# RDWU (T-REX 2X LONG RDW DAILY TARGET ETF)

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

Three months to Sep 11, 2026: RDWU returned −61.9% where its own daily promise gave −59.0%, 3.0 points short.

## Key facts

- RDWU, what RDW did: −29.8%, as of Sep 11, 2026.
- RDWU, what +2 times a day gives: −59.0%, as of Sep 11, 2026.
- RDWU, what the fund returned: −61.9%, as of Sep 11, 2026.
- RDWU, the fund itself cost: −3.0 pts, as of Sep 11, 2026.
- RDWU, net assets: $48m (source, as filed for Jun 30, 2026).
- RDWU, expense ratio: 1.50% (485BPOS XBRL, Apr 30, 2026).

## RDWU over each window to Sep 11, 2026

| Window | Fund | RDW | +2x the move | Difference | RDW moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −40.8% | −21.3% | −42.6% | +1.8 pts | 48% |
| 3 months | −61.9% | −29.8% | −59.5% | −2.4 pts | 86% |
| 6 months | −45.4% | +10.7% | +21.5% | −66.8 pts | 118% |
| Since launch | −70.8% | −9.6% | −19.2% | −51.5 pts | 116% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of RDW, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.08 times, against +2 stated | ETFIQ |
| Underlying | RDW | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $48m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Apr 30, 2026 |
| Launched | Jan 30, 2026 | ETFIQ |
| Underlying volatility over the window | 86% annualized | ETFIQ |

## Questions

### Did RDWU return +2 times RDW?

Over the window to Sep 11, 2026, RDW moved −29.8% and RDWU returned −61.9%. 2 times that move is −59.5%, so the fund came out 2.4 points short of it.

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

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.


## Cite this page

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

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