# AFRU (T-REX 2X LONG AFRM DAILY TARGET ETF)

T-REX · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: AFRU returned +3.2% where its own daily promise gave +8.6%, 5.3 points short.

## Key facts

- AFRU, what AFRM did: +8.0%, as of Sep 11, 2026.
- AFRU, what +2 times a day gives: +8.6%, as of Sep 11, 2026.
- AFRU, what the fund returned: +3.2%, as of Sep 11, 2026.
- AFRU, the fund itself cost: −5.3 pts, as of Sep 11, 2026.
- AFRU, net assets: $4m (source, as filed for Jun 30, 2026).
- AFRU, expense ratio: 1.50% (485BPOS XBRL, Apr 30, 2026).

## AFRU over each window to Sep 11, 2026

| Window | Fund | AFRM | +2x the move | Difference | AFRM moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −10.3% | −2.7% | −5.3% | −4.9 pts | 57% |
| 3 months | +3.2% | +8.0% | +15.9% | −12.7 pts | 54% |
| 6 months | +79.2% | +52.4% | +104.8% | −25.6 pts | 57% |
| Since launch | −64.0% | −20.6% | −41.2% | −22.9 pts | 60% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of AFRM, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +0.4 times, against +2 stated | ETFIQ |
| Underlying | AFRM | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $4m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Apr 30, 2026 |
| Launched | Sep 16, 2025 | ETFIQ |
| Underlying volatility over the window | 54% annualized | ETFIQ |

## Questions

### Did AFRU return +2 times AFRM?

Over the window to Sep 11, 2026, AFRM moved +8.0% and AFRU returned +3.2%. 2 times that move is +15.9%, so the fund came out 12.7 points short of it.

### Why does AFRU not return +2 times over a year?

Because it resets daily. AFRU aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, AFRU, data as of Sep 11, 2026. https://etfiq.com/funds/AFRU
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/AFRU  ·  JSON: https://etfiq.com/funds/AFRU.json