{
 "ticker": "RDWU",
 "name": "T-REX 2X LONG RDW DAILY TARGET ETF",
 "issuer": "T-REX",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/RDWU",
 "html": "https://etfiq.com/funds/RDWU",
 "markdown": "https://etfiq.com/funds/RDWU.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: RDWU returned \u221261.9% where its own daily promise gave \u221259.0%, 3.0 points short.",
 "key_facts": [
  {
   "key": "what_rdw_did",
   "label": "What RDW did",
   "value": "\u221229.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "RDWU, what RDW did: \u221229.8%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "\u221259.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "RDWU, what +2 times a day gives: \u221259.0%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221261.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "RDWU, what the fund returned: \u221261.9%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22123.0 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "RDWU, the fund itself cost: \u22123.0 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$48m",
   "source": "source, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "RDWU, net assets: $48m (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": "RDWU, 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 RDW, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+2.08 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "RDW",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$48m",
   "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": "Jan 30, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "86% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221240.8%",
   "RDW": "\u221221.3%",
   "+2x the move": "\u221242.6%",
   "Difference": "+1.8 pts",
   "RDW moved about": "48%"
  },
  {
   "window": "3 months",
   "Fund": "\u221261.9%",
   "RDW": "\u221229.8%",
   "+2x the move": "\u221259.5%",
   "Difference": "\u22122.4 pts",
   "RDW moved about": "86%"
  },
  {
   "window": "6 months",
   "Fund": "\u221245.4%",
   "RDW": "+10.7%",
   "+2x the move": "+21.5%",
   "Difference": "\u221266.8 pts",
   "RDW moved about": "118%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221270.8%",
   "RDW": "\u22129.6%",
   "+2x the move": "\u221219.2%",
   "Difference": "\u221251.5 pts",
   "RDW moved about": "116%"
  }
 ],
 "questions": [
  {
   "q": "Did RDWU return +2 times RDW?",
   "a": "Over the window to Sep 11, 2026, RDW moved \u221229.8% and RDWU returned \u221261.9%. 2 times that move is \u221259.5%, so the fund came out 2.4 points short of it."
  },
  {
   "q": "Why does RDWU not return +2 times over a year?",
   "a": "Because it resets daily. RDWU 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)."
}