# UPSX (Tradr 2X Long UPST Daily ETF)

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

Three months to Sep 30, 2026: UPSX returned −62.7% where its own daily promise gave −61.0%, 1.7 points short.

## Key facts

- UPSX, what UPST did: −35.7%, as of Sep 30, 2026.
- UPSX, what 2 times a day gives: −61.0%, as of Sep 30, 2026.
- UPSX, what the fund returned: −62.7%, as of Sep 30, 2026.
- UPSX, the fund itself cost: −1.7 pts, as of Sep 30, 2026.
- UPSX, net assets: $14m (the issuer’s own daily fund list, as of Sep 30, 2026).
- UPSX, expense ratio: 1.30% (485BPOS XBRL, Jul 23, 2026).

## UPSX over each window to Sep 30, 2026

| Window | Fund | UPST | +2x the move | Difference | UPST moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −37.8% | −19.8% | −39.7% | +1.9 pts | 41% |
| 3 months | −62.7% | −35.7% | −71.3% | +8.6 pts | 48% |
| 6 months | −36.0% | −9.3% | −18.7% | −17.3 pts | 59% |
| 1 year | −88.9% | −54.7% | −109.5% | +20.6 pts | 65% |
| Since launch | −93.1% | −60.1% | −120.3% | +27.2 pts | 67% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of UPST, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.76 times, against +2 stated | ETFIQ |
| Underlying | UPST | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $14m | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 1.30% | 485BPOS XBRL, Jul 23, 2026 |
| Launched | Jun 10, 2025 | ETFIQ |
| Underlying volatility over the window | 48% annualized | ETFIQ |

## Questions

### Did UPSX return +2 times UPST?

Over the window to Sep 30, 2026, UPST moved −35.7% and UPSX returned −62.7%. 2 times that move is −71.3%, so the fund came out 8.6 points ahead of it.

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

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.

### Which +2x UPST 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, UPSX, data as of Sep 30, 2026. https://etfiq.com/funds/upsx
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/upsx  ·  JSON: https://etfiq.com/funds/upsx.json