FDRX vs. FDRS

Last updated Jun 23, 2026

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

Performance

FDRX vs. FDRS - Performance Comparison

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

Returns By Period

FDRX

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

FDRS

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

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

FDRX vs. FDRS - Yearly Performance Comparison

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

Correlation

The correlation between FDRX and FDRS 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

FDRX vs. FDRS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Founder-Led 2X Daily ETF (FDRX) and Founder-Led ETF (FDRS). 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

FDRX vs. FDRS - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

Volatility by Period

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

FDRX vs. FDRS - Expense Ratio Comparison

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

Dividends

FDRX vs. FDRS - Dividend Comparison

Neither FDRX nor FDRS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FDRX and FDRS in my portfolio?

With a correlation of 0.99, FDRX and FDRS 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, FDRX or FDRS?

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, FDRX or FDRS?

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

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

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

What is the main difference between FDRX and FDRS?

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