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Launched · SEC filings

Tradr 2X Long USAR Daily ETF

USAXCboeTradrDThis 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.

$2.44−0.48 (−16.58%)

As of Nov 2, 2026, 3:59 PM ET

D26/ 100

Rank 345 of 380 in Single-Stock Long Leveraged

D26/100Rank 345 of 380inSingle-Stock Long Leveraged
Intraday session: down, 78 prints from 2.92 to 2.44. Range 2.44 to 3.04. Use the arrow keys to read each point.2.602.702.803.0010 AM12 PM2 PM4 PM
Expense ratio
1.49%
Fund size
$6M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
149K sh
52W range
low $2.56high $73.35
Launched
Filings
SEC EDGAR

The ETF.net USAX Grade

Based on 5 of 6 pillars

D

Score 26 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
345 of 380
Six-pillar profile for USAX. Scores out of 100: Cost 11, Risk 29, Mission 92, Tradability 47, Holdings not scored, Durability 51. Strongest: Mission (92). Weakest: Cost (11). Based on 5 of 6 pillars.

Score 26 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.
    F11 out of 100
    Rank 311 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A92 out of 100
    Rank 64 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D29 out of 100
    Rank 298 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C47 out of 100
    Rank 206 of 380

  • 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.
    C51 out of 100
    Rank 182 of 380

Our read on USAX

ETF.net Research

In short

DTwo times the daily move of USA Rare Earth (USAR) in a single ticker. It resets every day, so it is built for one trading session, not for holding the rare earth story long term.

Stated mandate

The Fund seeks daily results equal to twice the daily performance of USA Rare Earth, Inc. common shares, before fees and expenses. It is intended for a holding period of one trading day.

Why people hold it

  • One ticker gets you 2x daily exposure to a single stock, no margin account or options approval involved.tradretfs.com
  • It has tracked its stated two-times daily target closely, which is the whole job of a daily leveraged fund.
  • Rare exposure: no other fund in its leveraged single-stock peer set is built on USA Rare Earth shares.

Worth knowing

  • At 1.49% a year, it costs more than established 2x single-stock funds like GGLL (0.96%) or AMDG (0.75%).
  • Daily reset math: hold past one session and compounding can push results well away from 2x the stock's move over that stretch.
  • A small, young fund (launched 2026) with moderate trading, so spreads can be wider than the giants of the category.

USAX Holdings

Asset class
Other
Holdings
1
Top-10 weight
149%
Largest holding
Cashusd149.3%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataCashusd149.28%8,710,157$8.71M53

Showing 1–1 of 1 holdings

USAX Performance

Launched Jan 12, 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.
USAX$3,429
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. USAX $3,429. SPY $10,141. Use the arrow keys to read each point.$5,000$10,000$15,000Jul 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 USAX. Periods over one year show the average yearly return.
PeriodUSAX
Year to dateFund launched this yearNo data
1 month−56.6%
3 months−65.7%
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 USAX
YearReturn barUSAX
2026 YTD−86.6%

History from Jan 13, 2026

USAX in the news

USAX 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.

USAX Risk

Risk pillarD29 out of 100Rank 298 of 368 in Single-Stock Long Leveraged

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.

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

USAX Cost

Compare USAX and GOGL

Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged

$21,986

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

  • USAX 1.49%

    $26,141

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • USAX 1.49%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530USAX $26,141GOGL $4,155

Year by year

YearUSAXGOGLOverpaying
10$2,574$365$2,209
20$9,464$1,421$8,043
30$26,141$4,155$21,986

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