# AFRU (T-REX 2X LONG AFRM DAILY TARGET ETF)

T-REX · Leveraged ETFs · data as of Oct 2, 2026

Three months to Oct 2, 2026: AFRU returned −38.0% where its own daily promise gave −34.2%, 3.8 points short.

## Key facts

- AFRU, what AFRM did: −16.3%, as of Oct 2, 2026.
- AFRU, what 2 times a day gives: −34.2%, as of Oct 2, 2026.
- AFRU, what the fund returned: −38.0%, as of Oct 2, 2026.
- AFRU, the fund itself cost: −3.8 pts, as of Oct 2, 2026.
- AFRU, net assets: $2m (issuer page, as of Oct 1, 2026).
- AFRU, expense ratio: 1.50% (485BPOS XBRL, Apr 30, 2026).

## AFRU over each window to Oct 2, 2026

| Window | Fund | AFRM | +2x the move | Difference | AFRM moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −11.9% | −4.5% | −9.0% | −3.0 pts | 47% |
| 3 months | −38.0% | −16.3% | −32.7% | −5.3 pts | 49% |
| 6 months | +82.9% | +52.8% | +105.6% | −22.8 pts | 56% |
| 1 year | −52.5% | −8.6% | −17.2% | −35.3 pts | 59% |
| Since launch | −65.4% | −21.3% | −42.7% | −22.8 pts | 59% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of AFRM, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.33 times, against +2 stated | ETFIQ |
| Underlying | AFRM | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $2m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Apr 30, 2026 |
| Launched | Sep 16, 2025 | ETFIQ |
| Underlying volatility over the window | 49% annualized | ETFIQ |

## Questions

### Did AFRU return +2 times AFRM?

Over the window to Oct 2, 2026, AFRM moved −16.3% and AFRU returned −38.0%. 2 times that move is −32.7%, so the fund came out 5.3 points short of it.

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

Because it resets daily. AFRU 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, AFRU, data as of Oct 2, 2026. https://etfiq.com/funds/afru
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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