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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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
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 449.55% | 16.08% |
| 1 month | 20.34% | 4.80% |
| 6 months | 497.66% | 17.69% |
| 1 year | N/A | 24.27% |
| 5 years (annualized) | N/A | 13.15% |
| 10 years (annualized) | N/A | 10.82% |
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% | 449.55% | ||||||
| 2023 | -7.15% | 29.80% | 10.06% | 32.65% |
Risk-Adjusted Performance
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.
Not enough dataDividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 37.65%, occurring on Apr 19, 2024. Recovery took 24 trading sessions.
The current T-REX 2X Long NVIDIA Daily Target ETF drawdown is 12.21%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -37.65% | Mar 26, 2024 | 18 | Apr 19, 2024 | 24 | May 23, 2024 | 42 |
| -25.06% | Jun 20, 2024 | 3 | Jun 24, 2024 | — | — | — |
| -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 30.74%, 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.