# APHU (T-REX 2X LONG APH DAILY TARGET ETF)

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

Three months to Sep 30, 2026: APHU returned −11.3% where its own daily promise gave −7.8%, 3.5 points short.

## Key facts

- APHU, what APH did: −1.9%, as of Sep 30, 2026.
- APHU, what 2 times a day gives: −7.8%, as of Sep 30, 2026.
- APHU, what the fund returned: −11.3%, as of Sep 30, 2026.
- APHU, the fund itself cost: −3.5 pts, as of Sep 30, 2026.
- APHU, net assets: $2m (issuer page, as of Sep 29, 2026).
- APHU, expense ratio: 1.50% (485BPOS XBRL, Apr 30, 2026).

## APHU over each window to Sep 30, 2026

| Window | Fund | APH | +2x the move | Difference | APH moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +10.3% | +6.5% | +13.0% | −2.7 pts | 37% |
| 3 months | −11.3% | −1.9% | −3.9% | −7.4 pts | 41% |
| 6 months | +48.2% | +32.4% | +64.9% | −16.7 pts | 44% |
| Since launch | +6.6% | +14.7% | +29.4% | −22.8 pts | 45% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of APH, reset daily | ETFIQ |
| Multiple a holder actually got over the window | APH moved −1.9% over this window, too little to read a multiple from | ETFIQ |
| Underlying | APH | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $2m | issuer page, as of Sep 29, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Apr 30, 2026 |
| Launched | Feb 18, 2026 | ETFIQ |
| Underlying volatility over the window | 41% annualized | ETFIQ |

## Questions

### Did APHU return +2 times APH?

Over the window to Sep 30, 2026, APH moved −1.9% and APHU returned −11.3%. 2 times that move is −3.9%, so the fund came out 7.4 points short of it.

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

Because it resets daily. APHU 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 APH ETF tracked its stated multiple most closely?

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

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