# RDWU (T-REX 2X LONG RDW DAILY TARGET ETF)

T-REX · Leveraged ETFs · data as of Oct 2, 2026

Three months to Oct 2, 2026: RDWU returned −27.6% where its own daily promise gave −21.2%, 6.4 points short.

## Key facts

- RDWU, what RDW did: −3.8%, as of Oct 2, 2026.
- RDWU, what 2 times a day gives: −21.2%, as of Oct 2, 2026.
- RDWU, what the fund returned: −27.6%, as of Oct 2, 2026.
- RDWU, the fund itself cost: −6.4 pts, as of Oct 2, 2026.
- RDWU, net assets: $31m (issuer page, as of Oct 1, 2026).
- RDWU, expense ratio: 1.50% (485BPOS XBRL, Apr 30, 2026).

## RDWU over each window to Oct 2, 2026

| Window | Fund | RDW | +2x the move | Difference | RDW moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +4.1% | +5.3% | +10.6% | −6.6 pts | 62% |
| 3 months | −27.6% | −3.8% | −7.6% | −20.1 pts | 81% |
| 6 months | −43.7% | +11.8% | +23.6% | −67.3 pts | 116% |
| Since launch | −70.7% | −7.4% | −14.8% | −55.9 pts | 112% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of RDW, reset daily | ETFIQ |
| Multiple a holder actually got over the window | RDW moved −3.8% over this window, too little to read a multiple from | ETFIQ |
| Underlying | RDW | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $31m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Apr 30, 2026 |
| Launched | Jan 30, 2026 | ETFIQ |
| Underlying volatility over the window | 81% annualized | ETFIQ |

## Questions

### Did RDWU return +2 times RDW?

Over the window to Oct 2, 2026, RDW moved −3.8% and RDWU returned −27.6%. 2 times that move is −7.6%, so the fund came out 20.1 points short of it.

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

Because it resets daily. RDWU 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, RDWU, data as of Oct 2, 2026. https://etfiq.com/funds/rdwu
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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