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PATX

GradeDChicago Board Options Exchange

Tradr 2X Long PATH Daily ETF

Leveraged · Single-Stock Leveraged · Tradr · Inception 2026-01-12

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.

$9.53−0.42 (−4.27%)

As of Sep 23, 2026, 3:09 PM EDT

History starts Jan 13, 2026.History starts Jan 13, 2026.
Intraday session: down, 42 prints from 9.96 to 9.53. Range 9.05 to 10.03. Use the arrow keys to read each point.$9.20$10.0010 AM12 PM2 PM4 PM
Expense ratio
1.49%
Fund size
$3M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0.1M sh
NAV per share
$9.91
52W range
low $5.96high $24.88

The ETF.net PATX Grade

D

30/ 100

Rank 265 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for PATX. Scores out of 100: Cost 13, Risk 48, Mission 84, Tradability 40, Holdings not scored, Durability 49. Strongest: Mission (84). Weakest: Cost (13). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 30 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned30This cap took−0Published score30 Grade D

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 13
    Category rank334/380 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 84
    Category rank108/147 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 48
    Category rank142/285 · top 50%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 40
    Category rank225/380 · mid-pack

  • 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 49
    Category rank198/380 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on PATX

ETF.net Research

DA one-day trade wrapper on UiPath: PATX aims to deliver two times PATH's daily move, then resets the next morning. Most single-stock leveraged funds chase mega-caps; this one points at an automation software name instead.

Stated mandate

The Fund seeks daily investment results equal to two times the daily performance of UiPath, Inc. common shares and does not target that result for periods longer or shorter than one trading day.

Why people hold it

  1. 01One job, stated plainly: two times UiPath's daily performance, for a single trading day, and it has held close to that stated daily target.
  2. 02Leverage on a stock the shelf mostly skips. Peers pile into mega-caps (AAPU on Apple, GGLL on Alphabet); this one points at UiPath.
  3. 03Geared exposure inside a registered 1940 Act fund: no margin account, no options chain, and your downside is capped at what you put in.

Worth knowing

  1. 01The fee is 1.49% a year, above the roughly 1% median for 2x single-stock funds, and well above the 0.75% charged by peers like UNHG and ASMG.
  2. 02Daily reset is the whole mechanism. Hold past one session and your result depends on the path PATH takes, not on two times its move over that stretch.
  3. 03Young and small: launched in 2026, with a modest asset base and lighter trading than the shelf's biggest 2x names, so spreads and order size matter.

PATX Holdings

As of Sep 20, 2026, 6:39 AM
Asset class
Other
Holdings
—
Top-10 weight
157%
Largest holding
CASHUSD113.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—CASHUSD113.72%3,805,605$4M49
002—CFD UIPATH INC - CLASS A43.51%-4,736,838$1M1

Showing 1–2 of 2 holdings

PATX Performance

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

PATX$14,533
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. PATX $14,533. SPY $10,415. Use the arrow keys to read each point.$7,906$20,124$32,342Jun 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 PATX. Periods over one year show the average yearly return.
PeriodPATX
Year to dateFund launched this year—
1 month−39.0%
3 months+45.3%
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 PATX
YearReturn barPATX
2026 YTD−53.3%

History from Jan 13, 2026

PATX in the news

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

PATX 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.

PATX 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.
−0.09
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.

PATX Cost

Expense ratio1.49%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

267 of the 329 Single-Stock Long Leveraged funds charge less.

PATX costs $149.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.