# GMEU (T-REX 2X LONG GME DAILY TARGET ETF)

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

Three months to Sep 11, 2026: GMEU returned −16.5% where its own daily promise gave −8.9%, 7.6 points short.

## Key facts

- GMEU, what GME did: −2.9%, as of Sep 11, 2026.
- GMEU, what +2 times a day gives: −8.9%, as of Sep 11, 2026.
- GMEU, what the fund returned: −16.5%, as of Sep 11, 2026.
- GMEU, the fund itself cost: −7.6 pts, as of Sep 11, 2026.
- GMEU, net assets: $25m (source, as filed for Jun 30, 2026).
- GMEU, expense ratio: 1.50% (485BPOS XBRL, Apr 30, 2026).

## GMEU over each window to Sep 11, 2026

| Window | Fund | GME | +2x the move | Difference | GME moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +25.5% | +14.1% | +28.2% | −2.7 pts | 30% |
| 3 months | −16.5% | −2.9% | −5.7% | −10.8 pts | 36% |
| 6 months | −36.7% | −10.1% | −20.2% | −16.5 pts | 39% |
| 1 year | −54.7% | −14.9% | −29.8% | −24.9 pts | 38% |
| Since launch | −72.8% | −22.4% | −44.8% | −28.0 pts | 44% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of GME, reset daily | ETFIQ |
| Multiple a holder actually got over the window | GME moved −2.9% over this window, too little to read a multiple from | ETFIQ |
| Underlying | GME | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $25m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Apr 30, 2026 |
| Launched | Apr 29, 2025 | ETFIQ |
| Underlying volatility over the window | 36% annualized | ETFIQ |

## Questions

### Did GMEU return +2 times GME?

Over the window to Sep 11, 2026, GME moved −2.9% and GMEU returned −16.5%. 2 times that move is −5.7%, so the fund came out 10.8 points short of it.

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

Because it resets daily. GMEU 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.

### Which +2x GME ETF tracked its stated multiple most closely?

2 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.


## Cite this page

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

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