# XNDX (Tradr 2X Long XNDU Daily ETF)

Tradr · Leveraged ETFs · data as of Oct 2, 2026

Three months to Oct 2, 2026: XNDX returned −89.3% where its own daily promise gave −88.8%, 0.5 points short.

## Key facts

- XNDX, what XNDU did: −63.0%, as of Oct 2, 2026.
- XNDX, what 2 times a day gives: −88.8%, as of Oct 2, 2026.
- XNDX, what the fund returned: −89.3%, as of Oct 2, 2026.
- XNDX, the fund itself cost: −0.5 pts, as of Oct 2, 2026.
- XNDX, net assets: $3m (the issuer’s own daily fund list, as of Oct 2, 2026).
- XNDX, expense ratio: 1.49% (485BPOS XBRL, Mar 31, 2026).

## XNDX over each window to Oct 2, 2026

| Window | Fund | XNDU | +2x the move | Difference | XNDU moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −83.5% | −56.7% | −113.5% | +30.0 pts | 73% |
| 3 months | −89.3% | −63.0% | −126.0% | +36.7 pts | 77% |
| Since launch | −96.3% | −75.3% | −150.5% | +54.3 pts | 96% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of XNDU, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.42 times, against +2 stated | ETFIQ |
| Underlying | XNDU | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $3m | the issuer’s own daily fund list, as of Oct 2, 2026 |
| Expense ratio | 1.49% | 485BPOS XBRL, Mar 31, 2026 |
| Launched | May 7, 2026 | ETFIQ |
| Underlying volatility over the window | 77% annualized | ETFIQ |

## Questions

### Did XNDX return +2 times XNDU?

Over the window to Oct 2, 2026, XNDU moved −63.0% and XNDX returned −89.3%. 2 times that move is −126.0%, so the fund came out 36.7 points ahead of it.

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

Because it resets daily. XNDX 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.


## Cite this page

ETFIQ, XNDX, data as of Oct 2, 2026. https://etfiq.com/funds/xndx
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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