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SNXX

GradeDChicago Board Options Exchange

Tradr 2X Long SNDK Daily ETF

Leveraged · Single-Stock Leveraged · Tradr · Inception 2026-01-26 · 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.

$18.59−1.22 (−6.14%)

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

History starts Jan 27, 2026.History starts Jan 27, 2026.
Intraday session: down, 60 prints from 19.80 to 18.59. Range 18.29 to 19.97. Use the arrow keys to read each point.$19.00$19.50$20.0010 AM12 PM2 PM4 PM
Expense ratio
1.49%
Fund size
$2.2B
1Y return
—
Yield · Last 12 months
—
Volume · 30D
73.8M sh
NAV per share
$19.84
52W range
low $3.14high $49.34

The ETF.net SNXX Grade

D

39/ 100

Rank 215 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for SNXX. Scores out of 100: Cost 13, Risk 48, Mission 85, Tradability 72, Holdings not scored, Durability 70. Strongest: Mission (85). Weakest: Cost (13). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 39 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.
    FScore 13
    Category rank348/380 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 85
    Category rank103/147 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 48
    Category rank135/285 · top 47%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 72
    Category rank77/380 · top 20%

  • 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.
    AScore 70
    Category rank67/380 · top 18%

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

Our read on SNXX

ETF.net Research

DTradr planted a 2x flag on Sandisk, the flash-memory maker spun out of Western Digital in 2025. It aims for two times SNDK's move over a single trading day, then resets overnight and starts fresh.

Stated mandate

SNXX seeks daily investment results equal to two times the daily performance of Sandisk Corp. common shares before fees and expenses; it does not target performance over a period longer than one trading day.

Why people hold it

  1. 01The mandate is blunt: two times Sandisk's daily move before fees, with no claim on any stretch longer than one trading day.
  2. 02Day to day, it has tracked its stated 2x target closely, which is the entire job of a daily-reset fund.
  3. 03Tradr launched the first single-stock leveraged ETFs in 2022 and specializes in leverage on names bigger issuers skip. Sandisk fits that mold.prnewswire.com
  4. 04A multi-billion-dollar fund that trades heavily, so shares generally change hands without much friction.

Worth knowing

  1. 01At 1.49% a year it costs more than the typical single-stock leveraged fund, and 2x wrappers on mega-caps run cheaper (GGLL 0.96%, AMDG 0.75%).
  2. 02Daily reset is math, not malice: over choppy multi-day stretches, returns can drift well away from 2x the stock's move for that period.
  3. 03Launched in 2026, so the track record is thin, and all the risk rides on one NAND flash maker's news cycle.sandisk.com

SNXX Holdings

As of Sep 20, 2026, 6:39 AM
Asset class
Other
Holdings
—
Top-10 weight
121%
Largest holding
CFD SANDISK CORP86.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—CFD SANDISK CORP86.03%-1,952,926,882$1.7B2
002—CASHUSD25.88%525,504,606$526M49
003—C/O SANDISK CORPOR OCT 900.0009.02%2,050$183M1

Showing 1–3 of 3 holdings

SNXX Performance

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

SNXX$4,278
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. SNXX $4,278. SPY $10,415. Use the arrow keys to read each point.$774$5,970$11,167Jun 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 SNXX. Periods over one year show the average yearly return.
PeriodSNXX
Year to dateFund launched this year—
1 month+31.9%
3 months−57.2%
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 SNXX
YearReturn barSNXX
2026 YTD+507.4%

History from Jan 27, 2026

SNXX in the news

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

SNXX 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.

SNXX 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.
0.00
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.

SNXX 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.

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