{
 "ticker": "OCNL",
 "name": "T-REX 2X LONG DOCN DAILY TARGET ETF",
 "issuer": "T-REX",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/OCNL",
 "html": "https://etfiq.com/funds/OCNL",
 "markdown": "https://etfiq.com/funds/OCNL.md",
 "as_of": "2026-09-11",
 "verdict": "One month to Sep 11, 2026: OCNL returned \u221221.4% where its own daily promise gave \u221219.3%, 2.1 points short.",
 "key_facts": [
  {
   "key": "what_docn_did",
   "label": "What DOCN did",
   "value": "\u22127.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "OCNL, what DOCN did: \u22127.8%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "\u221219.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "OCNL, what +2 times a day gives: \u221219.3%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221221.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "OCNL, what the fund returned: \u221221.4%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.1 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "OCNL, the fund itself cost: \u22122.1 pts, as of Sep 11, 2026."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.50%",
   "source": "485BPOS XBRL, Jul 22, 2026",
   "as_of": "2026-09-11",
   "sentence": "OCNL, expense ratio: 1.50% (485BPOS XBRL, Jul 22, 2026)."
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "DOCN",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "OCNL, underlying: DOCN, as of Sep 11, 2026."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of DOCN, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+2.74 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "DOCN",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.50%",
   "source": "485BPOS XBRL, Jul 22, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Aug 6, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "79% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221221.4%",
   "DOCN": "\u22127.8%",
   "+2x the move": "\u221215.6%",
   "Difference": "\u22125.8 pts",
   "DOCN moved about": "79%"
  },
  {
   "window": "Since launch",
   "Fund": "\u22129.2%",
   "DOCN": "+0.6%",
   "+2x the move": "+1.2%",
   "Difference": "\u221210.4 pts",
   "DOCN moved about": "84%"
  }
 ],
 "questions": [
  {
   "q": "Did OCNL return +2 times DOCN?",
   "a": "Over the window to Sep 11, 2026, DOCN moved \u22127.8% and OCNL returned \u221221.4%. 2 times that move is \u221215.6%, so the fund came out 5.8 points short of it."
  },
  {
   "q": "Why does OCNL not return +2 times over a year?",
   "a": "Because it resets daily. OCNL 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."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}