Share-split context: A reverse split was recorded on Jun 3, 2025 with coefficient 0.2. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.

ETF Education Report: TRADR 2X LONG SPY QUARTERLY ETF (SPYQ)

What this ETF is trying to do

The SPYQ is an ETF listed on the NASDAQ. This specific fund is a leveraged ETF, which means it is designed to move differently than the standard market. It aims to provide a "2X" return, meaning it seeks to amplify the movements of its target index.

What the numbers show

The current price of SPYQ is $199.10. Because this ETF has a history of reverse splits, we use split-adjusted returns to look at how it has performed. A reverse split is when multiple old shares are combined into fewer new shares, which makes the price per share rise mechanically.

Here is how the fund has performed:

• Year-to-Date (YTD) Price Return: Approximately 22.96%.

• Year-to-Date (YTD) Total Return: Approximately 22.96%.

• One-Year Price Return: Approximately 26.11%.

• One-Year Total Return: Approximately 26.32%.

It is important to know the difference between these numbers. The price return only shows how much the share price changed. The total return includes both the price change and any distributions (cash payments) made to investors.

Income and distribution explanation

Some investors look for ETFs that pay out cash, known as distributions. The distribution yield for SPYQ is approximately 0.14%. This number describes the cash distributions relative to the ETF price. In the last 12 months, there was one distribution payment. The frequency of these payments is described as irregular or less frequent.

NAV erosion explanation

"NAV erosion" refers to a situation where the value of the underlying assets in the fund decreases over time. StockValueFinder uses an "erosion score" to measure this risk. For SPYQ, the erosion score is 100, and the label is "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.

Pros

• The fund has shown positive price returns both year-to-date and over the last year.

• The total return figures are higher than the price return figures, showing that distributions added to the overall value.

• There is currently no detected price erosion according to the erosion score.

Cons

• This is a leveraged ETF, which can lead to higher volatility.

• The distribution yield is relatively low at approximately 0.14%.

• The fund has a history of reverse splits.

Beginner takeaway

SPYQ is a leveraged ETF that has seen significant price growth over the last year. While it provides some distributions, they are not a major part of the total return. Because it is leveraged and has undergone a reverse split in the past, it behaves differently than a standard, non-leveraged fund. Always remember that price returns and total returns are different measurements of success.