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Launched

T-REX 2X Long Apple Daily Target ETF

AAPXCboeCThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$41.760.00 (0.00%)

As of Oct 13, 2026, 3:59 PM

C54/ 100

Rank 67 of 380 in Single-Stock Long Leveraged

C54/100Rank 67 of 380inSingle-Stock Long Leveraged
Intraday session: flat, 50 prints from 41.76 to 41.76. Range 41.76 to 43.24. Use the arrow keys to read each point.42.2542.5042.7543.0043.2510 AM12 PM2 PM4 PM
Expense ratio
1.05%
Fund size
$9M
1Y total return
+61.9%
Yield · Last 12 months
0.49%
Holdings
2
Avg volume · 30D
0.1M sh
NAV per share
$40.69
52W range
low $23.80high $44.00
Launched

The ETF.net AAPX Grade

Based on 5 of 6 pillars

C

Score 54 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
67 of 380
Six-pillar profile for AAPX. Scores out of 100: Cost 43, Risk 74, Mission 91, Tradability 56, Holdings not scored, Durability 66. Strongest: Mission (91). Weakest: Cost (43). Based on 5 of 6 pillars.

Score 54 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C43 out of 100
    Rank 213 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A91 out of 100
    Rank 77 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A74 out of 100
    Rank 56 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B56 out of 100
    Rank 143 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B66 out of 100
    Rank 83 of 380

Our read on AAPX

ETF.net Research

COne of only two US ETFs built to double Apple's daily move, and the challenger rather than the incumbent. This is a one-day instrument: 200% of AAPL before fees, reset at every close.

Stated mandate

The Fund seeks daily investment results, before fees and expenses, equal to 200% of Apple common-stock performance. Its objective applies for a single trading day rather than longer holding periods.

Why people hold it

  1. 01Does one job and states it plainly: 200% of Apple's daily stock move before fees and expenses. It has stayed close to that daily target since launching in January 2024.
  2. 02Standing is strong: one of the better-executed products in a crowded field of leveraged single-stock bull funds.
  3. 03Registered under the 1940 Act, so amplified Apple exposure arrives in a standard ETF wrapper with no margin account or options approval on your end.

Worth knowing

  1. 01The daily reset compounds. Hold past a single session and the result can diverge from twice Apple's move over that stretch, in either direction.
  2. 02One company, doubled. Apple news lands with twice the force, and there is nothing else in the portfolio to soften it.
  3. 03Fees run 1.05% a year against 0.96% at AAPU, the other 2x Apple fund. It is also a smaller, moderately traded fund, so limit orders earn their keep.

AAPX Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
2
Top-10 weight
439%
Largest holding
Recv Aapx Trs Aapl Eq358.8%

Sectors

  • Technology100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Recv Aapx Trs Aapl Eq358.77%63,676$21M1
002—Cash and Cash Equivalents79.94%4,776,454$5M124

Showing 1–2 of 2 holdings

AAPX Performance

Launched Jan 11, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
AAPX$16,190
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. AAPX $16,190. SPY $12,044. Use the arrow keys to read each point.$8,927$13,096$17,264Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for AAPX. Periods over one year show the average yearly return.
PeriodAAPX
Year to date+36.6%
1 month+3.9%
3 months+11.7%
1 year+61.9%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AAPX
YearReturn barAAPX
2026 YTD+36.6%
2025−5.0%
2024+56.0%

Since listing, Jan 11, 2024

AAPX in the news

Filtered to AAPX · Single-Stock Long Leveraged

AAPX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
0.49%Last 12 months
Payout per share
$0.20Last 12 months
Last payment
$0.20 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 24, 2024 $6.93; Dec 24, 2025 $0.20. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 24, 2025Dec 26, 2025$0.20
Dec 24, 2024Dec 26, 2024$6.93

AAPX Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
43.5%
Annualised · 32 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.70
vs 3-month T-bills · 32 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−58.5%
33 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.72
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

AAPX Cost

Expense ratio1.05%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

212 of the 333 Single-Stock Long Leveraged funds charge less.

AAPX costs $105.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.

Other funds in Single-Stock Long Leveraged

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