{
 "ticker": "UPSX",
 "name": "Tradr 2X Long UPST Daily ETF",
 "issuer": "Tradr",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/upsx",
 "html": "https://etfiq.com/funds/upsx",
 "markdown": "https://etfiq.com/funds/upsx.md",
 "as_of": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: UPSX returned \u221262.7% where its own daily promise gave \u221261.0%, 1.7 points short.",
 "key_facts": [
  {
   "key": "what_upst_did",
   "label": "What UPST did",
   "value": "\u221235.7%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "UPSX, what UPST did: \u221235.7%, as of Sep 30, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u221261.0%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "UPSX, what 2 times a day gives: \u221261.0%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221262.7%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "UPSX, what the fund returned: \u221262.7%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22121.7 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "UPSX, the fund itself cost: \u22121.7 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$14m",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "UPSX, net assets: $14m (the issuer\u2019s own daily fund list, as of Sep 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.30%",
   "source": "485BPOS XBRL, Jul 23, 2026",
   "as_of": "2026-09-30",
   "sentence": "UPSX, expense ratio: 1.30% (485BPOS XBRL, Jul 23, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of UPST, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.76 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "UPST",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$14m",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.30%",
   "source": "485BPOS XBRL, Jul 23, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jun 10, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "48% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221237.8%",
   "UPST": "\u221219.8%",
   "+2x the move": "\u221239.7%",
   "Difference": "+1.9 pts",
   "UPST moved about": "41%"
  },
  {
   "window": "3 months",
   "Fund": "\u221262.7%",
   "UPST": "\u221235.7%",
   "+2x the move": "\u221271.3%",
   "Difference": "+8.6 pts",
   "UPST moved about": "48%"
  },
  {
   "window": "6 months",
   "Fund": "\u221236.0%",
   "UPST": "\u22129.3%",
   "+2x the move": "\u221218.7%",
   "Difference": "\u221217.3 pts",
   "UPST moved about": "59%"
  },
  {
   "window": "1 year",
   "Fund": "\u221288.9%",
   "UPST": "\u221254.7%",
   "+2x the move": "\u2212109.5%",
   "Difference": "+20.6 pts",
   "UPST moved about": "65%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221293.1%",
   "UPST": "\u221260.1%",
   "+2x the move": "\u2212120.3%",
   "Difference": "+27.2 pts",
   "UPST moved about": "67%"
  }
 ],
 "questions": [
  {
   "q": "Did UPSX return +2 times UPST?",
   "a": "Over the window to Sep 30, 2026, UPST moved \u221235.7% and UPSX returned \u221262.7%. 2 times that move is \u221271.3%, so the fund came out 8.6 points ahead of it."
  },
  {
   "q": "Why does UPSX not return +2 times over a year?",
   "a": "Because it resets daily. UPSX 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 UPST 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)."
}