FDRS vs. FDRX

Last updated Jun 23, 2026

FDRS (Founder-Led ETF) and FDRX (Founder-Led 2X Daily ETF) are both exchange-traded funds - FDRS is a Large Cap Blend Equities fund tracking the Founder Led Index, while FDRX is a Leveraged Equities fund tracking the Founder Led Index. Both are passively managed. With a 0.99 correlation, they move nearly in lockstep. FDRS charges 0.49%/yr vs 1.08%/yr for FDRX.

Performance

FDRS vs. FDRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Founder-Led ETF (FDRS) and Founder-Led 2X Daily ETF (FDRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FDRS

• 1D: -1.44%
• 1M: -1.06%
• YTD: -4.82%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDRX

• 1D: -2.88%
• 1M: -3.50%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FDRS vs. FDRX - Yearly Performance Comparison

	2026 (YTD)
FDRS Founder-Led ETF	-3.53%
FDRX Founder-Led 2X Daily ETF	-17.04%

Correlation

The correlation between FDRS and FDRX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 15, 2026	0.99

Return for Risk

FDRS vs. FDRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Founder-Led ETF (FDRS) and Founder-Led 2X Daily ETF (FDRX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

FDRS vs. FDRX - Drawdown Comparison

The maximum FDRS drawdown since its inception was -21.77%, smaller than the maximum FDRX drawdown of -39.78%. Use the drawdown chart below to compare losses from any high point for FDRS and FDRX.

Drawdown Indicators

	FDRS	FDRX	Difference
Max Drawdown Largest peak-to-trough decline	-21.77%	-39.78%	+18.01%
Current Drawdown Current decline from peak	-9.36%	-18.63%	+9.27%
Average Drawdown Average peak-to-trough decline	-9.34%	-19.98%	+10.64%

Volatility

Volatility by Period

	FDRS	FDRX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	29.07%	58.76%	-29.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.07%	58.76%	-29.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.07%	58.76%	-29.69%

FDRS vs. FDRX - Expense Ratio Comparison

FDRS has a 0.49% expense ratio, which is lower than FDRX's 1.08% expense ratio.

Dividends

FDRS vs. FDRX - Dividend Comparison

Neither FDRS nor FDRX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FDRS and FDRX in my portfolio?

With a correlation of 0.99, FDRS and FDRX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, FDRS or FDRX?

On fees, FDRS is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FDRS or FDRX?

FDRS is cheaper with a 0.49% expense ratio, compared with 1.08% for FDRX.

Which ETF pays a higher dividend yield, FDRS or FDRX?

FDRS and FDRX have nearly identical dividend yields, around 0.00%.

What is the main difference between FDRS and FDRX?

FDRS is categorized as Large Cap Blend Equities, while FDRX is Leveraged Equities. Both ETFs track Founder Led Index. Their fees differ too: 0.49% for FDRS and 1.08% for FDRX.