{
 "ticker": "UMCU",
 "name": "Tradr 2X Long UMC Daily ETF",
 "issuer": "Tradr",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/umcu",
 "html": "https://etfiq.com/funds/umcu",
 "markdown": "https://etfiq.com/funds/umcu.md",
 "as_of": "2026-09-30",
 "verdict": "One month to Sep 30, 2026: UMCU returned +45.7% where its own daily promise gave +48.3%, 2.6 points short.",
 "key_facts": [
  {
   "key": "what_umc_did",
   "label": "What UMC did",
   "value": "+23.2%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "UMCU, what UMC did: +23.2%, as of Sep 30, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "+48.3%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "UMCU, what 2 times a day gives: +48.3%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+45.7%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "UMCU, what the fund returned: +45.7%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.6 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "UMCU, the fund itself cost: \u22122.6 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$201,604",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "UMCU, net assets: $201,604 (the issuer\u2019s own daily fund list, as of Sep 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.49%",
   "source": "485BPOS XBRL, Jul 31, 2026",
   "as_of": "2026-09-30",
   "sentence": "UMCU, expense ratio: 1.49% (485BPOS XBRL, Jul 31, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of UMC, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.97 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "UMC",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$201,604",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.49%",
   "source": "485BPOS XBRL, Jul 31, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Aug 11, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "52% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+45.7%",
   "UMC": "+23.2%",
   "+2x the move": "+46.4%",
   "Difference": "\u22120.7 pts",
   "UMC moved about": "52%"
  },
  {
   "window": "Since launch",
   "Fund": "+59.0%",
   "UMC": "+29.3%",
   "+2x the move": "+58.6%",
   "Difference": "+0.3 pts",
   "UMC moved about": "48%"
  }
 ],
 "questions": [
  {
   "q": "Did UMCU return +2 times UMC?",
   "a": "Over the window to Sep 30, 2026, UMC moved +23.2% and UMCU returned +45.7%. 2 times that move is +46.4%, so the fund came out 0.7 points short of it."
  },
  {
   "q": "Why does UMCU not return +2 times over a year?",
   "a": "Because it resets daily. UMCU 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 UMC ETF tracked its stated multiple most closely?",
   "a": "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."
  }
 ],
 "generated": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}