{
 "ticker": "CCUP",
 "name": "T-REX 2X LONG CRCL DAILY TARGET ETF",
 "issuer": "T-REX",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/CCUP",
 "html": "https://etfiq.com/funds/CCUP",
 "markdown": "https://etfiq.com/funds/CCUP.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: CCUP returned +7.2% where its own daily promise gave +10.8%, 3.6 points short.",
 "key_facts": [
  {
   "key": "what_crcl_did",
   "label": "What CRCL did",
   "value": "+16.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CCUP, what CRCL did: +16.4%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "+10.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CCUP, what +2 times a day gives: +10.8%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+7.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CCUP, what the fund returned: +7.2%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22123.6 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CCUP, the fund itself cost: \u22123.6 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$25m",
   "source": "source, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "CCUP, net assets: $25m (source, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.50%",
   "source": "485BPOS XBRL, Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "CCUP, expense ratio: 1.50% (485BPOS XBRL, Apr 30, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of CRCL, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+0.44 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "CRCL",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$25m",
   "source": "source, as filed for Jun 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.50%",
   "source": "485BPOS XBRL, Apr 30, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Aug 11, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "89% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+47.9%",
   "CRCL": "+27.1%",
   "+2x the move": "+54.2%",
   "Difference": "\u22126.3 pts",
   "CRCL moved about": "97%"
  },
  {
   "window": "3 months",
   "Fund": "+7.2%",
   "CRCL": "+16.4%",
   "+2x the move": "+32.8%",
   "Difference": "\u221225.6 pts",
   "CRCL moved about": "89%"
  },
  {
   "window": "6 months",
   "Fund": "\u221264.3%",
   "CRCL": "\u221221.5%",
   "+2x the move": "\u221243.0%",
   "Difference": "\u221221.3 pts",
   "CRCL moved about": "97%"
  },
  {
   "window": "1 year",
   "Fund": "\u221283.6%",
   "CRCL": "\u221232.2%",
   "+2x the move": "\u221264.5%",
   "Difference": "\u221219.1 pts",
   "CRCL moved about": "97%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221289.7%",
   "CRCL": "\u221243.8%",
   "+2x the move": "\u221287.6%",
   "Difference": "\u22122.1 pts",
   "CRCL moved about": "97%"
  }
 ],
 "questions": [
  {
   "q": "Did CCUP return +2 times CRCL?",
   "a": "Over the window to Sep 11, 2026, CRCL moved +16.4% and CCUP returned +7.2%. 2 times that move is +32.8%, so the fund came out 25.6 points short of it."
  },
  {
   "q": "Why does CCUP not return +2 times over a year?",
   "a": "Because it resets daily. CCUP 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."
  },
  {
   "q": "Which +2x CRCL ETF tracked its stated multiple most closely?",
   "a": "4 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}