Ranked by the fund’s return minus what its stated multiple would have produced, three months, as of . Rebuilt every trading night.
The inverse ETFs furthest from their stated multiple
An inverse fund held through a rising market loses on the trade and again on the reset. Both are in the difference column.
| # | 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
Inverse funds only, of the 145 ETFIQ measures. A fund that says minus one times returns minus one times the daily move, compounded, which over a quarter is not minus one times the quarter. 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
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Cite this page. ETFIQ, The inverse ETFs furthest from 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-inverse-furthest-from-the-label Free to use with attribution; the underlying files are at Open data.