- Issuer
- T-Rex
- Inception Date
- Jan 10, 2024
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $12M
Share Price Chart
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Performance
AAPX Performance Chart
T-Rex 2X Long Apple Daily Target ETF (AAPX) is up 6.4% since the beginning of the year. AAPX is currently trading at $32 per share.
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Returns By Period
T-Rex 2X Long Apple Daily Target ETF (AAPX) has returned 6.37% so far this year and 81.12% over the past 12 months.
T-Rex 2X Long Apple Daily Target ETF
- 1D
- -2.78%
- 1M
- -6.59%
- YTD
- 6.37%
- 6M
- -0.13%
- 1Y
- 81.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- -0.17%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 22.93%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
AAPX Monthly Returns History
Based on dividend-adjusted daily data since Jan 11, 2024, AAPX's average daily return is +0.14%, while the average monthly return is +2.34%. At this rate, an investment would double in approximately 2.5 years.
Historically, 57% of months were positive and 43% were negative. The best month was May 2026 with a return of +30.8%, while the worst month was Mar 2025 at -17.2%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 4 months.
On a daily basis, AAPX closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +29.8%, while the worst single day was Apr 3, 2025 at -18.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -10.55% | 2.62% | -8.93% | 12.79% | 30.77% | -13.73% | 6.37% | ||||||
| 2025 | -12.70% | 3.62% | -17.16% | -13.48% | -12.37% | 3.38% | 1.69% | 22.72% | 18.55% | 11.34% | 5.32% | -6.71% | -4.95% |
| 2024 | -0.28% | -5.94% | -11.02% | -2.10% | 25.16% | 17.71% | 9.40% | 4.61% | 2.25% | -7.40% | 9.83% | 10.69% | 58.57% |
Benchmark Metrics
T-Rex 2X Long Apple Daily Target ETF has an annualized alpha of -9.21%, beta of 2.25, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since January 11, 2024.
- This ETF participated in 199.86% of S&P 500 Index downside but only 174.11% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.42 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -9.21%
- Beta
- 2.25
- R²
- 0.42
- Upside Capture
- 174.11%
- Downside Capture
- 199.86%
Expense Ratio
AAPX has a high expense ratio of 1.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
AAPX ranks 55 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for T-Rex 2X Long Apple Daily Target ETF (AAPX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AAPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.34 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 2.53 | +0.18 |
| Martin ratioReturn relative to average drawdown | 6.37 | 11.37 | -5.00 |
Dividends
Dividend History
T-Rex 2X Long Apple Daily Target ETF provided a 0.63% dividend yield over the last twelve months, with an annual payout of $0.20 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.20 | $0.20 | $6.93 |
Dividend yield | 0.63% | 0.67% | 21.46% |
Monthly Dividends
The table displays the monthly dividend distributions for T-Rex 2X Long Apple Daily Target ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2024 | $6.93 | $6.93 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the T-Rex 2X Long Apple Daily Target ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T-Rex 2X Long Apple Daily Target ETF was 58.55%, occurring on Apr 8, 2025. Recovery took 164 trading sessions.
The current T-Rex 2X Long Apple Daily Target ETF drawdown is 15.35%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -58.55%Apr 2025 | 3mo 12d | 7mo 28d | 11mo 10dDec 2024 - Dec 2025 |
2024 bear market2024 | -31.43%Apr 2024 | 2mo 26d | 1mo 23d | 4mo 19dJan 2024 - Jun 2024 |
2026 bear market2026 | -30.12%Mar 2026 | 3mo 27d | 1mo 14d | 5mo 11dDec 2025 - May 2026 |
2024 bear market2024 | -23.33%Aug 2024 | 20d | 3mo 29d | 4mo 19dJul 2024 - Dec 2024 |
2026 correction2026 | -15.82%Jun 2026 | 6d | — | 10d 18hJun 2026 - now |
Drawdown Indicators
| AAPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.55% | -56.78% | -1.77% |
Max Drawdown (1Y)Largest decline over 1 year | -30.12% | -9.10% | -21.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -15.35% | -2.34% | -13.01% |
Average DrawdownAverage peak-to-trough decline | -19.23% | -10.72% | -8.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.77% | 2.02% | +10.75% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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