{
 "ticker": "SNOU",
 "name": "T-REX 2X LONG SNOW DAILY TARGET ETF",
 "issuer": "T-REX",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/SNOU",
 "html": "https://etfiq.com/funds/SNOU",
 "markdown": "https://etfiq.com/funds/SNOU.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: SNOU returned +84.8% where its own daily promise gave +88.5%, 3.7 points short.",
 "key_facts": [
  {
   "key": "what_snow_did",
   "label": "What SNOW did",
   "value": "+41.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "SNOU, what SNOW did: +41.3%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "+88.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "SNOU, what +2 times a day gives: +88.5%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+84.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "SNOU, what the fund returned: +84.8%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22123.7 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "SNOU, the fund itself cost: \u22123.7 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$25m",
   "source": "source, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "SNOU, net assets: $25m (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": "SNOU, 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 SNOW, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+2.05 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "SNOW",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$25m",
   "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": "Apr 24, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "51% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u22126.4%",
   "SNOW": "\u22121.0%",
   "+2x the move": "\u22122.0%",
   "Difference": "\u22124.5 pts",
   "SNOW moved about": "69%"
  },
  {
   "window": "3 months",
   "Fund": "+84.8%",
   "SNOW": "+41.3%",
   "+2x the move": "+82.7%",
   "Difference": "+2.1 pts",
   "SNOW moved about": "51%"
  },
  {
   "window": "6 months",
   "Fund": "+154.1%",
   "SNOW": "+84.1%",
   "+2x the move": "+168.3%",
   "Difference": "\u221214.2 pts",
   "SNOW moved about": "78%"
  },
  {
   "window": "1 year",
   "Fund": "+32.7%",
   "SNOW": "+46.5%",
   "+2x the move": "+93.0%",
   "Difference": "\u221260.3 pts",
   "SNOW moved about": "65%"
  },
  {
   "window": "Since launch",
   "Fund": "+133.9%",
   "SNOW": "+107.4%",
   "+2x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "SNOW moved about": "61%"
  }
 ],
 "questions": [
  {
   "q": "Did SNOU return +2 times SNOW?",
   "a": "Over the window to Sep 11, 2026, SNOW moved +41.3% and SNOU returned +84.8%. 2 times that move is +82.7%, so the fund came out 2.1 points ahead of it."
  },
  {
   "q": "Why does SNOU not return +2 times over a year?",
   "a": "Because it resets daily. SNOU 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)."
}