# KTUP (T-REX 2X LONG KTOS DAILY TARGET ETF)

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

Three months to Sep 11, 2026: KTUP returned −43.8% where its own daily promise gave −40.3%, 3.5 points short.

## Key facts

- KTUP, what KTOS did: −19.1%, as of Sep 11, 2026.
- KTUP, what +2 times a day gives: −40.3%, as of Sep 11, 2026.
- KTUP, what the fund returned: −43.8%, as of Sep 11, 2026.
- KTUP, the fund itself cost: −3.5 pts, as of Sep 11, 2026.
- KTUP, net assets: $10m (source, as filed for Jun 30, 2026).
- KTUP, expense ratio: 1.50% (485BPOS XBRL, Apr 30, 2026).

## KTUP over each window to Sep 11, 2026

| Window | Fund | KTOS | +2x the move | Difference | KTOS moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −48.4% | −26.8% | −53.7% | +5.3 pts | 40% |
| 3 months | −43.8% | −19.1% | −38.3% | −5.5 pts | 60% |
| 6 months | −80.2% | −46.7% | −93.3% | +13.2 pts | 69% |
| Since launch | −82.4% | −38.9% | −77.7% | −4.7 pts | 72% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of KTOS, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.29 times, against +2 stated | ETFIQ |
| Underlying | KTOS | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $10m | 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 | 60% annualized | ETFIQ |

## Questions

### Did KTUP return +2 times KTOS?

Over the window to Sep 11, 2026, KTOS moved −19.1% and KTUP returned −43.8%. 2 times that move is −38.3%, so the fund came out 5.5 points short of it.

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

Because it resets daily. KTUP 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, KTUP, data as of Sep 11, 2026. https://etfiq.com/funds/KTUP
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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