# SNDU (T-REX 2X LONG SNDK DAILY TARGET ETF)

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

Three months to Sep 11, 2026: SNDU returned −58.9% where its own daily promise gave −55.7%, 3.2 points short.

## Key facts

- SNDU, what SNDK did: −17.5%, as of Sep 11, 2026.
- SNDU, what +2 times a day gives: −55.7%, as of Sep 11, 2026.
- SNDU, what the fund returned: −58.9%, as of Sep 11, 2026.
- SNDU, the fund itself cost: −3.2 pts, as of Sep 11, 2026.
- SNDU, net assets: $413m (source, as filed for Jun 30, 2026).
- SNDU, expense ratio: 1.50% (485BPOS XBRL, Mar 11, 2026).

## SNDU over each window to Sep 11, 2026

| Window | Fund | SNDK | +2x the move | Difference | SNDK moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +35.8% | +21.5% | +43.0% | −7.2 pts | 88% |
| 3 months | −58.9% | −17.5% | −35.0% | −23.9 pts | 134% |
| 6 months | +180.8% | +146.9% | not meaningful over this window | not meaningful over this window | 117% |
| Since launch | +214.7% | +163.9% | not meaningful over this window | not meaningful over this window | 117% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of SNDK, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +3.36 times, against +2 stated | ETFIQ |
| Underlying | SNDK | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $413m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Mar 11, 2026 |
| Launched | Mar 12, 2026 | ETFIQ |
| Underlying volatility over the window | 134% annualized | ETFIQ |

## Questions

### Did SNDU return +2 times SNDK?

Over the window to Sep 11, 2026, SNDK moved −17.5% and SNDU returned −58.9%. 2 times that move is −35.0%, so the fund came out 23.9 points short of it.

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

Because it resets daily. SNDU 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 SNDK ETF tracked its stated multiple most closely?

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

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