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NBIZ

GradeDChicago Board Options Exchange

Tradr 2X Short NBIS Daily ETF

Leveraged · Single-Stock Leveraged · Tradr · Inception 2026-01-21 · SEC filings

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$21.93+0.69 (+3.23%)

As of Sep 23, 2026, 2:25 PM EDT

History starts Jan 22, 2026.History starts Jan 22, 2026.
Intraday session: up, 57 prints from 21.24 to 21.93. Range 21.48 to 22.38. Use the arrow keys to read each point.$21.60$22.4010 AM12 PM2 PM4 PM
Expense ratio
1.49%
Fund size
$33M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
7.1M sh
NAV per share
$21.22
52W range
low $4.33high $1200.00

The ETF.net NBIZ Grade

D

36/ 100

Rank 42 of 58 in Single-Stock Inverse⁠

Confidence Medium

Six-pillar profile for NBIZ. Scores out of 100: Cost 31, Risk 22, Mission not scored, Tradability 57, Holdings not scored, Durability 53. Strongest: Tradability (57). Weakest: Risk (22). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 36 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 31
    Category rank44/58 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 22
    Category rank43/48 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 57
    Category rank18/58 · top 31%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 53
    Category rank25/58 · top 43%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on NBIZ

ETF.net Research

DA one-ticker short on Nebius. NBIZ aims to deliver two times the inverse of NBIS's move over a single trading day, then resets. A trader's instrument in an ETF wrapper, not a position you set and forget.

Stated mandate

The Fund seeks daily investment results equal to two times the inverse of NBIS’s performance, before fees and expenses. The objective applies only to a single trading day.

Why people hold it

  1. 01Puts you on the short side of Nebius Group without a margin account or borrowing shares, and the most you can lose is what you put in.
  2. 02A registered 1940 Act fund, so it trades intraday like a stock in an ordinary brokerage account with standard ETF disclosure.
  3. 03Built for short holding periods, and it changes hands regularly through the session, which is what counts when the trade is measured in hours.

Worth knowing

  1. 01The 2x inverse target applies to one trading day. Hold longer and compounding takes over, so multi-day results can land far from twice the inverse of NBIS's move.
  2. 02The 1.49% expense ratio runs above several 2x inverse single-stock peers, including MSTZ (1.05%) and TSDD (1.13%).
  3. 03Everything rides on one AI-infrastructure stock, and the fund launched in 2026, so there is little history behind it.

NBIZ Holdings

As of Sep 20, 2026, 6:39 AM
Asset class
Other
Holdings
—
Top-10 weight
105%
Largest holding
CASHUSD57.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—CASHUSD57.72%17,704,614$18M49
002—CFD NEBIUS GROUP NV47.43%75,626,619$15M2

Showing 1–2 of 2 holdings

NBIZ Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

NBIZ$2,623
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. NBIZ $2,623. SPY $10,415. Use the arrow keys to read each point.$679$11,615$22,550Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for NBIZ. Periods over one year show the average yearly return.
PeriodNBIZ
Year to dateFund launched this year—
1 month−21.5%
3 months−73.8%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for NBIZ
YearReturn barNBIZ
2026 YTD−98.0%

History from Jan 22, 2026

NBIZ in the news

ETF.net Research hasn’t filed on NBIZ yet — coverage lands here as it’s written.

NBIZ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Jan 2026. No distributions yet.

NBIZ Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Jan 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Jan 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Jan 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−1.59
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

NBIZ Cost

Expense ratio1.49%
  • The middle half of Single-Stock Inverse funds
  • Median 1.35%

27 of the 43 Single-Stock Inverse funds charge less.

NBIZ costs $149.00 a year on $10,000. The median Single-Stock Inverse fund costs $135.00.