# TEUP (T-REX 2X LONG TE DAILY TARGET ETF)

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

Three months to Oct 2, 2026: TEUP returned −85.5% where its own daily promise gave −84.8%, 0.6 points short.

## Key facts

- TEUP, what TE did: −54.2%, as of Oct 2, 2026.
- TEUP, what 2 times a day gives: −84.8%, as of Oct 2, 2026.
- TEUP, what the fund returned: −85.5%, as of Oct 2, 2026.
- TEUP, the fund itself cost: −0.6 pts, as of Oct 2, 2026.
- TEUP, net assets: $2m (issuer page, as of Oct 1, 2026).
- TEUP, expense ratio: 1.50% (485BPOS XBRL, Apr 30, 2026).

## TEUP over each window to Oct 2, 2026

| Window | Fund | TE | +2x the move | Difference | TE moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −21.2% | −8.2% | −16.4% | −4.8 pts | 79% |
| 3 months | −85.5% | −54.2% | −108.4% | +22.9 pts | 106% |
| Since launch | −92.3% | −62.9% | −125.8% | +33.5 pts | 112% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of TE, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.58 times, against +2 stated | ETFIQ |
| Underlying | TE | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $2m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Apr 30, 2026 |
| Launched | May 29, 2026 | ETFIQ |
| Underlying volatility over the window | 106% annualized | ETFIQ |

## Questions

### Did TEUP return +2 times TE?

Over the window to Oct 2, 2026, TE moved −54.2% and TEUP returned −85.5%. 2 times that move is −108.4%, so the fund came out 22.9 points ahead of it.

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

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

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