# OCNL (T-REX 2X LONG DOCN DAILY TARGET ETF)

T-REX · Leveraged ETFs · data as of Oct 9, 2026

One month to Oct 9, 2026: OCNL returned −3.7% where its own daily promise gave −0.8%, 2.9 points short.

## Key facts

- OCNL, what DOCN did: +1.6%, as of Oct 9, 2026.
- OCNL, what 2 times a day gives: −0.8%, as of Oct 9, 2026.
- OCNL, what the fund returned: −3.7%, as of Oct 9, 2026.
- OCNL, the fund itself cost: −2.9 pts, as of Oct 9, 2026.
- OCNL, net assets: $648,300 (issuer page, as of Oct 8, 2026).
- OCNL, expense ratio: 1.50% (485BPOS XBRL, Jul 22, 2026).

## OCNL over each window to Oct 9, 2026

| Window | Fund | DOCN | +2x the move | Difference | DOCN moved about, annualized |
| --- | --- | --- | --- | --- | --- |
| 1 month | −3.7% | +1.6% | +3.2% | −6.9 pts | 72% |
| Since launch | +5.5% | +10.3% | +20.6% | −15.1 pts | 78% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of DOCN, reset daily | ETFIQ |
| Multiple a holder actually got over the window | DOCN moved +1.6% over this window, too little to read a multiple from | ETFIQ |
| Underlying | DOCN | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $648,300 | issuer page, as of Oct 8, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Jul 22, 2026 |
| First traded | Aug 6, 2026 | ETFIQ |
| Underlying volatility over the window | 72% annualized | ETFIQ |

## Questions

### Did OCNL return +2 times DOCN?

Over the month to Oct 9, 2026, DOCN moved +1.6% and OCNL returned −3.7%. 2 times that move is +3.2%, so the fund came out 6.9 points short of it. Against its own daily promise, 2 times each day's move compounded, it was 2.9 points short.

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

Because it resets daily. OCNL 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.


## Cite this page

ETFIQ, OCNL, leveraged ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/ocnl
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at https://etfiq.com/data/.

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