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BEX

GradeCChicago Board Options Exchange

Tradr 2X Long BE Daily ETF

Leveraged · Single-Stock Leveraged · Tradr · Inception 2025-11-12

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.

$36.69−0.60 (−1.61%)

As of Sep 23, 2026, 2:20 PM EDT

History starts Nov 13, 2025.History starts Nov 13, 2025.
Intraday session: down, 59 prints from 37.29 to 36.69. Range 35.97 to 38.80. Use the arrow keys to read each point.$36.00$38.00$39.0010 AM12 PM2 PM4 PM
Expense ratio
1.30%
Fund size
$223M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
2M sh
NAV per share
$37.26
52W range
low $7.20high $86.12

The ETF.net BEX Grade

C

48/ 100

Rank 85 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for BEX. Scores out of 100: Cost 34, Risk 50, Mission 88, Tradability 69, Holdings not scored, Durability 70. Strongest: Mission (88). Weakest: Cost (34). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 48 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.
    DScore 34
    Category rank238/380 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 88
    Category rank96/147 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 50
    Category rank127/285 · top 45%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 69
    Category rank96/380 · top 25%

  • 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.
    AScore 70
    Category rank64/380 · top 17%

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

Our read on BEX

ETF.net Research

COne stock, twice the daily swing. BEX aims to deliver two times Bloom Energy's daily move, resetting every session, and it is one of only two US ETFs offering leveraged exposure to the fuel-cell maker.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to two times the daily performance of Bloom Energy Corporation common shares.

Why people hold it

  1. 01Does exactly one thing: two times Bloom Energy's daily move, before fees. No index committee, no basket, no guessing what is inside.tradretfs.com
  2. 02Amplified BE exposure inside a 1940 Act ETF wrapper, so no margin account, no borrowing paperwork, no margin call at 3am.tradretfs.com
  3. 03Tracks its 2x daily target closely, which puts it in the upper half of a crowded leveraged single-stock field.
  4. 04Trades actively for a fund this young, so getting in and out has not required hunting for a counterparty.

Worth knowing

  1. 01At 1.30% a year, it sits at the pricier end of the leveraged single-stock shelf. BEG offers the same 2x BE exposure at 0.75%.
  2. 02The 2x target applies to a single day. Because leverage resets daily, multi-day results can drift well away from twice BE's return, in either direction.
  3. 03One stock, geared up: this is concentration on top of leverage, and the fund launched in late 2025, so there is little history to study.

BEX Holdings

As of Sep 20, 2026, 6:39 AM
Asset class
Other
Holdings
—
Top-10 weight
102%
Largest holding
CASHUSD72.6%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—CASHUSD72.59%150,342,104$150M49
002—CFD BLOOM ENERGY CORP- A29.85%-350,810,693$62M1

Showing 1–2 of 2 holdings

BEX Performance

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

BEX$39,712
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. BEX $39,712. SPY $11,430. Use the arrow keys to read each point.$2,873$49,418$95,962Dec 2025May 2026Sep 2026

Dec 31, 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 BEX. Periods over one year show the average yearly return.
PeriodBEX
Year to date+297.1%
1 month+78.6%
3 months−55.6%
1 yearFund is under 1 year old—
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 BEX
YearReturn barBEX
2026 YTD+297.1%
2025−40.8%

History from Nov 13, 2025

BEX in the news

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

BEX 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.
—Last 12 months
Payout per share
—Last 12 months

Listed Nov 2025. No distributions yet.

BEX 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.
—
Launched Nov 2025; fills in after 12 months
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.
—
Launched Nov 2025; fills in after 12 months
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.
—
Launched Nov 2025; fills in after 12 months
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.
18.83
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.

BEX Cost

Expense ratio1.30%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

231 of the 329 Single-Stock Long Leveraged funds charge less.

BEX costs $130.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.