# SNOU (T-REX 2X LONG SNOW DAILY TARGET ETF)

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

Three months to Sep 11, 2026: SNOU returned +84.8% where its own daily promise gave +88.5%, 3.7 points short.

## Key facts

- SNOU, what SNOW did: +41.3%, as of Sep 11, 2026.
- SNOU, what +2 times a day gives: +88.5%, as of Sep 11, 2026.
- SNOU, what the fund returned: +84.8%, as of Sep 11, 2026.
- SNOU, the fund itself cost: −3.7 pts, as of Sep 11, 2026.
- SNOU, net assets: $25m (source, as filed for Jun 30, 2026).
- SNOU, expense ratio: 1.50% (485BPOS XBRL, Apr 30, 2026).

## SNOU over each window to Sep 11, 2026

| Window | Fund | SNOW | +2x the move | Difference | SNOW moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −6.4% | −1.0% | −2.0% | −4.5 pts | 69% |
| 3 months | +84.8% | +41.3% | +82.7% | +2.1 pts | 51% |
| 6 months | +154.1% | +84.1% | +168.3% | −14.2 pts | 78% |
| 1 year | +32.7% | +46.5% | +93.0% | −60.3 pts | 65% |
| Since launch | +133.9% | +107.4% | not meaningful over this window | not meaningful over this window | 61% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of SNOW, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.05 times, against +2 stated | ETFIQ |
| Underlying | SNOW | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $25m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Apr 30, 2026 |
| Launched | Apr 24, 2025 | ETFIQ |
| Underlying volatility over the window | 51% annualized | ETFIQ |

## Questions

### Did SNOU return +2 times SNOW?

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.

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

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.


## Cite this page

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

HTML: https://etfiq.com/funds/SNOU  ·  JSON: https://etfiq.com/funds/SNOU.json