# CCUP (T-REX 2X LONG CRCL DAILY TARGET ETF)

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

Three months to Sep 30, 2026: CCUP returned +41.9% where its own daily promise gave +47.6%, 5.7 points short.

## Key facts

- CCUP, what CRCL did: +32.6%, as of Sep 30, 2026.
- CCUP, what 2 times a day gives: +47.6%, as of Sep 30, 2026.
- CCUP, what the fund returned: +41.9%, as of Sep 30, 2026.
- CCUP, the fund itself cost: −5.7 pts, as of Sep 30, 2026.
- CCUP, net assets: $34m (issuer page, as of Sep 29, 2026).
- CCUP, expense ratio: 1.50% (485BPOS XBRL, Apr 30, 2026).

## CCUP over each window to Sep 30, 2026

| Window | Fund | CRCL | +2x the move | Difference | CRCL moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −32.1% | −14.0% | −28.0% | −4.1 pts | 95% |
| 3 months | +41.9% | +32.6% | +65.3% | −23.4 pts | 85% |
| 6 months | −50.0% | −9.4% | −18.9% | −31.1 pts | 94% |
| 1 year | −86.6% | −38.0% | −76.0% | −10.6 pts | 98% |
| Since launch | −91.9% | −49.0% | −98.0% | +6.1 pts | 96% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of CRCL, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.28 times, against +2 stated | ETFIQ |
| Underlying | CRCL | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $34m | issuer page, as of Sep 29, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Apr 30, 2026 |
| Launched | Aug 11, 2025 | ETFIQ |
| Underlying volatility over the window | 85% annualized | ETFIQ |

## Questions

### Did CCUP return +2 times CRCL?

Over the window to Sep 30, 2026, CRCL moved +32.6% and CCUP returned +41.9%. 2 times that move is +65.3%, so the fund came out 23.4 points short of it.

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

Because it resets daily. CCUP 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 CRCL ETF tracked its stated multiple most closely?

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.


## Cite this page

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

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