Tradr 2X Long UPST Daily ETF (UPSX) Performance
UPSX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −81.8% since Dec 31, 2025
- 1 year
- −88.6% total return
- Since first price
- −92.8% since 2025
UPSX trailing returns vs SPY, QQQ, AGG
| Period | UPSX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −8.8% | −8.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −33.2% | −33.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −58.8% | −58.8% | +7.8% | +8.4% | −1.5% |
| YTD | −81.8% | −81.8% | +12.3% | +15.1% | −1.0% |
| 1 year | −88.6% | −88.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionJun 10, 2025 | −92.8% | −92.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: UPSX vs SPY
From Jun 10, 2025: UPSX grew to $716, SPY to $12,811.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
UPSX returns by calendar year
2026 is year to date.
UPSX annual returns table
| Year | UPSX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −81.8% | −87.3% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
UPSX largest drawdowns
Now 96.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 23, 2025 | −96.7% | Oct 14, 2026 | not yet | 1.2 years | 1.3 years so far |
| Jun 11, 2025 | −20.6% | Jun 13, 2025 | Jun 18, 2025 | 2 days | 7 days |
| Jul 10, 2025 | −12.4% | Jul 15, 2025 | Jul 22, 2025 | 5 days | 12 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
UPSX risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −89.9% |
| Volatility (annualized) | 111.1% |
| Sharpe ratio | -1.34 |
| Sortino ratio | -1.54 |
| Best month | +54.3% |
| Worst month | −56.2% |
| Best 12 months | −85.0% |
| Worst 12 months | −94.4% |
| Positive months | 33% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
UPSX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 5 | −94.4% | −88.9% | −85.0% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
UPSX performance overview
Tradr 2X Long UPST Daily ETF (UPSX) returned −88.6% over the past year, with distributions reinvested. Since its first recorded price on Jun 10, 2025 it has returned −92.8%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −96.7%, from Jul 23, 2025 to Oct 14, 2026; the fund has not yet regained that high. Volatility has been 111.1% a year.
Related: UPSX chart. See the UPSX overview for the latest quote and fund facts.
UPSX performance FAQ
What is the UPSX return over the past year?
UPSX returned −88.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 88.6%.
How much would $10,000 invested in UPSX be worth?
$10,000 invested in UPSX at its first recorded close on June 10, 2025 would be worth about $716 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of UPSX?
The largest peak-to-trough decline was −96.7% between July 23, 2025 and October 14, 2026. It has not yet recovered to that high; it is 96.4% below its peak.
How volatile is UPSX?
Over the past history UPSX had an annualized volatility of 111.1% and a Sharpe ratio of -1.34 (excess return over 1–3 month T-bills per unit of risk).