# ETU (T-Rex 2X Long Ether Daily Target ETF)

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

Three months to Sep 30, 2026: ETU returned +151.3% where its own daily promise gave +157.5%, 6.2 points short.

## Key facts

- ETU, what ETHA did: +65.0%, as of Sep 30, 2026.
- ETU, what 2 times a day gives: +157.5%, as of Sep 30, 2026.
- ETU, what the fund returned: +151.3%, as of Sep 30, 2026.
- ETU, the fund itself cost: −6.2 pts, as of Sep 30, 2026.
- ETU, net assets: $18m (issuer page, as of Sep 29, 2026).
- ETU, expense ratio: 0.95% (485BPOS XBRL, Apr 30, 2026).

## ETU over each window to Sep 30, 2026

| Window | Fund | ETHA | +2x the move | Difference | ETHA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +13.3% | +7.5% | +15.0% | −1.7 pts | 46% |
| 3 months | +151.3% | +65.0% | +130.1% | +21.2 pts | 48% |
| 6 months | +28.6% | +24.5% | +49.0% | −20.4 pts | 51% |
| 1 year | −76.8% | −36.1% | −72.3% | −4.5 pts | 64% |
| Since launch | −68.9% | +4.5% | +9.0% | −77.9 pts | 70% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of ETHA, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.33 times, against +2 stated | ETFIQ |
| Underlying | ETHA | ETFIQ |
| Segment | asset class, crypto | ETFIQ |
| Net assets | $18m | issuer page, as of Sep 29, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Apr 30, 2026 |
| Launched | Oct 24, 2024 | ETFIQ |
| Underlying volatility over the window | 48% annualized | ETFIQ |

## Questions

### Did ETU return +2 times ETHA?

Over the window to Sep 30, 2026, ETHA moved +65.0% and ETU returned +151.3%. 2 times that move is +130.1%, so the fund came out 21.2 points ahead of it.

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

Because it resets daily. ETU 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 ETHA 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, ETU, data as of Sep 30, 2026. https://etfiq.com/funds/etu
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/etu  ·  JSON: https://etfiq.com/funds/etu.json