T-REX 2X Long NVIDIA Daily Target ETF (NVDX)
The ETF aims to provide 200% daily exposure to NVDA by investing in swap agreements with major financial institutions. It is non-diversified and seeks to exchange returns on NVDA investments equal to double the fund's net asset value on a daily basis.
ETF Info
| CUSIP | 26923N819 |
|---|---|
| Issuer | REX Shares |
| Inception Date | Oct 19, 2023 |
| Category | Leveraged Equities |
| Leveraged | 2x |
| Index Tracked | No Index (Active) |
| Home Page | www.rexshares.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
NVDX has a high expense ratio of 1.05%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: NVDX vs. NVDL, NVDX vs. NVDA, NVDX vs. NVDY, NVDX vs. nvdu, NVDX vs. TQQQ, NVDX vs. USD, NVDX vs. SOXL, NVDX vs. NVDU, NVDX vs. QQQ, NVDX vs. XLK
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T-REX 2X Long NVIDIA Daily Target ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
T-REX 2X Long NVIDIA Daily Target ETF had a return of 500.48% year-to-date (YTD) and 483.46% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 500.48% | 25.48% |
| 1 month | 9.67% | 2.14% |
| 6 months | 89.80% | 12.76% |
| 1 year | 483.46% | 33.14% |
| 5 years (annualized) | N/A | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of NVDX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 51.03% | 59.96% | 26.28% | -12.33% | 55.96% | 22.61% | -14.55% | -1.94% | -0.28% | 16.64% | 500.48% | ||
| 2023 | -7.15% | 29.80% | 10.06% | 32.65% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of NVDX is 88, placing it in the top 12% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T-REX 2X Long NVIDIA Daily Target ETF (NVDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the T-REX 2X Long NVIDIA 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 NVIDIA Daily Target ETF was 51.26%, occurring on Aug 7, 2024. The portfolio has not yet recovered.
The current T-REX 2X Long NVIDIA Daily Target ETF drawdown is 4.08%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -51.26% | Jun 20, 2024 | 34 | Aug 7, 2024 | — | — | — |
| -37.65% | Mar 26, 2024 | 18 | Apr 19, 2024 | 24 | May 23, 2024 | 42 |
| -19.4% | Nov 21, 2023 | 9 | Dec 4, 2023 | 23 | Jan 8, 2024 | 32 |
| -16.89% | Feb 15, 2024 | 4 | Feb 21, 2024 | 1 | Feb 22, 2024 | 5 |
| -15.05% | Oct 25, 2023 | 2 | Oct 26, 2023 | 6 | Nov 3, 2023 | 8 |
Volatility
Volatility Chart
The current T-REX 2X Long NVIDIA Daily Target ETF volatility is 20.27%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.