{
 "ticker": "HYNX",
 "name": "T-REX 2X Long SKHY Daily Target ETF",
 "issuer": "T-REX",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/hynx",
 "html": "https://etfiq.com/funds/hynx",
 "markdown": "https://etfiq.com/funds/hynx.md",
 "as_of": "2026-11-12",
 "verdict": "Over the three months to Nov 12, 2026, HYNX lost 42.6%, against \u221240.5% for twice SKHY's daily moves.",
 "lead": "Over the three months to Nov 12, 2026, HYNX lost 42.6%, against \u221240.5% for twice SKHY's daily moves.",
 "promise": {
  "badge": "partly",
  "label": "Partly",
  "category": "leverage",
  "sentence": "Over three months to Nov 12, 2026, HYNX finished 2.1 points behind twice SKHY's daily moves, compounded.",
  "figure": -2.1,
  "unit": "points",
  "from": "2026-08-13",
  "to": "2026-11-12",
  "url": "https://etfiq.com/promise-index/leverage/"
 },
 "key_facts": [
  {
   "key": "what_skhy_did",
   "label": "What SKHY did",
   "value": "\u221216.9%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-11-12",
   "sentence": "HYNX, what SKHY did: \u221216.9%, as of Nov 12, 2026.",
   "cite": {
    "value": "\u221216.9%",
    "as_of": "2026-11-12",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/hynx#fact-what-skhy-did",
    "text": "HYNX, what SKHY did: \u221216.9%, as of Nov 12, 2026."
   }
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u221240.5%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-11-12",
   "sentence": "HYNX, what 2 times a day gives: \u221240.5%, as of Nov 12, 2026.",
   "cite": {
    "value": "\u221240.5%",
    "as_of": "2026-11-12",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/hynx#fact-what-2-times-a-day-gives",
    "text": "HYNX, what 2 times a day gives: \u221240.5%, as of Nov 12, 2026."
   }
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221242.6%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-11-12",
   "sentence": "HYNX, what the fund returned: \u221242.6%, as of Nov 12, 2026.",
   "cite": {
    "value": "\u221242.6%",
    "as_of": "2026-11-12",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/hynx#fact-what-the-fund-returned",
    "text": "HYNX, what the fund returned: \u221242.6%, as of Nov 12, 2026."
   }
  },
  {
   "key": "gap_to_2_times_a_day",
   "label": "Gap to 2 times a day",
   "value": "\u22122.1 pts",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-11-12",
   "sentence": "HYNX, gap to 2 times a day: \u22122.1 pts, as of Nov 12, 2026.",
   "cite": {
    "value": "\u22122.1 pts",
    "as_of": "2026-11-12",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/hynx#fact-gap-to-2-times-a-day",
    "text": "HYNX, gap to 2 times a day: \u22122.1 pts, as of Nov 12, 2026."
   }
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$26m",
   "source": "issuer page, as of Nov 11, 2026",
   "as_of": "2026-11-11",
   "sentence": "HYNX, net assets: $26m (issuer page, as of Nov 11, 2026).",
   "cite": {
    "value": "$26m",
    "as_of": "2026-11-11",
    "source": "issuer page, as of Nov 11, 2026",
    "url": "https://etfiq.com/funds/hynx#fact-net-assets",
    "text": "HYNX, net assets: $26m (issuer page, as of Nov 11, 2026)."
   }
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.25%",
   "source": "497 XBRL, Jul 8, 2026",
   "as_of": "2026-07-08",
   "sentence": "HYNX, expense ratio: 1.25% (497 XBRL, Jul 8, 2026).",
   "cite": {
    "value": "1.25%",
    "as_of": "2026-07-08",
    "source": "497 XBRL, Jul 8, 2026",
    "url": "https://etfiq.com/funds/hynx#fact-expense-ratio",
    "text": "HYNX, expense ratio: 1.25% (497 XBRL, Jul 8, 2026)."
   }
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of SKHY, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+2.52481 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "SKHY",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$26m",
   "source": "issuer page, as of Nov 11, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.25%",
   "source": "497 XBRL, Jul 8, 2026"
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Jul 14, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "75% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Total return": "\u221230.5%",
   "SKHY": "\u221212.3%",
   "+2x the move": "\u221224.6%",
   "Difference": "\u22125.9 pts",
   "SKHY moved about, annualized": "97%"
  },
  {
   "window": "3 months",
   "Total return": "\u221242.6%",
   "SKHY": "\u221216.9%",
   "+2x the move": "\u221233.8%",
   "Difference": "\u22128.8 pts",
   "SKHY moved about, annualized": "75%"
  },
  {
   "window": "Since launch",
   "Total return": "\u221263.9%",
   "SKHY": "\u221229.0%",
   "+2x the move": "\u221258.0%",
   "Difference": "\u22125.9 pts",
   "SKHY moved about, annualized": "89%"
  }
 ],
 "questions": [
  {
   "q": "Did HYNX return +2 times SKHY?",
   "a": "Over the three months to Nov 12, 2026, SKHY moved \u221216.9% and HYNX returned \u221242.6%. 2 times that move is \u221233.8%, so the fund came out 8.8 points short of it. That is not its objective, which is daily. Against 2 times each day's move, compounded, it was 2.1 points short."
  },
  {
   "q": "Why does HYNX not return +2 times over a year?",
   "a": "Because it resets daily. HYNX aims at +2 times each day's move, and daily results compound. If the underlying falls and recovers, a holder ends up behind +2 times the period move; in a steady run in one direction, possibly ahead. The longer the holding and the more the underlying swings, the wider the gap."
  },
  {
   "q": "Which +2x SKHY ETF came closest to its daily multiple?",
   "a": "7 issuers sell one. The table on this page ranks them by how far each finished from 2 times the underlying's move, over the days all of them have traded."
  }
 ],
 "key_stats": [
  {
   "key": "high52",
   "label": "High since Jul 14, 2026, daily closes to Nov 12, 2026",
   "value": "$38.77 on Jul 14, 2026",
   "as_of": "2026-07-14",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 38.77,
   "window": {
    "from": "2026-07-14",
    "to": "2026-11-12"
   }
  },
  {
   "key": "low52",
   "label": "Low since Jul 14, 2026, daily closes to Nov 12, 2026",
   "value": "$11.34 on Nov 5, 2026",
   "as_of": "2026-11-05",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 11.34,
   "window": {
    "from": "2026-07-14",
    "to": "2026-11-12"
   }
  },
  {
   "key": "inrange",
   "label": "Close on Nov 12, 2026, within that range",
   "value": "$14.00, 10% of the way from the low to the high",
   "as_of": "2026-11-12",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 14.0
  }
 ],
 "trading": {
  "as_of": "2026-11-11",
  "score": null,
  "tier": null,
  "status": "not-scored",
  "lines": [
   "Not scored.",
   "$1,000: about $1.80, 0.18%, one way.",
   "$10,000: about $18, 0.18%, one way.",
   "$100,000: about $466, 0.47%, one way (estimate).",
   "Premium to NAV at the Nov 11 close: +0.13%; 95% of days within \u00b10.25%.",
   "Limit: midpoint + 3\u00a2 to buy, midpoint \u2212 3\u00a2 to sell. At the Nov 11 close of $14.95, that\u2019s $14.98 to buy and $14.92 to sell."
  ],
  "page": "https://etfiq.com/funds/hynx/trading/"
 },
 "outside_us": [
  {
   "key": "statutory",
   "label": "US tax withheld on dividends, no treaty",
   "value": "30%",
   "date": "2026-10-30",
   "source": "https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf",
   "number": 30.0,
   "url": "https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf"
  },
  {
   "key": "treaty",
   "label": "Treaty rates on dividends (IRS table, read Oct 30, 2026)",
   "value": "65 countries, 10% to 30%",
   "date": "2026-10-30",
   "source": "https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf",
   "number": 65.0,
   "url": "https://www.irs.gov/individuals/international-taxpayers/tax-treaty-tables"
  },
  {
   "key": "qii",
   "label": "HYNX interest-related and short-term gain dividends",
   "value": "not read by ETFIQ"
  },
  {
   "key": "estate",
   "label": "US estate tax filing threshold, non-resident holders",
   "value": "$60,000",
   "date": "2026-10-30",
   "source": "https://www.irs.gov/instructions/i706na",
   "number": 60000.0,
   "url": "https://www.irs.gov/instructions/i706na"
  },
  {
   "key": "dist",
   "label": "Share class",
   "value": "Distributing",
   "source": "https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section852&num=0&edition=prelim",
   "url": "https://etfiq.com/learn/non-us-holders"
  }
 ],
 "flows": {
  "as_of": "2026-11-11",
  "coverage": "daily",
  "computed_by": "ETFIQ, from the change in shares outstanding times the previous day\u2019s NAV",
  "method": "https://etfiq.com/methodology/flows",
  "data": "https://etfiq.com/data/flows/funds/hynx.json",
  "windows": [
   {
    "window": "1 day",
    "from": "2026-11-11",
    "to": "2026-11-11",
    "net_flow_usd": 0,
    "net_flow": "$0",
    "round_trip_usd": 0,
    "days_counted": 1,
    "trading_days": 1
   }
  ],
  "daily_counts_start": "2026-11-09",
  "windows_without_daily_figure": [
   "1 week",
   "1 month",
   "3 months",
   "Year to date",
   "1 year"
  ]
 },
 "generated": "2026-11-13",
 "license": "https://etfiq.com/license/",
 "license_text": "Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, HYNX, leveraged ETFs, data as of Nov 12, 2026. https://etfiq.com/funds/hynx"
}