- CUSIP
- 26923N819
- Issuer
- REX
- Inception Date
- Oct 19, 2023
- 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
- $395M
Highlights
- Avg. Volume (1M)
- 7M
- Avg. Volume Value (1M)
- $115.30M
Share Price Chart
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Performance
NVDX Performance Chart
T-REX 2X Long NVIDIA Daily Target ETF (NVDX) is down 2.7% since the beginning of the year. NVDX is currently trading at $17 per share.
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Returns By Period
T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has returned -2.69% so far this year and -0.09% over the past 12 months.
T-REX 2X Long NVIDIA Daily Target ETF
- 1D
- 5.58%
- 1M
- 3.93%
- 6M
- -5.82%
- YTD
- -2.69%
- 1Y
- -0.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 107.47%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
NVDX Monthly Returns History
Based on dividend-adjusted daily data since Oct 19, 2023, NVDX's average daily return is +0.47%, while the average monthly return is +8.52%. At this rate, an investment would double in approximately 0.7 years.
Historically, 56% of months were positive and 44% were negative. The best month was Feb 2024 with a return of +60.0%, while the worst month was Mar 2025 at -27.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, NVDX closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +36.3%, while the worst single day was Jan 27, 2025 at -33.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.33% | -16.73% | -5.43% | 28.03% | 9.34% | -12.92% | -1.88% | -2.69% | |||||
| 2025 | -26.43% | 4.47% | -27.60% | -7.06% | 49.38% | 34.77% | 24.05% | -5.81% | 12.16% | 14.82% | -25.54% | 8.23% | 26.24% |
| 2024 | 51.03% | 59.96% | 26.28% | -12.33% | 55.96% | 22.61% | -14.55% | -1.94% | -0.28% | 16.64% | 5.77% | -8.20% | 384.03% |
| 2023 | -10.36% | 29.80% | 10.06% | 28.06% |
Benchmark Metrics
T-REX 2X Long NVIDIA Daily Target ETF has an annualized alpha of 35.13%, beta of 4.19, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since October 19, 2023.
- This ETF captured 679.91% of S&P 500 Index gains and 247.89% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.46 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
- 35.13%
- Beta
- 4.19
- R²
- 0.46
- Upside Capture
- 679.91%
- Downside Capture
- 247.89%
Expense Ratio
NVDX has a high expense ratio of 1.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NVDX ranks 12 for risk / return — above 12% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for T-REX 2X Long NVIDIA Daily Target ETF (NVDX) 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.
| NVDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.25 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 2.00 | -2.12 |
| Martin ratioReturn relative to average drawdown | -0.22 | 8.49 | -8.71 |
Dividends
Dividend History
T-REX 2X Long NVIDIA Daily Target ETF provided a 3.44% dividend yield over the last twelve months, with an annual payout of $0.57 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.57 | $0.57 | $2.17 |
Dividend yield | 3.44% | 3.35% | 15.48% |
Monthly Dividends
The table displays the monthly dividend distributions for T-REX 2X Long NVIDIA 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 | $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 | $0.57 | $0.57 |
| 2024 | $2.17 | $2.17 |
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 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 68.19%, occurring on Apr 4, 2025. Recovery took 79 trading sessions.
The current T-REX 2X Long NVIDIA Daily Target ETF drawdown is 32.22%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-68.19%Apr 2025 | 9mo 18d | 3mo 27d | 1y 1moJun 2024 - Jul 2025 | 2025 selloff2025 |
-43.76%Mar 2026 | 5mo 1d | 1mo 14d | 6mo 15dOct 2025 - May 2026 | — |
-39.10%Jul 2026 | 2mo 15d | — | 2mo 20dMay 2026 - now | — |
-37.65%Apr 2024 | 24d | 1mo 4d | 1mo 28dMar 2024 - May 2024 | — |
-19.40%Dec 2023 | 13d | 1mo 5d | 1mo 18dNov 2023 - Jan 2024 | — |
Drawdown Indicators
| NVDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.19% | -56.78% | -11.41% |
Max Drawdown (1Y)Largest decline over 1 year | -43.76% | -9.10% | -34.66% |
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 | -32.22% | -1.58% | -30.64% |
Average DrawdownAverage peak-to-trough decline | -20.74% | -10.70% | -10.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.46% | 2.14% | +20.32% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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