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Launched

T-REX 2X Long Apple Daily Target ETF

AAPXCboeRexsharesBThis 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.

$40.74−1.63 (−3.85%)

At close: Nov 2, 2026, 4:00 PM ET

B55/ 100

Rank 70 of 380 in Single-Stock Long Leveraged

B55/100Rank 70 of 380inSingle-Stock Long Leveraged
Intraday session: down, 78 prints from 42.37 to 40.74. Range 40.16 to 42.24. Use the arrow keys to read each point.41.0041.5042.0010 AM12 PM2 PM4 PM
Expense ratio
1.05%
Fund size
$8M
1Y total return
+31.3%
Yield · Last 12 months
0.50%
Holdings
2
Avg volume · 30D
54.9K sh
52W range
low $23.80high $44.17
Launched

The ETF.net AAPX Grade

Based on 5 of 6 pillars

B

Score 55 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
70 of 380
Six-pillar profile for AAPX. Scores out of 100: Cost 42, Risk 79, Mission 90, Tradability 55, Holdings not scored, Durability 66. Strongest: Mission (90). Weakest: Cost (42). Based on 5 of 6 pillars.

Score 55 of 100 falls in the B 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.
    C42 out of 100
    Rank 215 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A90 out of 100
    Rank 77 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A79 out of 100
    Rank 41 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B55 out of 100
    Rank 158 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 84 of 380

Our read on AAPX

ETF.net Research

In short

BOne 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

  • Does 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.
  • Standing is strong: one of the better-executed products in a crowded field of leveraged single-stock bull funds.
  • Registered 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

  • The daily reset compounds. Hold past a single session and the result can diverge from twice Apple's move over that stretch, in either direction.
  • One company, doubled. Apple news lands with twice the force, and there is nothing else in the portfolio to soften it.
  • Fees 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 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$13,131
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. AAPX $13,131. SPY $11,146. Use the arrow keys to read each point.$8,000$10,000$12,000$14,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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+33.7%
1 month+2.0%
3 months+15.0%
1 year+31.3%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+33.7%
2025−5.0%
2024+56.0%

Since listing, Jan 11, 2024

AAPX in the news

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 Nov 2, 2026.
0.50%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

$10,000 in AAPX 1 year ago paid $65.86 in dividends.

AAPX Risk

Risk pillarA79 out of 100Rank 41 of 368 in Single-Stock Long Leveraged

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.
42.8%
Annualised · 33 months to Oct 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.
0.73
vs 3-month T-bills · 33 months to Oct 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.

FMP measures it over up to five years of monthly returns.

AAPX Cost

Compare AAPX and GOGL

Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged

$15,340

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AAPX 1.05%

    $19,495

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • AAPX 1.05%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530AAPX $19,495GOGL $4,155

Year by year

YearAAPXGOGLOverpaying
10$1,847$365$1,482
20$6,927$1,421$5,506
30$19,495$4,155$15,340

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