# AAPX (T-REX 2X LONG APPLE DAILY TARGET ETF)

T-REX · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: AAPX returned +22.8% where its own daily promise gave +25.6%, 2.8 points short.

## Key facts

- AAPX, what AAPL did: +13.2%, as of Sep 30, 2026.
- AAPX, what 2 times a day gives: +25.6%, as of Sep 30, 2026.
- AAPX, what the fund returned: +22.8%, as of Sep 30, 2026.
- AAPX, the fund itself cost: −2.8 pts, as of Sep 30, 2026.
- AAPX, net assets: $9m (issuer page, as of Sep 29, 2026).
- AAPX, expense ratio: 1.05% (485BPOS XBRL, Apr 30, 2026).

## AAPX over each window to Sep 30, 2026

| Window | Fund | AAPL | +2x the move | Difference | AAPL moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +9.2% | +5.1% | +10.2% | −1.0 pts | 23% |
| 3 months | +22.8% | +13.2% | +26.4% | −3.6 pts | 28% |
| 6 months | +54.9% | +30.5% | +61.0% | −6.1 pts | 28% |
| 1 year | +43.6% | +31.3% | +62.5% | −18.9 pts | 25% |
| Since launch | +94.7% | +81.6% | +163.2% | −68.6 pts | 28% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of AAPL, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.72 times, against +2 stated | ETFIQ |
| Underlying | AAPL | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $9m | issuer page, as of Sep 29, 2026 |
| Expense ratio | 1.05% | 485BPOS XBRL, Apr 30, 2026 |
| Launched | Jan 11, 2024 | ETFIQ |
| Underlying volatility over the window | 28% annualized | ETFIQ |

## Questions

### Did AAPX return +2 times AAPL?

Over the window to Sep 30, 2026, AAPL moved +13.2% and AAPX returned +22.8%. 2 times that move is +26.4%, so the fund came out 3.6 points short of it.

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

Because it resets daily. AAPX 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 AAPL ETF tracked its stated multiple most closely?

5 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 figure itself.


## Cite this page

ETFIQ, AAPX, data as of Sep 30, 2026. https://etfiq.com/funds/aapx
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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