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Launched · SEC filings

Tradr 2X Short NBIS Daily ETF

NBIZCboeDThis 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.

$25.35+0.75 (+3.05%)

At close: Oct 13, 2026, 4:00 PM

D33/ 100

Rank 47 of 58 in Single-Stock Inverse

D33/100Rank 47 of 58inSingle-Stock Inverse
Intraday session: up, 78 prints from 24.60 to 25.35. Range 25.19 to 27.39. Use the arrow keys to read each point.25.0026.0026.5027.0027.5010 AM12 PM2 PM4 PM
Expense ratio
1.49%
Fund size
$36M
1Y total return
—
Yield · Last 12 months
—
Holdings
2
Avg volume · 30D
2.1M sh
NAV per share
$24.64
52W range
low $17.01high $4800.00
Launched
Filings
SEC EDGAR

The ETF.net NBIZ Grade

Based on 4 of 6 pillars

D

Score 33 out of 100

Category
Single-Stock Inverse⁠
Rank
47 of 58
Six-pillar profile for NBIZ. Scores out of 100: Cost 31, Risk 21, Mission not scored, Tradability 44, Holdings not scored, Durability 53. Strongest: Durability (53). Weakest: Risk (21). Based on 4 of 6 pillars.

Score 33 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.
    D31 out of 100
    Rank 32 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 47 of 52

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C44 out of 100
    Rank 31 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.
    C53 out of 100
    Rank 24 of 58

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 Oct 13, 2026
Asset class
Other
Holdings
2
Top-10 weight
101%
Largest holding
Cfd Nebius Group NV52.8%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Cfd Nebius Group NV52.82%91,482,262$19M2
002—Cashusd47.73%17,337,192$17M51

Showing 1–2 of 2 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$2,231
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. NBIZ $2,231. SPY $10,332. Use the arrow keys to read each point.$499$8,531$16,563Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 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+2.5%
3 months−77.7%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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−97.6%

History from Jan 22, 2026

NBIZ in the news

Filtered to NBIZ · Single-Stock Inverse

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 12, 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.
−1.73
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.

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.

Other funds in Single-Stock Inverse

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