# RAMZ (T-REX 2X INVERSE DRAM DAILY TARGET ETF)

T-REX · Leveraged ETFs · data as of Sep 30, 2026

One month to Sep 30, 2026: RAMZ returned −16.8% where its own daily promise gave −17.1%, 0.3 points over.

## Key facts

- RAMZ, what DRAM did: +6.1%, as of Sep 30, 2026.
- RAMZ, what −2 times a day gives: −17.1%, as of Sep 30, 2026.
- RAMZ, what the fund returned: −16.8%, as of Sep 30, 2026.
- RAMZ, the fund itself added: +0.3 pts, as of Sep 30, 2026.
- RAMZ, net assets: $7m (issuer page, as of Sep 29, 2026).
- RAMZ, expense ratio: 1.50% (485BPOS XBRL, Jul 27, 2026).

## RAMZ over each window to Sep 30, 2026

| Window | Fund | DRAM | -2x the move | Difference | DRAM moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −16.8% | +6.1% | −12.2% | −4.7 pts | 52% |
| Since launch | −53.2% | +26.4% | −52.7% | −0.5 pts | 71% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of DRAM, reset daily | ETFIQ |
| Multiple a holder actually got over the window | -2.76 times, against -2 stated | ETFIQ |
| Underlying | DRAM | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $7m | issuer page, as of Sep 29, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Jul 27, 2026 |
| Launched | Jul 28, 2026 | ETFIQ |
| Underlying volatility over the window | 52% annualized | ETFIQ |

## Questions

### Did RAMZ return -2 times DRAM?

Over the window to Sep 30, 2026, DRAM moved +6.1% and RAMZ returned −16.8%. −2 times that move is −12.2%, so the fund came out 4.7 points short of it.

### Why does RAMZ not return -2 times over a year?

Because it resets daily. RAMZ 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, RAMZ, data as of Sep 30, 2026. https://etfiq.com/funds/ramz
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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