# GLXU (T-REX 2X LONG GLXY DAILY TARGET ETF)

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

Three months to Sep 30, 2026: GLXU returned −39.8% where its own daily promise gave −37.3%, 2.5 points short.

## Key facts

- GLXU, what GLXY did: −12.1%, as of Sep 30, 2026.
- GLXU, what 2 times a day gives: −37.3%, as of Sep 30, 2026.
- GLXU, what the fund returned: −39.8%, as of Sep 30, 2026.
- GLXU, the fund itself cost: −2.5 pts, as of Sep 30, 2026.
- GLXU, net assets: $14m (issuer page, as of Sep 29, 2026).
- GLXU, expense ratio: 1.50% (485BPOS XBRL, Apr 30, 2026).

## GLXU over each window to Sep 30, 2026

| Window | Fund | GLXY | +2x the move | Difference | GLXY moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −19.3% | −7.6% | −15.1% | −4.1 pts | 77% |
| 3 months | −39.8% | −12.1% | −24.1% | −15.7 pts | 91% |
| 6 months | +6.9% | +30.9% | +61.8% | −55.0 pts | 88% |
| 1 year | −84.2% | −32.7% | −65.5% | −18.7 pts | 92% |
| Since launch | −79.2% | −18.1% | −36.3% | −42.9 pts | 90% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of GLXY, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +3.3 times, against +2 stated | ETFIQ |
| Underlying | GLXY | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $14m | issuer page, as of Sep 29, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Apr 30, 2026 |
| Launched | Aug 8, 2025 | ETFIQ |
| Underlying volatility over the window | 91% annualized | ETFIQ |

## Questions

### Did GLXU return +2 times GLXY?

Over the window to Sep 30, 2026, GLXY moved −12.1% and GLXU returned −39.8%. 2 times that move is −24.1%, so the fund came out 15.7 points short of it.

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

Because it resets daily. GLXU 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 GLXY ETF tracked its stated multiple most closely?

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

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