- Issuer
- T-Rex
- Inception Date
- Jul 24, 2025
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
SMUP Performance Chart
T-REX 2X Long SMR Daily Target ETF (SMUP) is down 60.9% since the beginning of the year. SMUP is currently trading at $9 per share.
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Returns By Period
T-REX 2X Long SMR Daily Target ETF
- 1D
- 25.48%
- 1M
- -4.00%
- YTD
- -60.94%
- 6M
- -69.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
SMUP Monthly Returns History
Based on dividend-adjusted daily data since Jul 25, 2025, SMUP's average daily return is -0.94%, while the average monthly return is -17.90%.
Historically, 33% of months were positive and 67% were negative. The best month was Jan 2026 with a return of +37.7%, while the worst month was Nov 2025 at -82.8%. The longest winning streak lasted 1 consecutive months, and the longest losing streak was 2 months.
On a daily basis, SMUP closed higher 45% of trading days. The best single day was Sep 19, 2025 with a return of +46.3%, while the worst single day was Nov 6, 2025 at -27.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 37.74% | -51.14% | -33.75% | 17.62% | -3.68% | -22.67% | -60.94% | ||||||
| 2025 | 1.31% | -56.20% | -1.23% | 34.42% | -82.76% | -54.49% | -95.38% |
Benchmark Metrics
T-REX 2X Long SMR Daily Target ETF has an annualized alpha of -97.76%, beta of 7.86, and R2 of 0.24 versus S&P 500 Index. Calculated based on daily prices since July 25, 2025.
- This ETF participated in 529.84% of S&P 500 Index downside but only -188.07% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.24 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -97.76%
- Beta
- 7.86
- R²
- 0.24
- Upside Capture
- -188.07%
- Downside Capture
- 529.84%
Expense Ratio
SMUP has a high expense ratio of 1.50%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for T-REX 2X Long SMR Daily Target ETF (SMUP) 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.
| SMUP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
Dividends
Dividend History
T-REX 2X Long SMR Daily Target ETF provided a 57.83% dividend yield over the last twelve months, with an annual payout of $5.27 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $5.27 | $5.27 |
Dividend yield | 57.83% | 22.59% |
Monthly Dividends
The table displays the monthly dividend distributions for T-REX 2X Long SMR 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 | $5.27 | $5.27 |
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 SMR 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 SMR Daily Target ETF was 98.91%, occurring on Jun 10, 2026. The portfolio has not yet recovered.
The current T-REX 2X Long SMR Daily Target ETF drawdown is 98.33%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -98.91%Jun 2026 | 10mo 17d | — | 10mo 29dJul 2025 - now |
Drawdown Indicators
| SMUP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.91% | -56.78% | -42.13% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
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 | -98.33% | -2.49% | -95.84% |
Average DrawdownAverage peak-to-trough decline | -79.76% | -10.72% | -69.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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