{
 "ticker": "AXTU",
 "name": "T-REX 2X LONG AXTI DAILY TARGET ETF",
 "issuer": "T-REX",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/axtu",
 "html": "https://etfiq.com/funds/axtu",
 "markdown": "https://etfiq.com/funds/axtu.md",
 "as_of": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: AXTU returned \u221227.0% where its own daily promise gave \u221221.7%, 5.2 points short.",
 "key_facts": [
  {
   "key": "what_axti_did",
   "label": "What AXTI did",
   "value": "+19.0%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "AXTU, what AXTI did: +19.0%, as of Sep 30, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u221221.7%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "AXTU, what 2 times a day gives: \u221221.7%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221227.0%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "AXTU, what the fund returned: \u221227.0%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22125.2 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "AXTU, the fund itself cost: \u22125.2 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$20m",
   "source": "issuer page, as of Sep 29, 2026",
   "as_of": "2026-09-30",
   "sentence": "AXTU, net assets: $20m (issuer page, as of Sep 29, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.50%",
   "source": "485BPOS XBRL, Apr 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "AXTU, expense ratio: 1.50% (485BPOS XBRL, Apr 30, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of AXTI, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "-1.42 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "AXTI",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$20m",
   "source": "issuer page, as of Sep 29, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.50%",
   "source": "485BPOS XBRL, Apr 30, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "May 5, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "158% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+45.0%",
   "AXTI": "+27.7%",
   "+2x the move": "+55.4%",
   "Difference": "\u221210.5 pts",
   "AXTI moved about": "109%"
  },
  {
   "window": "3 months",
   "Fund": "\u221227.0%",
   "AXTI": "+19.0%",
   "+2x the move": "+38.1%",
   "Difference": "\u221265.0 pts",
   "AXTI moved about": "158%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221282.0%",
   "AXTI": "\u221228.0%",
   "+2x the move": "\u221256.0%",
   "Difference": "\u221225.9 pts",
   "AXTI moved about": "152%"
  }
 ],
 "questions": [
  {
   "q": "Did AXTU return +2 times AXTI?",
   "a": "Over the window to Sep 30, 2026, AXTI moved +19.0% and AXTU returned \u221227.0%. 2 times that move is +38.1%, so the fund came out 65.0 points short of it."
  },
  {
   "q": "Why does AXTU not return +2 times over a year?",
   "a": "Because it resets daily. AXTU 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."
  },
  {
   "q": "Which +2x AXTI ETF tracked its stated multiple most closely?",
   "a": "4 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."
  }
 ],
 "generated": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}