{
 "ticker": "KTUP",
 "name": "T-REX 2X LONG KTOS DAILY TARGET ETF",
 "issuer": "T-REX",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/ktup",
 "html": "https://etfiq.com/funds/ktup",
 "markdown": "https://etfiq.com/funds/ktup.md",
 "as_of": "2026-10-02",
 "verdict": "Three months to Oct 2, 2026: KTUP returned \u221247.2% where its own daily promise gave \u221244.0%, 3.2 points short.",
 "key_facts": [
  {
   "key": "what_ktos_did",
   "label": "What KTOS did",
   "value": "\u221222.2%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "KTUP, what KTOS did: \u221222.2%, as of Oct 2, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u221244.0%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "KTUP, what 2 times a day gives: \u221244.0%, as of Oct 2, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221247.2%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "KTUP, what the fund returned: \u221247.2%, as of Oct 2, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22123.2 pts",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "KTUP, the fund itself cost: \u22123.2 pts, as of Oct 2, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$11m",
   "source": "issuer page, as of Oct 1, 2026",
   "as_of": "2026-10-02",
   "sentence": "KTUP, net assets: $11m (issuer page, as of Oct 1, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.50%",
   "source": "485BPOS XBRL, Apr 30, 2026",
   "as_of": "2026-10-02",
   "sentence": "KTUP, expense ratio: 1.50% (485BPOS XBRL, Apr 30, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of KTOS, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+2.13 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "KTOS",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$11m",
   "source": "issuer page, as of Oct 1, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.50%",
   "source": "485BPOS XBRL, Apr 30, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Sep 16, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "54% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221221.2%",
   "KTOS": "\u22129.9%",
   "+2x the move": "\u221219.7%",
   "Difference": "\u22121.5 pts",
   "KTOS moved about": "27%"
  },
  {
   "window": "3 months",
   "Fund": "\u221247.2%",
   "KTOS": "\u221222.2%",
   "+2x the move": "\u221244.4%",
   "Difference": "\u22122.8 pts",
   "KTOS moved about": "54%"
  },
  {
   "window": "6 months",
   "Fund": "\u221270.3%",
   "KTOS": "\u221236.0%",
   "+2x the move": "\u221272.0%",
   "Difference": "+1.7 pts",
   "KTOS moved about": "64%"
  },
  {
   "window": "1 year",
   "Fund": "\u221290.4%",
   "KTOS": "\u221254.7%",
   "+2x the move": "\u2212109.4%",
   "Difference": "+18.9 pts",
   "KTOS moved about": "71%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221285.4%",
   "KTOS": "\u221243.6%",
   "+2x the move": "\u221287.2%",
   "Difference": "+1.8 pts",
   "KTOS moved about": "70%"
  }
 ],
 "questions": [
  {
   "q": "Did KTUP return +2 times KTOS?",
   "a": "Over the window to Oct 2, 2026, KTOS moved \u221222.2% and KTUP returned \u221247.2%. 2 times that move is \u221244.4%, so the fund came out 2.8 points short of it."
  },
  {
   "q": "Why does KTUP not return +2 times over a year?",
   "a": "Because it resets daily. KTUP 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."
  }
 ],
 "generated": "2026-10-03",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}