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AAPX

GradeCChicago Board Options Exchange

T-REX 2X Long Apple Daily Target ETF

Leveraged · Single-Stock Leveraged · Rexshares · Inception 2024-01-11

This 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.

$41.11−0.68 (−1.63%)

As of Sep 23, 2026, 2:18 PM EDT

History starts Jan 11, 2024.
Intraday session: down, 38 prints from 41.79 to 41.11. Range 40.86 to 41.70. Use the arrow keys to read each point.$40.80$41.6010 AM12 PM2 PM4 PM
Expense ratio
1.05%
Fund size
$10M
1Y return
+47.9%
Yield · Last 12 months
0.49%
Holdings
5
Volume · 30D
0.1M sh
NAV per share
$41.57
52W range
low $23.80high $44.00

The ETF.net AAPX Grade

C

51/ 100

Rank 76 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for AAPX. Scores out of 100: Cost 43, Risk 72, Mission 93, Tradability 41, Holdings not scored, Durability 66. Strongest: Mission (93). Weakest: Tradability (41). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 51 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 43
    Category rank213/380 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 93
    Category rank71/147 · top 48%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 72
    Category rank50/285 · top 18%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 41
    Category rank212/380 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 66
    Category rank93/380 · top 24%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

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 Sep 20, 2026, 9:04 AM
Asset class
Stocks
Holdings
5
Top-10 weight
364%
Largest holding
RECV AAPX TRS AAPL EQ287.7%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—RECV AAPX TRS AAPL EQ287.66%62,607$21M1
002—CASH AND CASH EQUIVALENTS76.37%5,601,523$6M120

Showing 1–2 of 2 holdings

AAPX Performance

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

AAPX$14,786
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. AAPX $14,786. SPY $11,723. Use the arrow keys to read each point.$7,987$11,851$15,715Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+37.1%
1 month+19.0%
3 months+24.2%
1 year+47.9%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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+37.1%
2025−5.0%
2024+56.0%

Since listing, Jan 11, 2024

AAPX in the news

ETF.net Research hasn’t filed on AAPX yet — coverage lands here as it’s written.

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 Sep 22, 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.
44.0%
Annualised · 31 months to Aug 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.
0.63
vs 3-month T-bills · 31 months to Aug 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%
32 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%

208 of the 329 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.