Ranked by the fund’s return minus what its stated multiple would have produced, three months, as of . Rebuilt every trading night.
Leveraged ETFs short of their stated multiple
15 funds, ranked by the fund’s return minus what its stated multiple would have produced, three months, from the figures ETFIQ published on Sep 11, 2026. The field is the whole of the ranking: no score, no weighting and no view on any fund.
| # | Ticker | Fund | Issuer | Says | On | Fund returned | Label implied | Difference |
|---|---|---|---|---|---|---|---|---|
| 1 | SNDQ | Tradr 2X Short SNDK Daily ETF | Tradr | -2x | SNDK | −64.8% | +35.0% | −99.8 pts |
| 2 | IREZ | Tradr 2X Short IREN Daily ETF | Tradr | -2x | IREN | −40.3% | +53.3% | −93.6 pts |
| 3 | NBIZ | Tradr 2X Short NBIS Daily ETF | Tradr | -2x | NBIS | −81.2% | +6.7% | −87.9 pts |
| 4 | QBTZ | Defiance Daily Target 2X Short QBTS ETF | Defiance | -2x | QBTS | −26.5% | +56.2% | −82.7 pts |
| 5 | CBRZ | Tradr 2X Short CBRS Daily ETF | Tradr | -2x | CBRS | −61.8% | +20.6% | −82.4 pts |
| 6 | ASTN | Defiance Daily Target 2X Short ASTS ETF | Defiance | -2x | ASTS | −19.4% | +54.7% | −74.2 pts |
| 7 | CORD | T-REX 2X INVERSE CRWV DAILY TARGET ETF | T-REX | -2x | CRWV | −49.6% | +23.0% | −72.6 pts |
| 8 | SMZ | Tradr 2X Short SMR Daily ETF | Tradr | -2x | SMR | −34.0% | +25.9% | −59.9 pts |
| 9 | BEZ | Tradr 2X Short BE Daily ETF | Tradr | -2x | BE | −71.2% | −11.9% | −59.2 pts |
| 10 | RGTZ | Defiance Daily Target 2X Short RGTI ETF | Defiance | -2x | RGTI | −2.4% | +54.4% | −56.8 pts |
| 11 | MUZ | Defiance Daily Target 2X Short MU ETF | Defiance | -2x | MU | −52.0% | +1.3% | −53.3 pts |
| 12 | LITZ | Tradr 2X Short LITE Daily ETF | Tradr | -2x | LITE | −51.4% | −1.2% | −50.3 pts |
| 13 | IONZ | Defiance Daily Target 2X Short IONQ ETF | Defiance | -2x | IONQ | +26.7% | +72.9% | −46.2 pts |
| 14 | SMST | Defiance Daily Target 2X Short MSTR ETF | Defiance | -2x | MSTR | −53.5% | −11.3% | −42.2 pts |
| 15 | RKLZ | Defiance Daily Target 2X Short RKLB ETF | Defiance | -2x | RKLB | +36.5% | +77.0% | −40.6 pts |
Method
A fund that says two times returns two times the daily move, compounded. Over a quarter that is not two times the quarter’s move, and this is the difference, in percentage points. It is arithmetic on the fund and its underlying over the same days, not a judgment about either. The ranking is the published field sorted, nothing else: no scoring, no weighting and no view on any fund. Every fund ETFIQ covers in this category is eligible, including funds that have closed, because leaving them out would flatter the category.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
A ranking is not a recommendation and no order on this site is an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources
Cite this page. ETFIQ, Leveraged ETFs short of their stated multiple, ranked by the fund’s return minus what its stated multiple would have produced, data as of Sep 11, 2026. https://etfiq.com/rankings/leverage-furthest-from-the-label Free to use with attribution; the underlying files are at Open data.