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Beacon

SPYQTradr 2X Long SPY Quarterly ETF

Take a bet1y track recordRanked #558 of 775 in this goal

Seeks 200% of the calendar quarter performance of the SPDR S&P 500 ETF Trust.

By AXS · Launched 2024

Annual Cost

0.95%

#4,684 of 5,562 · expensive

Fund Size

$86M

#3,078 of 5,562 · mid-size

Return (1Y)Goal

+40.6%

Track Record

1 year

#3,856 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$14,281+42.8%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Focus

Single Stock

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 4 holdings = 59.6% of fundmoderately concentrated

SPDR S&P 500 ETF TRUST
47.6%
CFD SPDR S&P 500 ETF TRUST
5.9%
CFD SPDR S&P 500 ETF TRUST
5.8%
CFD SPDR S&P 500 ETF TRUST
0.3%

Asset allocation

Cash
59.3%
Stocks
40.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
24.6%High

Year-on-year price swings

Max drawdown
-35.9%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks 200% of the calendar quarter performance of the SPDR S&P 500 ETF Trust.
Strategy
Invests primarily in financial instruments providing 2x leveraged exposure to the SPDR S&P 500 ETF Trust, including swaps, options, and futures. Actively managed to achieve quarterly performance, with rebalancing based on market conditions and performance triggers.
Inception date
September 30, 2024
Fund family
AXS

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged single stock
Critical

Leveraged single-stock ETF — documented structural drag

Single-stock leveraged ETFs magnify one stock's daily move. Research on these products (Bessembinder et al., 2024) finds 56% posted negative absolute returns over one year, with ~9.5% annual drag versus the underlying stock. Daily rebalancing plus financing costs work against the investor on any holding period longer than a few days.

Source: Bessembinder, Cooper, Zhang — 'Leveraged Single-Stock ETFs' (SSRN 2024)

Why we flagged this: strategy=leveraged + single_stock_wrapper

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19