Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
T-REX 2X Long CIFR Daily Target ETF
DThis 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.
$4.32−1.48 (−25.52%)
- 1.50%
- $27M
- 0.6M sh
- $6.27
- low $5.64high $51.21
The ETF.net CIFU Grade
D
Score 28 out of 100
- 338 of 380
Score 28 of 100 falls in the D 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.F13 out of 100Rank 302 of 380Mission
Whether the fund did what it promised, tested against its stated mandate.A86 out of 100Rank 102 of 148Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D32 out of 100Rank 271 of 363Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C46 out of 100Rank 205 of 380Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B61 out of 100Rank 121 of 380
Our read on CIFU
DTwo times Cipher Mining's daily move in a single ticker, no margin account involved. A geared play on a US bitcoin miner turned data-center builder, rebuilt fresh every trading day, which makes it a short-leash trading tool.
The fund seeks daily investment results corresponding to two times the performance of CIFR, before fees and expenses.
Why people hold it
- Delivers 2x the daily move of Cipher Mining, a US bitcoin miner running large-scale data centers on long-term renewable-energy contracts, in one ordinary brokerage ticker.rexshares.combusinesswire.com
- On the one job that matters for a geared fund, hitting its stated daily multiple, it has tracked tightly, among the stronger showings in the leveraged single-stock crowd.
- The leverage sits inside the fund. You get the geared exposure without posting collateral, and your downside stops at the money you put in.rexshares.com
Worth knowing
- The 2x resets every day. Over longer stretches compounding takes the wheel, and results can diverge sharply from twice the stock's move, especially in choppy markets.businesswire.com
- At 1.50% a year, it is priced above much of the 2x shelf: Direxion's GGLL and AAPU charge 0.96%, Leverage Shares' AMDG and ASMG 0.75%.
- Launched in November 2025 with a small asset base. Young, lightly held funds tend to carry wider spreads and more risk of being wound down than entrenched ones.
CIFU Holdings
- Stocks
- 3
- 205%
- Cipher Mining Inc Swap Cs
CIFU Performance
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.Not enough history yet.
CIFU$2,635
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.
| Period | CIFU |
|---|---|
| Year to date | −73.6% |
| 1 month | −44.1% |
| 3 months | −77.6% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CIFU |
|---|---|---|
| 2026 YTD | −73.6% | |
| 2025 | −6.7% |
CIFU in the news
CIFU Dividends
Listed Nov 2025. No distributions yet.
CIFU 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 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.
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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.
- —
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.
- 8.23
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CIFU Cost
1.50%
CIFU1.50%
- The middle half of Single-Stock Long Leveraged funds
- Median 0.98%
279 of the 333 Single-Stock Long Leveraged funds charge less.
Other funds in Single-Stock Long Leveraged
- DSHPUDirexion Daily SHOP Bull 2X ETFExpense ratio 2.07%1 year return −10.8%
- DUSAXTradr 2X Long USAR Daily ETFExpense ratio 1.49%1 year return —
- DMRALGraniteShares 2x Long MARA Daily ETFExpense ratio 1.93%1 year return −89.3%
- DSBTUETF Opportunities Trust - T-REX 2X Long SBET Daily Target ETFExpense ratio 1.50%1 year return —
- DFGRUETF Opportunities Trust - T-REX 2X Long FIGR Daily Target ETFExpense ratio 1.50%1 year return —