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TXXD

GradeDNASDAQ

21Shares 2x Long Dogecoin ETF

Leveraged · Leveraged & Inverse · 21Shares · Inception 2025-11-20

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.

$45.75−8.49 (−15.65%)

As of Sep 23, 2026, 2:22 PM EDT

History starts Nov 20, 2025.History starts Nov 20, 2025.
Intraday session: down, 54 prints from 54.24 to 45.75. Range 45.55 to 54.26. Use the arrow keys to read each point.$48.00$50.00$52.00$54.0010 AM12 PM2 PM4 PM
Expense ratio
1.89%
Fund size
$5M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0.1M sh
NAV per share
$52.65
52W range
low $28.00high $276.80

The ETF.net TXXD Grade

D

40/ 100

Rank 9 of 15 in 2x Long Crypto⁠

Confidence Medium

Six-pillar profile for TXXD. Scores out of 100: Cost 46, Risk 38, Mission not scored, Tradability 36, Holdings not scored, Durability 30. Strongest: Cost (46). Weakest: Durability (30). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned41This cap took−1Published score40 Grade D

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 46
    Category rank7/15 · top 47%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 38
    Category rank11/15 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 36
    Category rank10/15 · 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.
    DScore 30
    Category rank10/15 · mid-pack

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on TXXD

ETF.net Research

DThe 2x wrappers came for Bitcoin and Ether first. This one points the same machinery at the meme coin: twice Dogecoin's daily price move, held in a brokerage account, reset at every NAV.

Stated mandate

The fund seeks daily, before-fee-and-expense returns equal to twice Dogecoin's daily price performance, measured from one NAV calculation to the next. It is not designed to achieve that objective over periods longer than one day.

Why people hold it

  1. 01Aims for twice Dogecoin's daily price move, measured from one NAV to the next. No exchange account, no wallet, no private keys to guard.21shares.com
  2. 02The leverage lives inside the fund, so there is no margin account, no borrowing rate to track and no maintenance call to answer.cdn.21shares.com
  3. 03The 1.89% annual fee sits in the normal range for single-coin 2x funds, not at the top of it.
  4. 04One job, one reference asset: Dogecoin exposure from 21Shares, a crypto-only issuer, with nothing else bolted onto the portfolio.

Worth knowing

  1. 01The 2x target is a one-day target. Hold longer and daily compounding takes over, so multi-day results can drift well away from twice Dogecoin's move.cdn.21shares.com
  2. 02It is a commodity pool, not a standard 1940 Act stock fund, so the structure, disclosures and tax paperwork work differently.cdn.21shares.com
  3. 03Launched in late 2025 and still a small fund, it trades lighter than the established 2x Bitcoin and Ether names (BITU, ETHT), which can show up in spreads.

TXXD Holdings

As of Sep 20, 2026, 6:36 AM
Asset class
Other
Holdings
—
Top-10 weight
100%
Largest holding
Dogecoin Futures Sep2666.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Dogecoin Futures Sep2666.66%18,763$8M1
002—Cash & Other29.14%3,351,948$3M674
003—US BANK MMDA - USBGFS 9 09/01/20374.20%483,709$484K161

Showing 1–3 of 3 holdings

TXXD Performance

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

TXXD$4,203
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. TXXD $4,203. SPY $11,430. Use the arrow keys to read each point.$1,092$9,129$17,166Dec 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 TXXD. Periods over one year show the average yearly return.
PeriodTXXD
Year to date−58.0%
1 month+29.8%
3 months+25.8%
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 TXXD
YearReturn barTXXD
2026 YTD−58.0%
2025−47.1%

Since listing, Nov 20, 2025

TXXD in the news

TXXD 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.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.03 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. Feb 25, 2026 $0.03. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Feb 25, 2026Feb 26, 2026$0.03

TXXD 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.
3.54
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.

TXXD Cost

Expense ratio1.89%
  • The middle half of 2x Long Crypto funds
  • Median 1.89%

6 of the 15 2x Long Crypto funds charge less.

TXXD costs $189.00 a year on $10,000. The median 2x Long Crypto fund costs $189.00.