As of Oct 27, 2026. Rebuilt every trading night.
The inverse ETFs furthest below their multiple
See 15 funds ranked by the fund’s return minus its multiple of the underlying’s move, three months. Updated Oct 27, 2026. An inverse fund held through a rising market loses on the trade and again on the reset. Both are in the difference column.
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All 15, lowest first
15 of 15 · click a column to sortPoints (pts) are percentage points.
| # | Ticker | Fund | Issuer | Says | Underlying asset | Underlying did | Fund returned | Multiple of that move | Difference ↑ |
|---|---|---|---|---|---|---|---|---|---|
| 1 | AAOZ | Tradr 2X Short AAOI Daily ETF | Tradr | −2x | AAOI | −12.7% | −56.1% | +25.4% | −81.5 pts |
| 2 | SMZ | Tradr 2X Short SMR Daily ETF | Tradr | −2x | SMR | −30.7% | −17.8% | +61.4% | −79.2 pts |
| 3 | IREZ | Tradr 2X Short IREN Daily ETF | Tradr | −2x | IREN | −19.1% | −40.2% | +38.2% | −78.4 pts |
| 4 | NBIZ | Tradr 2X Short NBIS Daily ETF | Tradr | −2x | NBIS | +0.5% | −75.9% | −1.0% | −74.9 pts |
| 5 | CORD | T-REX 2X INVERSE CRWV DAILY TARGET ETF | T-REX | −2x | CRWV | −11.5% | −48.4% | +23.0% | −71.4 pts |
| 6 | CBRZ | Tradr 2X Short CBRS Daily ETF | Tradr | −2x | CBRS | −38.1% | +15.6% | +76.2% | −60.6 pts |
| 7 | APLZ | Tradr 2X Short APLD Daily ETF | Tradr | −2x | APLD | −26.7% | −3.5% | +53.4% | −56.9 pts |
| 8 | QBTZ | Defiance Daily Target 2X Short QBTS ETF | Defiance | −2x | QBTS | −31.2% | +12.0% | +62.4% | −50.4 pts |
| 9 | ASTN | Defiance Daily Target 2X Short ASTS ETF | Defiance | −2x | ASTS | −25.8% | +1.6% | +51.6% | −50.0 pts |
| 10 | RGTZ | Defiance Daily Target 2X Short RGTI ETF | Defiance | −2x | RGTI | −14.3% | −20.7% | +28.6% | −49.3 pts |
| 11 | RKLZ | Defiance Daily Target 2X Short RKLB ETF | Defiance | −2x | RKLB | −8.7% | −27.2% | +17.4% | −44.6 pts |
| 12 | IONZ | Defiance Daily Target 2X Short IONQ ETF | Defiance | −2x | IONQ | −2.7% | −38.6% | +5.4% | −44.0 pts |
| 13 | CONI | GraniteShares 2x Short COIN Daily ETF | GraniteShares | −2x | COIN | −4.1% | −30.6% | +8.2% | −38.8 pts |
| 14 | SNDQ | Tradr 2X Short SNDK Daily ETF | Tradr | −2x | SNDK | +19.0% | −67.2% | −38.0% | −29.2 pts |
| 15 | RAMZ | T-REX 2X INVERSE DRAM DAILY TARGET ETF | T-REX | −2x | DRAM | +5.8% | −37.9% | −11.6% | −26.3 pts |
Inverse funds only, of the 146 ETFIQ measures.
The rest of the method
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 list sorts one published number, with no scoring or weighting. Every fund ETFIQ covers in this category is eligible, closed funds included.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
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ETFIQ, The inverse ETFs furthest below their multiple, ranked by the fund’s return minus its multiple of the underlying’s move, data as of Oct 27, 2026. https://etfiq.com/rankings/leverage-inverse-furthest-from-the-label
ETFIQ. (Oct 27, 2026). The inverse ETFs furthest below their multiple, ranked by the fund’s return minus its multiple of the underlying’s move. Retrieved from https://etfiq.com/rankings/leverage-inverse-furthest-from-the-label
[The inverse ETFs furthest below their multiple, ranked by the fund’s return minus its multiple of the underlying’s move (ETFIQ, Oct 27, 2026)](https://etfiq.com/rankings/leverage-inverse-furthest-from-the-label)
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