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XNDX

GradeDChicago Board Options Exchange

Tradr 2X Long XNDU Daily ETF

Leveraged · Leveraged & Inverse · Tradr · Inception 2026-05-06 · 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.

$1.81−0.14 (−7.42%)

At close: Sep 24, 2026, 4:00 PM EDT

Intraday session: down, 13 prints from 1.96 to 1.81. Range 1.62 to 1.81. Use the arrow keys to read each point.$1.60$1.65$1.70$1.7510 AM12 PM2 PM4 PM
Expense ratio
1.49%
Fund size
$1M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0.1M sh
NAV per share
$2.33
52W range
low $1.57high $40.99

The ETF.net XNDX Grade

D

27/ 100

Rank 90 of 99 in Leveraged Long (2x & Other)⁠

Confidence Medium

Six-pillar profile for XNDX. Scores out of 100: Cost 19, Risk 26, Mission not scored, Tradability 45, Holdings not scored, Durability 32. Strongest: Tradability (45). Weakest: Cost (19). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 27 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 earned28This cap took−0Published score27 Grade D

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 19
    Category rank81/99 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 26
    Category rank81/96 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 45
    Category rank56/99 · 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.
    DScore 32
    Category rank72/99 · mid-pack

Graded as of Sep 24, 2026 · Based on 4 of 6 pillars

XNDX Holdings

As of Sep 24, 2026, 2:06 PM
Asset class
Stocks
Holdings
—
Top-10 weight
113%
Largest holding
CASHUSD107.8%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—CASHUSD107.76%2,657,657$3M50
002—NET OTHER ASSETS4.74%116,991$117K136

Showing 1–2 of 2 holdings

XNDX Performance

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

XNDX$1,450
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,489
Jun 24, 2026 to Sep 24, 2026. XNDX $1,450. SPY $10,489. Use the arrow keys to read each point.$288$8,714$17,140Jun 2026Aug 2026Sep 2026

Jun 24, 2026 – Sep 24, 2026

Returns run to the Sep 24, 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 XNDX. Periods over one year show the average yearly return.
PeriodXNDX
Year to dateFund launched this year—
1 month−89.9%
3 months−85.5%
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 XNDX
YearReturn barXNDX
2026 YTD−94.6%

History from May 7, 2026

XNDX in the news

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

XNDX 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 24, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed May 2026. No distributions yet.

XNDX 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 May 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 May 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 May 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.

XNDX Cost

Expense ratio1.49%
  • The middle half of Leveraged Long (2x & Other) funds
  • Median 0.99%

78 of the 94 Leveraged Long (2x & Other) funds charge less.

XNDX costs $149.00 a year on $10,000. The median Leveraged Long (2x & Other) fund costs $99.50.