\u22123.6%",
   "-2x the move": "+7.1%",
   "Difference": "\u22123.2 pts",
   "TSLA moved about": "40%"
  },
  {
   "window": "3 months",
   "Fund": "+19.7%",
   "TSLA": "\u221216.6%",
   "-2x the move": "+33.1%",
   "Difference": "\u221213.5 pts",
   "TSLA moved about": "52%"
  },
  {
   "window": "6 months",
   "Fund": "\u221216.8%",
   "TSLA": "\u22126.9%",
   "-2x the move": "+13.9%",
   "Difference": "\u221230.7 pts",
   "TSLA moved about": "50%"
  },
  {
   "window": "1 year",
   "Fund": "\u22129.7%",
   "TSLA": "\u221220.2%",
   "-2x the move": "+40.4%",
   "Difference": "\u221250.1 pts",
   "TSLA moved about": "46%"
  },
  {
   "window": "3 years",
   "Fund": "\u221295.5%",
   "TSLA": "+41.8%",
   "-2x the move": "\u221283.6%",
   "Difference": "\u221211.9 pts",
   "TSLA moved about": "58%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221297.0%",
   "TSLA": "+48.9%",
   "-2x the move": "\u221297.8%",
   "Difference": "+0.8 pts",
   "TSLA moved about": "58%"
  }
 ],
 "questions": [
  {
   "q": "Did TSLQ return -2 times TSLA?",
   "a": "Over the window to Sep 30, 2026, TSLA moved \u221216.6% and TSLQ returned +19.7%. \u22122 times that move is +33.1%, so the fund came out 13.5 points short of it."
  },
  {
   "q": "Why does TSLQ not return -2 times over a year?",
   "a": "Because it resets daily. TSLQ 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."
  },
  {
   "q": "Which -2x TSLA ETF tracked its stated multiple most closely?",
   "a": "3 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 \u22122 times the underlying's move. ETFIQ does not rate funds; the order is the figure itself."
  }
 ],
 "generated": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}