ETFIQetfiq.com · independent ETF data
ASSX T-REX 2X LONG ASST DAILY TARGET ETF
Aims to return twice the daily move of Strive (ASST)T-REX1.50% fee$7mFirst traded Sep 18, 2026Fund page at the issuer ↗SEC filings ↗
Since launch to Oct 9, 2026: ASSX returned −16.6% where its own daily promise gave −15.3%, 1.4 points short.
−7.6%
What ASST did
−15.3%
What 2 times a day gives
−16.6%
What the fund returned
−1.4 pts
The fund itself cost
What it aimed at, and what it did
From launch to Oct 9, 2026, ASSX returned −16.6%, where 2 times that move implies −15.2%. The difference is −1.4 pts. Of that, daily compounding is 0.0 pts and the fund itself −1.4 pts against its own daily promise.
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| Window | Fund | ASST | +2x the move | Difference | ASST moved about, annualized |
|---|---|---|---|---|---|
| Since launch Sep 18 – Oct 9, 2026 | −16.6% | −7.6% | −15.2% | −1.4 pts | 33% |
Source: ETFIQ.
In plain words
That 1.4 is two pieces: daily compounding, 0.0 points, which happens to any 2 times fund over the same path, and the fund itself, −1.4 points against its own daily promise.
Summary
Read the multiple against the whole window instead and 2 times ASST's −7.6% implies −15.2%, which makes ASSX look 1.4 points short. ASSX aims to return +2 times ASST's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. ASST moved at 33% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
Sets out to return+2 times the daily move of ASST, reset daily
Multiple a holder actually got over the window (ETFIQ)+2.19 times, against +2 stated
UnderlyingASST
Segmentsingle stock, company
Net assets (issuer page, as of Oct 8, 2026)$7m
Expense ratio (485BPOS XBRL, Apr 30, 2026)1.50%
First tradedSep 18, 2026
Underlying volatility over the window (ETFIQ)33% annualized
What the underlying did, 3 monthsASST −7.6%
How this is computed
Returns are ETFIQ calculations from Tiingo end-of-day prices, distributions reinvested, measured against the underlying over exactly the same days. How these figures are computed
Questions people ask about ASSX
- Did ASSX return +2 times ASST?
- Over the record since launch to Oct 9, 2026, ASST moved −7.6% and ASSX returned −16.6%. 2 times that move is −15.2%, so the fund came out 1.4 points short of it. Against its own daily promise, 2 times each day's move compounded, it was 1.4 points short.
- Why does ASSX not return +2 times over a year?
- Because it resets daily. ASSX 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.
Sources and dates
Prices, ASSX and ASSTTiingo end-of-day prices ↗
Fee, 1.50%SEC 485BPOS XBRL · Apr 30, 2026
Net assets, $7mIssuer page · Oct 8, 2026
IssuerT-REX page for ASSX ↗
All fund filingsFund filings on SEC EDGAR ↗
ETFIQ links to the documents behind every figure; a link is not an endorsement.
Cite this page
ETFIQ, ASSX, leveraged ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/assx
ETFIQ. (Oct 9, 2026). ASSX, leveraged ETFs. Retrieved from https://etfiq.com/funds/assx
[ASSX, leveraged ETFs (ETFIQ, Oct 9, 2026)](https://etfiq.com/funds/assx)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.
Stated multiple
What the fund sets out to return against its underlying, each day. A fund at 2x aims to return twice the underlying’s daily move, and an inverse fund at -2x aims to return twice it in the opposite direction.
Daily reset
The fund starts each day aiming at the multiple again, from wherever it now stands. It is the mechanism that makes these funds behave as they do, and the reason the stated multiple applies to a day rather than to a holding period.
Compounding
Daily results multiply together rather than adding up. Two days of the multiple is not twice the multiple, and over a run of days the difference between the two grows with how far the underlying moves about.
Decay
What compounding costs a holder when the underlying falls and rises back to where it started. The underlying is level and the fund is down; the more violently it moved, the further down.
Difference against the stated multiple
The fund’s return minus the stated multiple times the underlying’s return, in percentage points. The one figure that says whether a holder got what the fund’s own multiple describes.
ASSX, Leveraged ETFs, ETFIQ, data as of Oct 9, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.