- 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
- $498M
Share Price Chart
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Performance
NVDX Performance Chart
T-REX 2X Long NVIDIA Daily Target ETF (NVDX) is up 8.6% since the beginning of the year. NVDX is currently trading at $19 per share.
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Returns By Period
T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has returned 8.64% so far this year and 58.04% over the past 12 months.
T-REX 2X Long NVIDIA Daily Target ETF
- 1D
- -1.74%
- 1M
- -8.51%
- YTD
- 8.64%
- 6M
- 11.25%
- 1Y
- 58.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
NVDX Monthly Returns History
Based on dividend-adjusted daily data since Oct 19, 2023, NVDX's average daily return is +0.50%, while the average monthly return is +9.09%. At this rate, an investment would double in approximately 0.7 years.
Historically, 58% of months were positive and 42% 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% | -4.62% | 8.64% | ||||||
| 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 41.51%, 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 220.42% 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
- 41.51%
- Beta
- 4.19
- R²
- 0.46
- Upside Capture
- 679.91%
- Downside Capture
- 220.42%
Expense Ratio
NVDX has a high expense ratio of 1.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NVDX ranks 26 for risk / return — below 26% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by 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 | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 2.78 | -1.45 |
| Martin ratioReturn relative to average drawdown | 2.91 | 12.44 | -9.53 |
Dividends
Dividend History
T-REX 2X Long NVIDIA Daily Target ETF provided a 3.08% 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 | 3.08% | 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 | ||||||
| 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 24.33%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -68.19%Apr 2025 | 9mo 18d | 3mo 27d | 1y 1moJun 2024 - Jul 2025 |
2026 bear market2026 | -43.76%Mar 2026 | 5mo 1d | 1mo 14d | 6mo 15dOct 2025 - May 2026 |
2024 bear market2024 | -37.65%Apr 2024 | 24d | 1mo 4d | 1mo 28dMar 2024 - May 2024 |
2026 bear market2026 | -29.62%Jun 2026 | 26d | — | 1mo 9dMay 2026 - now |
2023 correction2023 | -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 | -24.33% | -1.80% | -22.53% |
Average DrawdownAverage peak-to-trough decline | -20.33% | -10.71% | -9.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.99% | 2.03% | +17.96% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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