Skip to content
etf.net

Launched · SEC filings

Tradr 2X Short NBIS Daily ETF

NBIZCboeTradrDThis 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.

$44.28+6.39 (+16.86%)

At close: Nov 2, 2026, 4:00 PM ET

D32/ 100

Rank 48 of 58 in Single-Stock Inverse

D32/100Rank 48 of 58inSingle-Stock Inverse
Intraday session: up, 79 prints from 37.89 to 44.28. Range 37.80 to 44.35. Use the arrow keys to read each point.39.0040.0041.0042.0043.0010 AM12 PM2 PM4 PM
Expense ratio
1.49%
Fund size
$30M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
2.13M sh
52W range
low $17.01high $4800.00
Launched
Filings
SEC EDGAR

The ETF.net NBIZ Grade

Based on 4 of 6 pillars

D

Score 32 out of 100

Category
Single-Stock Inverse⁠
Rank
48 of 58
Six-pillar profile for NBIZ. Scores out of 100: Cost 25, Risk 21, Mission not scored, Tradability 50, Holdings not scored, Durability 52. Strongest: Durability (52). Weakest: Risk (21). Based on 4 of 6 pillars.

Score 32 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D25 out of 100
    Rank 35 of 58

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F21 out of 100
    Rank 49 of 54

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C50 out of 100
    Rank 25 of 58

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C52 out of 100
    Rank 24 of 58

Our read on NBIZ

ETF.net Research

In short

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

  • Puts 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.
  • A registered 1940 Act fund, so it trades intraday like a stock in an ordinary brokerage account with standard ETF disclosure.
  • Built 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

  • The 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.
  • The 1.49% expense ratio runs above several 2x inverse single-stock peers, including MSTZ (1.05%) and TSDD (1.13%).
  • Everything rides on one AI-infrastructure stock, and the fund launched in 2026, so there is little history behind it.

NBIZ Holdings

Asset class
Other
Holdings
3
Top-10 weight
100%
Largest holding
Cfd Nebius Group NV58.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataCfd Nebius Group NV58.72%82,922,545$18.9M1
2No dataNet Other Assets38.13%12,283,304$12.3M158
3No dataCashusd3.14%1,012,192$1.01M53

Showing 1–3 of 3 holdings

NBIZ Performance

Launched Jan 21, 2026

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

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
NBIZ$4,983
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. NBIZ $4,983. SPY $10,141. Use the arrow keys to read each point.$2,500$5,000$7,500$10,000Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 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 yearNo data
1 month+83.4%
3 months−50.2%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−96.4%

History from Jan 22, 2026

NBIZ in the news

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 Oct 30, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Jan 2026. No distributions yet.

NBIZ Risk

Risk pillarF21 out of 100Rank 49 of 54 in Single-Stock Inverse

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.
−1.73
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.

FMP measures it over up to five years of monthly returns.

NBIZ Cost

Compare NBIZ and SKHZ

Overpaying vs SKHZ, cheapest in Single-Stock Inverse

$11,659

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • NBIZ 1.49%

    $26,141

  • SKHZ 0.75% Cheapest

    $14,482

$10,000
30 years

Cost over time

  • NBIZ 1.49%
  • SKHZ 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530NBIZ $26,141SKHZ $14,482

Year by year

YearNBIZSKHZOverpaying
10$2,574$1,336$1,238
20$9,464$5,078$4,386
30$26,141$14,482$11,659

Other funds in Single-Stock Inverse

See others