{"url":"https://etfiq.com/rankings/leverage-inverse-furthest-from-the-label","section":"rankings","title":"The inverse ETFs furthest below their multiple | ETFIQ","description":"AAOZ leads the inverse ETFs furthest below their multiple at \u221281.5 pts (difference, three months), as of Oct 27, 2026. A ranking is not a recommendation.","as_of":"Oct 27, 2026","structured_data":[{"@type":"ItemList","name":"The inverse ETFs furthest below their multiple","numberOfItems":15,"itemListOrder":"https://schema.org/ItemListOrderDescending","itemListElement":[{"@type":"ListItem","position":1,"name":"AAOZ","url":"https://etfiq.com/funds/aaoz"},{"@type":"ListItem","position":2,"name":"SMZ","url":"https://etfiq.com/funds/smz"},{"@type":"ListItem","position":3,"name":"IREZ","url":"https://etfiq.com/funds/irez"},{"@type":"ListItem","position":4,"name":"NBIZ","url":"https://etfiq.com/funds/nbiz"},{"@type":"ListItem","position":5,"name":"CORD","url":"https://etfiq.com/funds/cord"},{"@type":"ListItem","position":6,"name":"CBRZ","url":"https://etfiq.com/funds/cbrz"},{"@type":"ListItem","position":7,"name":"APLZ","url":"https://etfiq.com/funds/aplz"},{"@type":"ListItem","position":8,"name":"QBTZ","url":"https://etfiq.com/funds/qbtz"},{"@type":"ListItem","position":9,"name":"ASTN","url":"https://etfiq.com/funds/astn"},{"@type":"ListItem","position":10,"name":"RGTZ","url":"https://etfiq.com/funds/rgtz"},{"@type":"ListItem","position":11,"name":"RKLZ","url":"https://etfiq.com/funds/rklz"},{"@type":"ListItem","position":12,"name":"IONZ","url":"https://etfiq.com/funds/ionz"},{"@type":"ListItem","position":13,"name":"CONI","url":"https://etfiq.com/funds/coni"},{"@type":"ListItem","position":14,"name":"SNDQ","url":"https://etfiq.com/funds/sndq"},{"@type":"ListItem","position":15,"name":"RAMZ","url":"https://etfiq.com/funds/ramz"}]},{"@type":"Dataset","name":"The inverse ETFs furthest below their multiple","description":"AAOZ leads the inverse ETFs furthest below their multiple at \u221281.5 pts (difference, three months), as of Oct 27, 2026. A ranking is not a recommendation.","url":"https://etfiq.com/rankings/leverage-inverse-furthest-from-the-label","dateModified":"2026-10-27","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creditText":"ETFIQ (etfiq.com)","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Rankings","item":"https://etfiq.com/rankings/"},{"@type":"ListItem","position":3,"name":"The inverse ETFs furthest below their mult...","item":"https://etfiq.com/rankings/leverage-inverse-furthest-from-the-label"}]},{"@type":"WebPage","name":"The inverse ETFs furthest below their multiple","description":"AAOZ leads the inverse ETFs furthest below their multiple at \u221281.5 pts (difference, three months), as of Oct 27, 2026. A ranking is not a recommendation.","url":"https://etfiq.com/rankings/leverage-inverse-furthest-from-the-label","dateModified":"2026-10-27","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":4018,"truncated":false,"content":"ETFIQ / Rankings / The inverse ETFs furthest below their mult... \n \n As of Oct 27, 2026 . Rebuilt every trading night.\n The inverse ETFs furthest below their multiple\n See 15 funds ranked by the fund\u2019s return minus its multiple of the underlying\u2019s 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.\n The inverse ETFs furthest below their multiple, ranked by the fund\u2019s return minus its multiple of the underlying\u2019s move, as of Oct 27, 2026. Source: ETFIQ. # Ticker Fund Issuer Says Underlying asset Underlying did Fund returned Multiple of that move Difference \n 1 AAOZ Tradr 2X Short AAOI Daily ETF Tradr -2x AAOI \u221212.7% \u221256.1% +25.4% \u221281.5 pts \n 2 SMZ Tradr 2X Short SMR Daily ETF Tradr -2x SMR \u221230.7% \u221217.8% +61.4% \u221279.2 pts \n 3 IREZ Tradr 2X Short IREN Daily ETF Tradr -2x IREN \u221219.1% \u221240.2% +38.2% \u221278.4 pts \n 4 NBIZ Tradr 2X Short NBIS Daily ETF Tradr -2x NBIS +0.5% \u221275.9% \u22121.0% \u221274.9 pts \n 5 CORD T-REX 2X INVERSE CRWV DAILY TARGET ETF T-REX -2x CRWV \u221211.5% \u221248.4% +23.0% \u221271.4 pts \n 6 CBRZ Tradr 2X Short CBRS Daily ETF Tradr -2x CBRS \u221238.1% +15.6% +76.2% \u221260.6 pts \n 7 APLZ Tradr 2X Short APLD Daily ETF Tradr -2x APLD \u221226.7% \u22123.5% +53.4% \u221256.9 pts \n 8 QBTZ Defiance Daily Target 2X Short QBTS ETF Defiance -2x QBTS \u221231.2% +12.0% +62.4% \u221250.4 pts \n 9 ASTN Defiance Daily Target 2X Short ASTS ETF Defiance -2x ASTS \u221225.8% +1.6% +51.6% \u221250.0 pts \n 10 RGTZ Defiance Daily Target 2X Short RGTI ETF Defiance -2x RGTI \u221214.3% \u221220.7% +28.6% \u221249.3 pts \n 11 RKLZ Defiance Daily Target 2X Short RKLB ETF Defiance -2x RKLB \u22128.7% \u221227.2% +17.4% \u221244.6 pts \n 12 IONZ Defiance Daily Target 2X Short IONQ ETF Defiance -2x IONQ \u22122.7% \u221238.6% +5.4% \u221244.0 pts \n 13 CONI GraniteShares 2x Short COIN Daily ETF GraniteShares -2x COIN \u22124.1% \u221230.6% +8.2% \u221238.8 pts \n 14 SNDQ Tradr 2X Short SNDK Daily ETF Tradr -2x SNDK +19.0% \u221267.2% \u221238.0% \u221229.2 pts \n 15 RAMZ T-REX 2X INVERSE DRAM DAILY TARGET ETF T-REX -2x DRAM +5.8% \u221237.9% \u221211.6% \u221226.3 pts \n \n Method\n Inverse funds only, of the 146 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 list sorts one published number, with no scoring or weighting. Every fund ETFIQ covers in this category is eligible, closed funds included.\n Where to next\n Leveraged ETFs furthest below their multiple Every leveraged ETF Sources\n The multiple each fund states in its own registered name, from the SEC investment company series and class file SEC EDGAR, full-text search of fund filings SEC Form N-PORT, what a fund filed it holds Rule 19a-1, what a distribution notice must say Links are sources, not endorsements.\n A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources \n Cite this page. ETFIQ, The inverse ETFs furthest below their multiple, ranked by the fund\u2019s return minus its multiple of the underlying\u2019s move, data as of Oct 27, 2026. https://etfiq.com/rankings/leverage-inverse-furthest-from-the-label Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, The inverse ETFs furthest below their multiple, ranked by the fund\u2019s return minus its multiple of the underlying\u2019s move, data as of Oct 27, 2026. https://etfiq.com/rankings/leverage-inverse-furthest-from-the-label APA ETFIQ. (Oct 27, 2026). The inverse ETFs furthest below their multiple, ranked by the fund\u2019s return minus its multiple of the underlying\u2019s move. Retrieved from https://etfiq.com/rankings/leverage-inverse-furthest-from-the-label Markdown [The inverse ETFs furthest below their multiple, ranked by the fund\u2019s return minus its multiple of the underlying\u2019s move (ETFIQ, Oct 27, 2026)](https://etfiq.com/rankings/leverage-inverse-furthest-from-the-label)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, The inverse ETFs furthest below their multiple, ranked by the fund\u2019s return minus its multiple of the underlying\u2019s move, data as of Oct 27, 2026. https://etfiq.com/rankings/leverage-inverse-furthest-from-the-label"}