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- Upturn Summary
- Fund Details
Upturn AI Summary
Founder-Led 2X Daily ETF(FDRX)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for FDRX
10/28/2026: FDRX (2-star) is currently NOT-A-BUY. Pass it for now.
FDRX is a leveraged ETF providing 200% of the daily performance of an index of founder-led companies. Its main strengths are its targeted thematic exposure and the ability to amplify returns during favorable trends. However, investors must recognize that the 2x daily objective makes it inherently volatile and susceptible to 'volatility decay' over long holding periods. It is best suited for active, short-term traders rather than long-term investors. Users should closely monitor the cost of leverage, tracking error, and the performance of founder-led firms versus the broader market.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The fund provides growth exposure but is designed for short-term tactical use rather than long-term compounding. |
| Momentum investor | Strong fit while signal remains positive | The 2x leverage enhances upside participation during strong momentum phases in founder-led stocks. |
| Value investor | Weak fit | The inherent volatility and cost of leverage are contrary to the traditional long-term holding philosophy of value investors. |
| Dividend/Income investor | Weak fit | Leveraged daily products do not provide the stability or consistent yield sought by income-focused investors. |
| Low-risk investor | Weak fit | The 2x daily leverage introduces significant volatility and potential for rapid capital loss. |
Investor Profile
Ideal Investor Profile
Sophisticated, active traders with high risk tolerance who monitor their positions daily.
Suitability
Best suited for short-term tactical trades, not for long-term passive index following.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Daily leverage amplifies daily price swings, increasing the potential for significant losses. |
| Market risk | High | The fund is subject to the performance of the underlying equity index, which can be highly cyclical. |
| Concentration | Medium / high | The fund focuses specifically on companies with founder leadership, which may behave differently than the broader market. |
| Tracking/expense | High | Compounding effects and leverage costs can lead to performance that differs significantly from 2x the index return over time. |
| Liquidity | Medium | Lower assets and volume can increase transaction costs for retail investors. |
| Business/sector quality | Medium | Success depends on the continued operational excellence of founder-led organizations. |
Risk Analysis
Volatility
FDRX experiences high volatility due to the 2x daily leverage target, making it unsuitable for buy-and-hold investors.
Market Risk
The underlying holdings are subject to equity market risks, exacerbated by the leverage that compounds both gains and losses.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Derivatives | Solactive Founder-Led Companies Index — seeks 2x daily return | 98 | The fund uses swap agreements to provide double the daily performance of companies managed by their founders. |
| Cash/collateral | Cash and Cash Equivalents | 2 | Cash is held to maintain the collateral requirements for the fund's derivative positions. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type ETF | Historic Profit -6.11% | Avg. Invested days 43 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/28/2026 |
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