# PENU (T-REX 2X LONG PENG DAILY TARGET ETF)

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

One month to Oct 9, 2026: PENU returned +96.7% where its own daily promise gave +109.7%, 13.0 points short.

## Key facts

- PENU, what PENG did: +49.4%, as of Oct 9, 2026.
- PENU, what 2 times a day gives: +109.7%, as of Oct 9, 2026.
- PENU, what the fund returned: +96.7%, as of Oct 9, 2026.
- PENU, the fund itself cost: −13.0 pts, as of Oct 9, 2026.
- PENU, net assets: $3m (issuer page, as of Oct 8, 2026).
- PENU, expense ratio: 1.50% (485BPOS XBRL, Jul 22, 2026).

## PENU over each window to Oct 9, 2026

| Window | Fund | PENG | +2x the move | Difference | PENG moved about, annualized |
| --- | --- | --- | --- | --- | --- |
| 1 month | +96.7% | +49.4% | +98.8% | −2.1 pts | 83% |
| Since launch | +48.6% | +35.6% | +71.2% | −22.6 pts | 76% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of PENG, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.96 times, against +2 stated | ETFIQ |
| Underlying | PENG | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $3m | 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 | 83% annualized | ETFIQ |

## Questions

### Did PENU return +2 times PENG?

Over the month to Oct 9, 2026, PENG moved +49.4% and PENU returned +96.7%. 2 times that move is +98.8%, so the fund came out 2.1 points short of it. Against its own daily promise, 2 times each day's move compounded, it was 13.0 points short.

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

Because it resets daily. PENU 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, PENU, leveraged ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/penu
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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