# HYNX (T-REX 2X Long SKHY Daily Target ETF)

T-REX · Leveraged ETFs · data as of Nov 12, 2026

Promise check: Partly. Over three months to Nov 12, 2026, HYNX finished 2.1 points behind twice SKHY's daily moves, compounded. https://etfiq.com/promise-index/leverage/

Over the three months to Nov 12, 2026, HYNX lost 42.6%, against −40.5% for twice SKHY's daily moves.

## Key facts

- HYNX, what SKHY did: −16.9%, as of Nov 12, 2026.
- HYNX, what 2 times a day gives: −40.5%, as of Nov 12, 2026.
- HYNX, what the fund returned: −42.6%, as of Nov 12, 2026.
- HYNX, gap to 2 times a day: −2.1 pts, as of Nov 12, 2026.
- HYNX, net assets: $26m (issuer page, as of Nov 11, 2026).
- HYNX, expense ratio: 1.25% (497 XBRL, Jul 8, 2026).

## HYNX over each window to Nov 12, 2026

| Window | Total return | SKHY | +2x the move | Difference | SKHY moved about, annualized |
| --- | --- | --- | --- | --- | --- |
| 1 month | −30.5% | −12.3% | −24.6% | −5.9 pts | 97% |
| 3 months | −42.6% | −16.9% | −33.8% | −8.8 pts | 75% |
| Since launch | −63.9% | −29.0% | −58.0% | −5.9 pts | 89% |

## HYNX key stats

- High since Jul 14, 2026, daily closes to Nov 12, 2026: $38.77 on Jul 14, 2026 (computed by ETFIQ from Tiingo daily prices)
- Low since Jul 14, 2026, daily closes to Nov 12, 2026: $11.34 on Nov 5, 2026 (computed by ETFIQ from Tiingo daily prices)
- Close on Nov 12, 2026, within that range: $14.00, 10% of the way from the low to the high (computed by ETFIQ from Tiingo daily prices)

## HYNX trading

- 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 ±0.25%.
- Limit: midpoint + 3¢ to buy, midpoint − 3¢ to sell. At the Nov 11 close of $14.95, that’s $14.98 to buy and $14.92 to sell.
- The full trading page: https://etfiq.com/funds/hynx/trading/

## HYNX for holders outside the US

- US tax withheld on dividends, no treaty: 30% (<https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf>)
- Treaty rates on dividends (IRS table, read Oct 30, 2026): 65 countries, 10% to 30% (<https://www.irs.gov/individuals/international-taxpayers/tax-treaty-tables>)
- HYNX interest-related and short-term gain dividends: not read by ETFIQ
- US estate tax filing threshold, non-resident holders: $60,000 (<https://www.irs.gov/instructions/i706na>)
- Share class: Distributing (<https://etfiq.com/learn/non-us-holders>)

Facts from the IRS, not tax advice.

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of SKHY, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.52481 times, against +2 stated | ETFIQ |
| Underlying | SKHY | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $26m | issuer page, as of Nov 11, 2026 |
| Expense ratio | 1.25% | 497 XBRL, Jul 8, 2026 |
| First traded | Jul 14, 2026 | ETFIQ |
| Underlying volatility over the window | 75% annualized | ETFIQ |

## Money in and out, to Nov 11, 2026

| Window | Dates | Net flow |
| --- | --- | --- |
| 1 day | Nov 11, 2026 | $0 |

Daily counts start Nov 9, 2026, so these windows have no daily data: 1 week, 1 month, 3 months, Year to date, 1 year.

Computed by ETFIQ from the change in shares outstanding times the previous day’s NAV. Every day and month: <https://etfiq.com/data/flows/funds/hynx.json>. Method: https://etfiq.com/methodology/flows

## Questions

### Did HYNX return +2 times SKHY?

Over the three months to Nov 12, 2026, SKHY moved −16.9% and HYNX returned −42.6%. 2 times that move is −33.8%, 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.

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

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.

### Which +2x SKHY ETF came closest to its daily multiple?

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.


## Cite this page

ETFIQ, HYNX, leveraged ETFs, data as of Nov 12, 2026. https://etfiq.com/funds/hynx
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at <https://etfiq.com/data/>.

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