Skip to content
etf.net

Launched

T-REX 2X Long MSTR Daily Target ETF

MSTUCboeRexsharesCThis 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.

$27.01+0.05 (+0.19%)

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

C46/ 100

Rank 102 of 380 in Single-Stock Long Leveraged

C46/100Rank 102 of 380inSingle-Stock Long Leveraged
Intraday session: up, 79 prints from 26.96 to 27.01. Range 26.70 to 29.57. Use the arrow keys to read each point.27.5028.0028.5029.0029.5010 AM12 PM2 PM4 PM
Expense ratio
1.05%
Fund size
$542M
1Y total return
−91.0%
Yield · Last 12 months
No data
Holdings
4
Avg volume · 30D
8.08M sh
52W range
low $14.60high $1076.00
Launched

The ETF.net MSTU Grade

Based on 5 of 6 pillars

C

Score 46 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
102 of 380
Six-pillar profile for MSTU. Scores out of 100: Cost 42, Risk 31, Mission 80, Tradability 61, Holdings not scored, Durability 81. Strongest: Durability (81). Weakest: Risk (31). Based on 5 of 6 pillars.

Score 46 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.
    C42 out of 100
    Rank 215 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A80 out of 100
    Rank 120 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D31 out of 100
    Rank 287 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B61 out of 100
    Rank 127 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.
    A81 out of 100
    Rank 15 of 380

Our read on MSTU

ETF.net Research

In short

CTwo times MicroStrategy's daily move, reset every morning. MSTU is the liquid, lower-fee way to run that trade: less than half the fee of its 2X MSTR rival, and one of the busiest tickers in the leveraged single-stock aisle.

Stated mandate

MSTU seeks daily investment results, before fees and expenses, equal to 200% of the performance of MicroStrategy Inc.'s publicly traded common stock. It is designed for a holding period of one trading day, not for tracking the multiple over longer periods.

Why people hold it

  • At 1.05% a year, it charges under half what rival 2X MSTR fund MSTP does (2.30%), and lands right around the median for leveraged single-stock funds.
  • Among the most actively traded funds in the leveraged single-stock group, which matters when the intended holding period is one day and spreads eat the edge.
  • The mandate is blunt: 200% of MSTR's daily move, before fees, inside a 1940 Act fund. One lever, no index to second-guess, no overlay.rexshares.com
  • A several-hundred-million-dollar fund that sits in the upper half of a crowded field of leveraged single-stock bull products.

Worth knowing

  • The 2x is a daily target that resets each morning. Held through a choppy stretch, results can drift well away from twice MSTR's move, in either direction.
  • One stock, doubled. No diversification cushion, and MSTR is a hard mover on its own, so drawdowns can arrive fast and deep.
  • Launched in 2024, so its record covers a short, unusually wild window for MSTR rather than a full market cycle. It also pays no distributions.

MSTU Performance

Launched Sep 18, 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.
MSTU$900
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. MSTU $900. SPY $11,146. Use the arrow keys to read each point.$0$5,000$10,000Oct 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 MSTU. Periods over one year show the average yearly return.
PeriodMSTU
Year to date−67.2%
1 month−37.4%
3 months+54.9%
1 year−91.0%
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 MSTU
YearReturn barMSTU
2026 YTD−67.2%
2025−89.1%
2024−70.2%

Since listing, Sep 18, 2024

MSTU in the news

MSTU Dividends

Last payment
$0.29 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2026

One bar per payment. 1 payment in 2026 YTD. Aug 25, 2026 $0.29. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Aug 25, 2026Aug 26, 2026$0.29

$10,000 in MSTU 1 year ago paid $9.93 in dividends.

MSTU Risk

Risk pillarD31 out of 100Rank 287 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.
157.3%
Annualised · 25 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.
−0.54
vs 3-month T-bills · 25 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.
−99.9%
25 months · trough Jun 2026
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.
4.62
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.

MSTU Cost

Compare MSTU 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.

  • MSTU 1.05%

    $19,495

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • MSTU 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$20K051015202530MSTU $19,495GOGL $4,155

Year by year

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

Other funds in Single-Stock Long Leveraged

See others