AKAL seeks 200% of the daily performance of Akamai Technologies (Nasdaq: AKAM), the cloud security and content delivery company that powers and protects much of the internet.

OCNL seeks 200% of the daily performance of DigitalOcean (NYSE: DOCN), the cloud computing platform built for developers, startups, and growing businesses.

PENU seeks 200% of the daily performance of Penguin Solutions (Nasdaq: PENG), an AI and high-performance computing infrastructure company.

“The AI buildout doesn’t stop at chips – it runs on the cloud, the networks, and the systems behind them,” said Greg King, Founder and CEO of REX. “AKAL, OCNL, and PENU give traders 2x daily long exposure to three of the companies powering that infrastructure.”

“One theme, three of the names driving it,” added Matt Tuttle, CEO and CIO of TCM. “AKAL, OCNL, and PENU are designed to give traders a 2x daily tool to express a high-conviction view on Akamai, DigitalOcean, or Penguin Solutions.”

Investing in the Funds is not equivalent to investing directly in AKAM, DOCN, or PENG.

For full fund information, holdings, and risk disclosures, visit rexshares.com.

About T-REX 

The T-REX lineup is a partnership between REX Shares and Tuttle Capital Management. T-REX is redefining single-stock ETFs with first-to-market leveraged and inverse exposures. Built to deliver 2x and -2x daily performance on some of the market’s most dynamic companies, T-REX funds give traders powerful tools to express high-conviction views. From being the first to launch 2x ETFs on Tesla (TSLT) and Nvidia (NVDX), to pioneering the first leveraged ETFs tied to spot Bitcoin (BTCL), T-REX continues to set the pace in ETF innovation. With more than 40 products already trading, the suite is constantly expanding to meet evolving investor demand for tactical, high-impact exposures. For more information, visit rexshares.com. 

About REX Shares 

REX Shares offers a suite of exchange-traded products built for both active traders and long-term investors, spanning income, crypto, thematic, and leveraged strategies. Whether making short-term trades, generating income from volatility, or investing in digital assets and emerging themes like drones, REX empowers investors to act on strong market views. 

For more information, please visit rexshares.com. 

About Tuttle Capital Management 

Tuttle Capital Management is a leader in thematic and actively managed ETFs, leveraging an agile investment approach to align with market trends. Please visit www.tuttlecap.com for more information. 

For media inquiries, please contact: 
Gregory for REX — rexfin@gregoryagency.com 
Matthew Tuttle for Tuttle Capital — mtuttle@TuttleCap.com 

–

Investing in the funds involves significant risk and is for sophisticated investors. The Funds are not suitable for all investors. The Funds are designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. The Funds are not intended to be used by, and are not appropriate for, investors who do not intend to actively monitor and manage their portfolios. For periods longer than a single day, a Fund will lose money if the underlying stock’s performance is flat, and it is possible that a Fund will lose money even if the underlying stock’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day if the price of the underlying stock falls by more than 50% in one trading day.

These ETFs do not invest directly in the referenced asset and have a higher degree of risk since they are seeking to track a single stock or asset.

Investors should consider the investment objectives, risk, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the T-REX ETFs please call 1-844-802-4004 or visit our website at rexshares.com. Read the prospectus and summary prospectus carefully before investing.

There is no guarantee that the Funds will achieve their investment objectives. Investing involves risk, including possible loss of principal.

Important Risks

Investing in a T-REX ETF may be more volatile than investing in broadly diversified funds. The use of leverage by a Fund increases the risk to the Fund. The T-REX ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged, or daily inverse leveraged, investment results and intend to actively monitor and manage their investment.

An investment in the Fund entails risk. The Fund may not achieve its leveraged investment objective and there is a risk that you could lose all of your money invested in the Fund. The Fund is not a complete investment program. In addition, the Fund presents risks not traditionally associated with other mutual funds and ETFs. It is important that investors closely review all of the risks listed below and understand them before making an investment in the Fund.

Effects of Compounding and Market Volatility Risk. The Funds have a daily leveraged investment objective and the Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is very likely to differ from 200% of the underlying’s performance, before fees and expenses. Compounding affects all investments, but has a more significant impact on funds that are leveraged and that rebalance daily and becomes more pronounced as volatility and holding periods increase. The impact of compounding will impact each shareholder differently depending on the period of time an investment in the Fund is held and the volatility of the underlying stock during the shareholder’s holding period of an investment in the Fund.

Leverage Risk. The Funds obtain investment exposure in excess of their net assets by utilizing leverage and may lose more money in market conditions that are adverse to their investment objective than a fund that does not utilize leverage. An investment in these Funds is exposed to the risk that a decline in the daily performance of the underlying stock will be magnified. This means that an investment in a Fund will be reduced by an amount equal to 2% for every 1% daily decline in the underlying, not including the costs of financing leverage and other operating expenses, which would further reduce its value.

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. Investing in derivatives may be considered aggressive and may expose the Fund to greater risks, and may result in larger losses or smaller gains, than investing directly in the reference assets underlying those derivatives, which may prevent the Fund from achieving its investment objective.

Swap Agreements. Swap agreements are entered into primarily with major global financial institutions for a specified period which may range from one day to more than one year. In a standard swap transaction, two parties agree to exchange the return (or differentials in rates of return) earned or realized on particular predetermined reference or underlying securities or instruments. Swap agreements are generally traded over-the-counter, and therefore, may not receive regulatory protection, which may expose investors to significant losses.

Rebalancing Risk. If for any reason the Fund is unable to rebalance all or a part of its portfolio, or if all or a portion of the portfolio is rebalanced incorrectly, the Fund’s investment exposure may not be consistent with its investment objective. In these instances, the Fund may have investment exposure to the underlying stock that is significantly greater or significantly less than its stated multiple. The Fund may be more exposed to leverage risk than if it had been properly rebalanced and may not achieve its investment objective, leading to significantly greater losses or reduced gains.

Counterparty Risk. A counterparty may be unwilling or unable to make timely payments to meet its contractual obligations or may fail to return holdings that are subject to the agreement with the counterparty.

Liquidity Risk. Holdings of the Funds may be difficult to buy or sell or may be illiquid, particularly during times of market turmoil. Illiquid securities may be difficult to value, especially in changing or volatile markets. If the Fund is forced to buy or sell an illiquid security or derivative instrument at an unfavorable time or price, the Fund may be adversely impacted. There is no assurance that a security or derivative instrument that is deemed liquid when purchased will continue to be liquid. Market illiquidity may cause losses for the Fund.

Non-Diversification Risk. The Fund is classified as “non-diversified” under the Investment Company Act of 1940, as amended. This means it has the ability to invest a relatively high percentage of its assets in the securities of a small number of issuers or in financial instruments with a single counterparty or a few counterparties.

New Fund Risk. As of the date of this press release, the Fund has no operating history and currently has fewer assets than larger funds.

Underlying Security Investing Risk. Issuer-specific attributes may cause an investment held by the Fund to be more volatile than the market generally. The value of an individual security or particular type of security may be more volatile than the market as a whole and may perform differently from the value of the market as a whole.

The Funds’ investment adviser will not attempt to position each Fund’s portfolio to ensure that a Fund does not gain or lose more than a maximum percentage of its net asset value on a given trading day. As a consequence, if a Fund’s underlying security moves more than 50%, as applicable, on a given trading day in a direction adverse to the Fund, the Fund’s investors would lose all of their money.

Distributor: Foreside Fund Services, LLC, member FINRA, not affiliated with REX Shares or the Funds’ investment adviser.

The post REX Shares Launches T-REX 2X AKAM (AKAL), 2X DOCN (OCNL) & 2X PENG (PENU) ETFs appeared first on REX Shares.

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The T-REX 2X Inverse DRAM Daily Target ETF is designed to seek daily investment results of -200% of the daily performance of DRAM, giving traders a precision tool to express bearish views on, or tactically position around, the memory semiconductor sector powering the AI infrastructure buildout. With the launch of RAMZ, T-REX now offers leveraged exposure to DRAM on both sides of the trade: 2x long through RAM and 2x inverse through RAMZ, giving traders a two-sided toolkit for the memory semiconductor names, including Samsung Electronics, SK Hynix, and Micron Technology, at the center of the AI infrastructure buildout. The pair joins a T-REX lineup built on Memory stock exposures, including 2x long SanDisk (SNDU) and 2x long SK Hynix (HYNX). 

“Memory has been one of the fastest-moving trades of the AI era, and fast-moving trades cut both ways,” said Greg King, Founder and CEO of REX. “With RAMZ alongside RAM, traders now have tools to act on high-conviction views on Memory stocks in either direction.” 

“Two-sided markets need two-sided tools,” added Matt Tuttle, CEO and CIO of TCM. “Memory stocks have seen explosive moves, and volatility like that creates conviction on the short side as well as the long side. RAMZ gives traders an avenue to express that view with -2x daily precision.” 

Investing in the Fund is not equivalent to investing directly in DRAM.

For full fund information, holdings, and risk disclosures, visit rexshares.com.

About T-REX 

T-REX is a joint venture between REX Shares and Tuttle Capital Management. T-REX is redefining single-stock ETFs with first-to-market leveraged and inverse exposures. Built to deliver 2x and -2x daily performance on some of the market’s most dynamic companies, T-REX funds give traders powerful tools to express high-conviction views. From being the first to launch 2x and -2x ETFs on Tesla (TSLT) and Nvidia (NVDX), to pioneering 2x leveraged exposure to the SpaceX IPO (SPAX), T-REX continues to set the pace in ETF innovation. With more than 40 products already trading, the suite is constantly expanding to meet evolving investor demand for tactical, high-impact exposures. For more information, visit rexshares.com.

About REX Shares 

REX Shares offers a suite of exchange-traded products built for both active traders and long-term investors, spanning income, leveraged, thematic, and crypto strategies. Whether making short-term trades, generating income from volatility, or investing in digital assets and emerging themes like drones, REX empowers investors to act on strong market views. 

For more information, please visit rexshares.com. 

About Tuttle Capital Management 

Tuttle Capital Management is a leader in thematic and actively managed ETFs, leveraging an agile investment approach to align with market trends. Please visit www.tuttlecap.com for more information. 

For media inquiries, please contact: 
Gregory for REX — rexfin@gregoryagency.com 
Matthew Tuttle for Tuttle Capital — mtuttle@TuttleCap.com 

–

Investing in the fund involves significant risk and is for sophisticated investors. The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily inverse leveraged (-2X) investment results, understand the risks associated with the use of leverage and shorting, and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. For periods longer than a single day, the Fund will lose money if DRAM’s performance is flat, and it is possible that the Fund will lose money even if DRAM’s performance decreases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day if the price of DRAM rises by more than 50% in one trading day. 

Investing in the Fund is not equivalent to investing directly in DRAM or to taking a short position in DRAM. 

For full fund information, holdings, and risk disclosures, visit rexshares.com/ramz. 

This ETF does not invest directly in the referenced asset and has a higher degree of risk since it is seeking to track the inverse performance of a single asset. 

Investors should consider the investment objectives, risk, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the T-REX ETFs please call 1-844-802-4004 or visit our website at rexshares.com. Read the prospectus and summary prospectus carefully before investing. 

There is no guarantee that the Fund will achieve its investment objective. Investing involves risk, including possible loss of principal. 

Important Risks 

Investing in a T-REX ETF may be more volatile than investing in broadly diversified funds. The use of leverage by a Fund increases the risk to the Fund. The T-REX ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged, or daily inverse leveraged, investment results and intend to actively monitor and manage their investment. 

An investment in the Fund entails risk. The Fund may not achieve its inverse leveraged investment objective and there is a risk that you could lose all of your money invested in the Fund. The Fund is not a complete investment program. In addition, the Fund presents risks not traditionally associated with other mutual funds and ETFs. It is important that investors closely review all of the risks listed below and understand them before making an investment in the Fund. 

Effects of Compounding and Market Volatility Risk. The Fund has a daily inverse leveraged investment objective and the Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is very likely to differ from -200% of DRAM’s performance, before fees and expenses. Compounding affects all investments, but has a more significant impact on funds that are inverse leveraged and that rebalance daily and becomes more pronounced as volatility and holding periods increase. 

Leverage Risk. The Fund obtains investment exposure in excess of its net assets by utilizing leverage and may lose more money in market conditions that are adverse to its investment objective than a fund that does not utilize leverage. An investment in the Fund is exposed to the risk that an increase in the daily performance of DRAM will be magnified. This means that an investment in the Fund will be reduced by an amount equal to 2% for every 1% daily gain in DRAM, not including the costs of financing leverage and other operating expenses. 

Inverse Exposure Risk. The Fund seeks daily inverse leveraged investment results, which means the Fund is designed to rise when DRAM falls and to fall when DRAM rises, on a daily basis. Unlike a direct short position, the Fund’s inverse exposure resets daily, and shareholders may lose money when DRAM rises, an outcome that is opposite from traditional funds. 

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets. Investing in derivatives may be considered aggressive and may expose the Fund to greater risks, and may result in larger losses or small gains, than investing directly in the reference assets, which may prevent the Fund from achieving its investment objective. 

Indirect Investment Risk. Roundhill Memory ETF is not affiliated with the Trust, the Adviser, or any affiliates thereof and is not involved with this offering in any way. Investing in the Fund is not equivalent to investing in DRAM or to taking a short position in DRAM. 

Industry Concentration Risk. The Fund will be concentrated in the industries to which the companies held by the Roundhill Memory ETF are assigned. Those companies are currently assigned to the technology sector and the computer hardware industry. 

Non-Diversification Risk. The Fund is classified as “non-diversified” under the Investment Company Act of 1940, as amended. This means it has the ability to invest a relatively high percentage of its assets in the securities of a small number of issuers or in financial instruments with a single counterparty or a few counterparties. 

New Fund Risk. As of the date of this press release, the Fund has no operating history and currently has fewer assets than larger funds. 

Distributor: Foreside Fund Services, LLC, member FINRA, not affiliated with REX Shares or the Funds’ investment advisor.

The post T-REX Announces Launch of 2X Inverse DRAM ETF (RAMZ) appeared first on REX Shares.

The post Roundhill T-REX 2X Long DRAM Daily Target ETF (RAM) Debuts with Largest Day-One Trading Volume of Any U.S.-Listed Leveraged or Inverse ETF appeared first on REX Shares.

The collaboration pairs T-REX’s leadership in leveraged single-stock ETFs with Roundhill’s track record of building category-defining, first-to-market funds, including DRAM itself. The Roundhill T-REX 2X Long DRAM Daily Target ETF is designed to seek daily investment results of 200% of the daily performance of DRAM, giving traders a precision tool to express high-conviction views on the memory semiconductor sector powering the AI infrastructure buildout.

“Memory has become one of the most important trades of the AI era, where surging demand collides with constrained supply,” said Greg King, Founder and CEO of REX. “We are excited to partner with Roundhill to provide investors with an additional tool to trade exposure to Memory stocks.”

“DRAM became one of the most successful ETF launches in history because investors recognized memory as a structural AI trade, not a passing fad. RAM builds on that momentum and gives traders a leveraged way to act on a theme Roundhill helped define, backed by the T-REX team’s expertise in leveraged products.” said Dave Mazza, CEO of Roundhill Investments.

“Memory is exactly the kind of high-conviction theme T-REX was built for,” added Matt Tuttle, CEO and CIO of TCM. “Bringing 2x daily leverage to one of the fastest-growing ETFs in history gives traders an avenue to express conviction on the memory semiconductor theme.”

DRAM, launched on April 2, 2026, provides targeted exposure to global memory semiconductor companies, including manufacturers of DRAM, High-Bandwidth Memory (HBM), NAND flash memory, and solid-state storage devices, that sit at the critical intersection of AI demand and constrained supply. Memory semiconductors have emerged as a key bottleneck in large-scale AI training and inference, and DRAM provides investors access to global leaders including Samsung Electronics, SK Hynix, and Micron Technology that are not easily accessible through broad semiconductor funds that do not offer more targeted exposure.

Citibank will serve as custodian, transfer agent, and fund accountant for the fund.

About T-REX

T-REX is a joint venture between REX Shares and Tuttle Capital Management. T-REX is redefining single-stock ETFs with first-to-market leveraged and inverse exposures. Built to deliver 2x and -2x daily performance on some of the market’s most dynamic companies, T-REX funds give traders powerful tools to express high-conviction views. From being the first to launch 2x and -2x ETFs on Tesla (TSLT) and Nvidia (NVDX), to pioneering 2x leveraged exposure to the SpaceX IPO (SPAX), T-REX continues to set the pace in ETF innovation. With more than 40 products already trading, the suite is constantly expanding to meet evolving investor demand for tactical, high-impact exposures. For more information, visit rexshares.com.

About REX Shares

REX Shares offers a suite of exchange-traded products built for both active traders and long-term investors, spanning income, crypto, thematic, and leveraged strategies. Whether making short-term trades, generating income from volatility, or investing in digital assets and emerging themes like drones, REX empowers investors to act on strong market views.

For more information, please visit rexshares.com.

About Roundhill Investments

Founded in 2018, Roundhill Investments is an SEC-registered investment advisor focused on innovative exchange-traded funds. Roundhill’s suite of ETFs offers unique and differentiated exposures across thematic equity, options income, and trading vehicles. Roundhill offers a depth of ETF knowledge and experience, as the team has collectively launched more than 100+ ETFs including several first-to-market products.

About Tuttle Capital Management

Tuttle Capital Management is a leader in thematic and actively managed ETFs, leveraging an agile investment approach to align with market trends. Please visit www.tuttlecap.com for more information.

For media inquiries, please contact:

Gregory for REX

rexfin@gregoryagency.com

Important Information

Investing in the Fund is not equivalent to investing directly in DRAM.

For full fund information, holdings, and risk disclosures, visit rexshares.com/ram.

Investing in the fund involves significant risk and is for sophisticated investors. The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. For periods longer than a single day, the Fund will lose money if DRAM’s performance is flat, and it is possible that the Fund will lose money even if DRAM’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day if the price of DRAM falls by more than 50% in one trading day.

This ETF does not invest directly in the referenced asset and has a higher degree of risk since it is seeking to track a single asset.

Investors should consider the investment objectives, risk, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the T-REX ETFs please call 1-844-802-4004 or visit our website at rexshares.com. Read the prospectus and summary prospectus carefully before investing.

There is no guarantee that the Fund will achieve its investment objective. Investing involves risk, including possible loss of principal.

Important Risks

Investing in a T-REX ETF may be more volatile than investing in broadly diversified funds. The use of leverage by a Fund increases the risk to the Fund. The T-REX ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged, or daily inverse leveraged, investment results and intend to actively monitor and manage their investment.

An investment in the Fund entails risk. The Fund may not achieve its leveraged investment objective and there is a risk that you could lose all of your money invested in the Fund. The Fund is not a complete investment program. In addition, the Fund presents risks not traditionally associated with other mutual funds and ETFs. It is important that investors closely review all of the risks listed below and understand them before making an investment in the Fund.

Effects of Compounding and Market Volatility Risk. The Fund has a daily leveraged investment objective and the Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is very likely to differ from 200% of DRAM’s performance, before fees and expenses. Compounding affects all investments, but has a more significant impact on funds that are leveraged and that rebalance daily and becomes more pronounced as volatility and holding periods increase.

Leverage Risk. The Fund obtains investment exposure in excess of its net assets by utilizing leverage and may lose more money in market conditions that are adverse to its investment objective than a fund that does not utilize leverage. An investment in the Fund is exposed to the risk that a decline in the daily performance of DRAM will be magnified. This means that an investment in the Fund will be reduced by an amount equal to 2% for every 1% daily decline in DRAM, not including the costs of financing leverage and other operating expenses.

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets. Investing in derivatives may be considered aggressive and may expose the Fund to greater risks, and may result in larger losses or small gains, than investing directly in the reference assets, which may prevent the Fund from achieving its investment objective.

Indirect Investment Risk. Roundhill Memory ETF is not affiliated with the Trust, the Adviser, or any affiliates thereof and is not involved with this offering in any way. Investing in the Fund is not equivalent to investing in DRAM.

Industry Concentration Risk. The Fund will be concentrated in the industry to which Roundhill Memory ETF is assigned. As of the date of this prospectus, DRAM is assigned to the technology sector and the computer hardware industry.

Non-Diversification Risk. The Fund is classified as “non-diversified” under the Investment Company Act of 1940, as amended. This means it has the ability to invest a relatively high percentage of its assets in the securities of a small number of issuers or in financial instruments with a single counterparty or a few counterparties.

New Fund Risk. As of the date of this press release, the Fund has no operating history and currently has fewer assets than larger funds.

Distributor: Foreside Fund Services, LLC, member FINRA, not affiliated with REX Shares or the Funds’ investment advisor.

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JUNE 16, 2026 – REX Shares (“REX”) and Tuttle Capital Management (“TCM”) today announce that listed options are now available on the T-REX 2X Long SpaceX Daily Target ETF (NYSE Arca: SPAX), giving traders an additional way to express tactical views on one of the most closely watched names in the public market.

SPAX is designed to deliver 200% of the daily stock price performance of Space Exploration Technologies Corporation (Nasdaq: SPCX), before fees and expenses. With options now listed, traders can use calls, puts, and multi-leg strategies alongside the fund itself to manage exposure, define risk parameters, or position around the elevated volatility that has characterized SPCX since its public debut. Options on SPAX add a layer of flexibility on top of a product that already delivers leveraged daily exposure inside a liquid, transparent ETF. 

“Few names generate the kind of conviction SpaceX does, and SPAX has given traders a way to act on it,” said Greg King, CEO and Founder of REX. “With listed options, they can now define risk, target a daily view, and build multi-leg strategies around that conviction.” 

“Layering a listed options market on top of a 2X single-stock ETF is about as much firepower as you can hand an active trader,” added Matt Tuttle, CEO and CIO of Tuttle Capital Management. “SpaceX moves, and that kind of volatility is exactly what makes options on a leveraged SpaceX product so useful.” 

SPAX is among a growing number of T-REX funds to gain a listed options market, reflecting rising trader demand for more precise ways to play single-stock volatility. The suite now includes over 40 leveraged and inverse single-stock ETFs, among them first-to-market 2X exposures to Robinhood (ROBN), Nvidia (NVDX), and Tesla (TSLT).

Investing in the Fund is not equivalent to investing directly in SPCX.

For full fund information, holdings, and risk disclosures, visit rexshares.com.

Options involve risk and are not suitable for all investors. Prior to buying or selling an option, investors must read a copy of the Characteristics and Risks of Standardized Options, also known as the options disclosure document (ODD). It explains the characteristics and risks of exchange traded options and is available from your broker or from The Options Clearing Corporation. Options carry the risk of losing the entire premium paid in a relatively short period, and certain strategies can expose an investor to losses that exceed the initial investment. 

Investing in the fund involves significant risk and is for sophisticated investors. The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. For periods longer than a single day, the Fund will lose money if SPCX’s performance is flat, and it is possible that the Fund will lose money even if SPCX’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day if the price of SPCX falls by more than 50% in one trading day. 

About T-REX 

The T-REX lineup is a partnership between REX Shares and Tuttle Capital Management. T-REX is redefining single-stock ETFs with first-to-market leveraged and inverse exposures. Built to deliver 2x and -2x daily performance on some of the market’s most dynamic companies, T-REX funds give traders powerful tools to express high-conviction views. From being the first to launch 2x and -2x ETFs on Tesla (TSLT) and Nvidia (NVDX), to pioneering the first leveraged 2x ETFs tied to spot Bitcoin (BTCL), T-REX continues to set the pace in ETF innovation. With more than 40 products already trading, the suite is constantly expanding to meet evolving investor demand for tactical, high-impact exposures. For more information, visit rexshares.com. 

About REX Shares 

REX Shares offers a suite of exchange-traded products built for both active traders and long-term investors, spanning income, leveraged, thematic, and crypto strategies. Whether making short-term trades, generating income from volatility, or investing in digital assets and emerging themes like drones, REX empowers investors to act on strong market views. 

For more information, please visit rexshares.com. 

About Tuttle Capital Management 

Tuttle Capital Management is a leader in thematic and actively managed ETFs, leveraging an agile investment approach to align with market trends. Please visit www.tuttlecap.com for more information. 

For media inquiries, please contact: 
Gregory for REX — rexfin@gregoryagency.com 
Matthew Tuttle for Tuttle Capital — mtuttle@TuttleCap.com 

–

This ETF does not invest directly in the referenced asset and has a higher degree of risk since it is seeking to track a single stock or asset.

A link to the Fund’s prospectus can be found here. Click here for fund holdings.

Investors should consider the investment objectives, risk, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the T-REX ETFs please call 1-844-802-4004 or visit our website at rexshares.com. Read the prospectus and summary prospectus carefully before investing.

There is no guarantee that the Fund will achieve its investment objective. Investing involves risk, including possible loss of principal.

Important Risks 

Investing in a REX Shares ETF may be more volatile than investing in broadly diversified funds. The use of leverage by a Fund increases the risk to the Fund. The REX Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged, or daily inverse leveraged, investment results and intend to actively monitor and manage their investment. 

An investment in the Fund entails risk. The Fund may not achieve its leveraged investment objective and there is a risk that you could lose all of your money invested in the Fund. The Fund is not a complete investment program. In addition, the Fund presents risks not traditionally associated with other mutual funds and ETFs. It is important that investors closely review all of the risks listed below and understand them before making an investment in the Fund. 

Options Risk. The Fund and its shares may be the reference asset for listed options. Options are complex instruments and may be more volatile than the underlying shares. The use of options may involve risks different from, or greater than, the risks associated with investing directly in the Fund, including the risk that an option may expire worthless and the risk of significant or total loss of the premium paid. 

New Fund and Pre-IPO Risk. As of the date of this press release, the Fund has no operating history and currently has fewer assets than larger funds. The Fund intends to commence investment operations on the day SPCX begins trading publicly. Prior to and immediately following the SpaceX IPO, SPCX will have no track record of historical performance or daily volatility, and trading in SPCX may be highly volatile. Like other new funds, large inflows and outflows may impact the Fund’s market exposure for limited periods of time. 

Fixed Income Securities Risk. When the Fund invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities owned by the Fund. 

SpaceX Investing Risk. SpaceX is a commercial space transportation and aerospace technology company whose business model is dependent on the successful development, launch and operation of complex space systems, including launch vehicles, spacecraft and satellite constellations. 

Effects of Compounding and Market Volatility Risk. The Fund has a daily leveraged investment objective and the Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is very likely to differ from 200% of the underlying’s performance, before fees and expenses. Compounding affects all investments, but has a more significant impact on funds that are leveraged and that rebalance daily and becomes more pronounced as volatility and holding periods increase. The impact of compounding will impact each shareholder differently depending on the period of time an investment in the Fund is held and the volatility of the underlying stock during the shareholder’s holding period of an investment in the Fund. 

Leverage Risk. The Fund obtains investment exposure in excess of its net assets by utilizing leverage and may lose more money in market conditions that are adverse to its investment objective than a fund that does not utilize leverage. An investment in the Fund is exposed to the risk that a decline in the daily performance of the underlying stock will be magnified. This means that an investment in the Fund will be reduced by an amount equal to 2% for every 1% daily decline in the underlying, not including the costs of financing leverage and other operating expenses, which would further reduce its value. 

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. Investing in derivatives may be considered aggressive and may expose the Fund to greater risks, and may result in larger losses or small gains, than investing directly in the reference assets underlying those derivatives, which may prevent the Fund from achieving its investment objective. 

Swap Agreements. Swap agreements are entered into primarily with major global financial institutions for a specified period which may range from one day to more than one year. In a standard swap transaction, two parties agree to exchange the return (or differentials in rates of return) earned or realized on particular predetermined reference or underlying securities or instruments. The gross return to be exchanged or swapped between the parties is calculated based on a notional amount or the return on or change in value of a particular dollar amount invested in a reference asset. Swap agreements are generally traded over-the-counter, and therefore, may not receive regulatory protection, which may expose investors to significant losses. 

Rebalancing Risk. If for any reason the Fund is unable to rebalance all or a part of its portfolio, or if all or a portion of the portfolio is rebalanced incorrectly, the Fund’s investment exposure may not be consistent with its investment objective. In these instances, the Fund may have investment exposure to the underlying stock that is significantly greater or significantly less than its stated multiple. The Fund may be more exposed to leverage risk than if it had been properly rebalanced and may not achieve its investment objective, leading to significantly greater losses or reduced gains. 

Counterparty Risk. A counterparty may be unwilling or unable to make timely payments to meet its contractual obligations or may fail to return holdings that are subject to the agreement with the counterparty. 

Liquidity Risk. Holdings of the Fund may be difficult to buy or sell or may be illiquid, particularly during times of market turmoil. Illiquid securities may be difficult to value, especially in changing or volatile markets. If the Fund is forced to buy or sell an illiquid security or derivative instrument at an unfavorable time or price, the Fund may be adversely impacted. Certain market conditions or restrictions may prevent the Fund from limiting losses, realizing gains or achieving a high correlation with the underlying stock. There is no assurance that a security or derivative instrument that is deemed liquid when purchased will continue to be liquid. Market illiquidity may cause losses for the Fund. To the extent that the underlying stock value increases or decreases significantly, the Fund may be one of many market participants that are attempting to transact in the underlying stock. 

Non-Diversification Risk. The Fund is classified as “non-diversified” under the Investment Company Act of 1940, as amended. This means it has the ability to invest a relatively high percentage of its assets in the securities of a small number of issuers or in financial instruments with a single counterparty or a few counterparties. 

Underlying Security Investing Risk. Issuer-specific attributes may cause an investment held by the Fund to be more volatile than the market generally. The value of an individual security or particular type of security may be more volatile than the market as a whole and may perform differently from the value of the market as a whole. 

The Fund’s investment adviser will not attempt to position the Fund’s portfolio to ensure that the Fund does not gain or lose more than a maximum percentage of its net asset value on a given trading day. As a consequence, if the Fund’s underlying security moves more than 50% on a given trading day in a direction adverse to the Fund, the Fund’s investors would lose all of their money. 

Distributor: Foreside Fund Services, LLC, member FINRA, not affiliated with REX Shares or the Funds’ investment advisor. 

The post Options Now Trading on SPAX, Giving Traders Leveraged, Optionable Exposure to SpaceX appeared first on REX Shares.

SPAX is designed to deliver 200% of SPCX’s daily stock price performance, before fees and expenses, giving traders a tool to engage with one of the most closely watched public market debuts in years. SpaceX designs and launches the reusable Falcon rockets and Dragon spacecraft that anchor the commercial space industry, and operates Starlink, the largest satellite network ever deployed. SpaceX is also increasingly an artificial-intelligence story: its February 2026 acquisition of xAI — the developer of the Grok AI model — folded AI compute, Grok, and the X platform into the company, which has since outlined plans to deploy orbital AI-compute satellites built on its rocket and Starlink infrastructure. The Fund intends to commence investment operations in connection with SpaceX’s initial public offering, with SPCX expected to begin trading on June 12, 2026. 

“Few companies have generated this much anticipation ahead of a public listing, and that demand doesn’t wait for the stock to settle in,” said Greg King, CEO and Founder of REX. “SPAX is designed to give traders 2x daily long exposure to SpaceX from the very first session, inside a liquid, transparent ETF.” 

“This is exactly the kind of name T-REX was built for,” added Matt Tuttle, CEO and CIO of Tuttle Capital Management. “A newly public, high-volatility stock is exactly the kind of name where investors hold strong views but have had no clean way to act on them, and SPAX is designed to let traders press a daily long view on SPCX with conviction.” 

In a post on X, SpaceX thanked Tuttle Capital Management for the SPCX ticker — a symbol Tuttle had used for one of its ETFs before it passed to SpaceX for the listing. 

This launch expands the T-REX ETF suite, which now includes over 40 leveraged and inverse single-stock ETFs, including first-to-market 2x exposures to Robinhood (ROBN), Nvidia (NVDX), and Tesla (TSLT). 

Investing in the Fund is not equivalent to investing directly in SPCX.

For full fund information, holdings, and risk disclosures, visit rexshares.com.

Investing in the fund involves significant risk and is for sophisticated investors. The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. For periods longer than a single day, the Fund will lose money if SPCX’s performance is flat, and it is possible that the Fund will lose money even if SPCX’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day if the price of SPCX falls by more than 50% in one trading day. 

About T-REX 

The T-REX lineup is a partnership between REX Shares and Tuttle Capital Management. T-REX is redefining single-stock ETFs with first-to-market leveraged and inverse exposures. Built to deliver 2x and -2x daily performance on some of the market’s most dynamic companies, T-REX funds give traders powerful tools to express high-conviction views. From being the first to launch 2x and -2x ETFs on Tesla (TSLT) and Nvidia (NVDX), to pioneering the first leveraged 2x ETFs tied to spot Bitcoin (BTCL), T-REX continues to set the pace in ETF innovation. With more than 40 products already trading, the suite is constantly expanding to meet evolving investor demand for tactical, high-impact exposures. For more information, visit rexshares.com. 

About REX Shares 

REX Shares offers a suite of exchange-traded products built for both active traders and long-term investors, spanning income, leveraged, thematic, and crypto strategies. Whether making short-term trades, generating income from volatility, or investing in digital assets and emerging themes like drones, REX empowers investors to act on strong market views. 

For more information, please visit rexshares.com. 

About Tuttle Capital Management 

Tuttle Capital Management is a leader in thematic and actively managed ETFs, leveraging an agile investment approach to align with market trends. Please visit www.tuttlecap.com for more information. 

For media inquiries, please contact: 
Gregory for REX — rexfin@gregoryagency.com 
Matthew Tuttle for Tuttle Capital — mtuttle@TuttleCap.com 

–

This ETF does not invest directly in the referenced asset and has a higher degree of risk since it is seeking to track a single stock or asset.

A link to the Fund’s prospectus can be found here. Click here for fund holdings.

Investors should consider the investment objectives, risk, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the T-REX ETFs please call 1-844-802-4004 or visit our website at rexshares.com. Read the prospectus and summary prospectus carefully before investing.

There is no guarantee that the Fund will achieve its investment objective. Investing involves risk, including possible loss of principal.

Important Risks 

Investing in a REX Shares ETF may be more volatile than investing in broadly diversified funds. The use of leverage by a Fund increases the risk to the Fund. The REX Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged, or daily inverse leveraged, investment results and intend to actively monitor and manage their investment. 

An investment in the Fund entails risk. The Fund may not achieve its leveraged investment objective and there is a risk that you could lose all of your money invested in the Fund. The Fund is not a complete investment program. In addition, the Fund presents risks not traditionally associated with other mutual funds and ETFs. It is important that investors closely review all of the risks listed below and understand them before making an investment in the Fund. 

New Fund and Pre-IPO Risk. As of the date of this press release, the Fund has no operating history and currently has fewer assets than larger funds. The Fund intends to commence investment operations on the day SPCX begins trading publicly. Prior to and immediately following the SpaceX IPO, SPCX will have no track record of historical performance or daily volatility, and trading in SPCX may be highly volatile. Like other new funds, large inflows and outflows may impact the Fund’s market exposure for limited periods of time. 

Fixed Income Securities Risk. When the Fund invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities owned by the Fund. 

SpaceX Investing Risk. SpaceX is a commercial space transportation and aerospace technology company whose business model is dependent on the successful development, launch and operation of complex space systems, including launch vehicles, spacecraft and satellite constellations. 

Effects of Compounding and Market Volatility Risk. The Fund has a daily leveraged investment objective and the Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is very likely to differ from 200% of the underlying’s performance, before fees and expenses. Compounding affects all investments, but has a more significant impact on funds that are leveraged and that rebalance daily and becomes more pronounced as volatility and holding periods increase. The impact of compounding will impact each shareholder differently depending on the period of time an investment in the Fund is held and the volatility of the underlying stock during the shareholder’s holding period of an investment in the Fund. 

Leverage Risk. The Fund obtains investment exposure in excess of its net assets by utilizing leverage and may lose more money in market conditions that are adverse to its investment objective than a fund that does not utilize leverage. An investment in the Fund is exposed to the risk that a decline in the daily performance of the underlying stock will be magnified. This means that an investment in the Fund will be reduced by an amount equal to 2% for every 1% daily decline in the underlying, not including the costs of financing leverage and other operating expenses, which would further reduce its value. 

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. Investing in derivatives may be considered aggressive and may expose the Fund to greater risks, and may result in larger losses or small gains, than investing directly in the reference assets underlying those derivatives, which may prevent the Fund from achieving its investment objective. 

Swap Agreements. Swap agreements are entered into primarily with major global financial institutions for a specified period which may range from one day to more than one year. In a standard swap transaction, two parties agree to exchange the return (or differentials in rates of return) earned or realized on particular predetermined reference or underlying securities or instruments. The gross return to be exchanged or swapped between the parties is calculated based on a notional amount or the return on or change in value of a particular dollar amount invested in a reference asset. Swap agreements are generally traded over-the-counter, and therefore, may not receive regulatory protection, which may expose investors to significant losses. 

Rebalancing Risk. If for any reason the Fund is unable to rebalance all or a part of its portfolio, or if all or a portion of the portfolio is rebalanced incorrectly, the Fund’s investment exposure may not be consistent with its investment objective. In these instances, the Fund may have investment exposure to the underlying stock that is significantly greater or significantly less than its stated multiple. The Fund may be more exposed to leverage risk than if it had been properly rebalanced and may not achieve its investment objective, leading to significantly greater losses or reduced gains. 

Counterparty Risk. A counterparty may be unwilling or unable to make timely payments to meet its contractual obligations or may fail to return holdings that are subject to the agreement with the counterparty. 

Liquidity Risk. Holdings of the Fund may be difficult to buy or sell or may be illiquid, particularly during times of market turmoil. Illiquid securities may be difficult to value, especially in changing or volatile markets. If the Fund is forced to buy or sell an illiquid security or derivative instrument at an unfavorable time or price, the Fund may be adversely impacted. Certain market conditions or restrictions may prevent the Fund from limiting losses, realizing gains or achieving a high correlation with the underlying stock. There is no assurance that a security or derivative instrument that is deemed liquid when purchased will continue to be liquid. Market illiquidity may cause losses for the Fund. To the extent that the underlying stock value increases or decreases significantly, the Fund may be one of many market participants that are attempting to transact in the underlying stock. 

Non-Diversification Risk. The Fund is classified as “non-diversified” under the Investment Company Act of 1940, as amended. This means it has the ability to invest a relatively high percentage of its assets in the securities of a small number of issuers or in financial instruments with a single counterparty or a few counterparties. 

Underlying Security Investing Risk. Issuer-specific attributes may cause an investment held by the Fund to be more volatile than the market generally. The value of an individual security or particular type of security may be more volatile than the market as a whole and may perform differently from the value of the market as a whole. 

The Fund’s investment adviser will not attempt to position the Fund’s portfolio to ensure that the Fund does not gain or lose more than a maximum percentage of its net asset value on a given trading day. As a consequence, if the Fund’s underlying security moves more than 50% on a given trading day in a direction adverse to the Fund, the Fund’s investors would lose all of their money. 

Distributor: Foreside Fund Services, LLC, member FINRA, not affiliated with REX Shares or the Funds’ investment advisor. 

The post REX Shares Launches T-REX 2X Long SpaceX Daily Target ETF (SPAX) appeared first on REX Shares.

TEUP is designed to deliver 200% of TE’s daily performance, giving traders a tool to engage with a company building the United States’ clean energy future. T1 Energy is an energy solutions provider developing an integrated U.S. supply chain for solar and batteries. As one of the leading solar manufacturing companies in the U.S., the company operates G1_Dallas, a 5GW solar module manufacturing facility, and is set to open up a second manufacturing site, G2_Austin, in late 2026. 

“Traders want precision tools to act on the themes shaping today’s market,” said Scott Acheychek, COO of REX. “TEUP gives them 2x daily exposure to T1 Energy, a company at the center of the U.S’s clean energy buildout, combining solar manufacturing scale with a battery storage strategy at a time when U.S. energy infrastructure is front and center.”

“T1 Energy is exactly the kind of single-stock story T-REX was built for,” added Matt Tuttle, CEO and CIO of Tuttle Capital Management. “TEUP is designed to give traders a 2x daily long tool to act on conviction in TE as the company advances its mission to build a homegrown U.S. solar and storage supply chain.”

This launch expands the T-REX ETF suite, which now includes over 40 leveraged and inverse single-stock ETFs, including first-to-market 2x exposures to Robinhood (ROBN), Nvidia (NVDX), and Tesla (TSLT).

Investing in the Fund is not equivalent to investing directly in TE.

For full fund information, holdings, and risk disclosures, visit rexshares.com.

Investing in the fund involves significant risk and is for sophisticated investors. The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. For periods longer than a single day, the Fund will lose money if TE’s performance is flat, and it is possible that the Fund will lose money even if TE’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day if the price of TE falls by more than 50% in one trading day.

About T-REX 

The T-REX lineup is a partnership between REX Shares and Tuttle Capital Management. T-REX is redefining single-stock ETFs with first-to-market leveraged and inverse exposures. Built to deliver 2x and -2x daily performance on some of the market’s most dynamic companies, T-REX funds give traders powerful tools to express high-conviction views. From being the first to launch 2x ETFs on Tesla (TSLT) and Nvidia (NVDX), to pioneering the first leveraged ETFs tied to spot Bitcoin (BTCL), T-REX continues to set the pace in ETF innovation. With more than 40 products already trading, the suite is constantly expanding to meet evolving investor demand for tactical, high-impact exposures. For more information, visit rexshares.com. 

About REX Shares 

REX Shares offers a suite of exchange-traded products built for both active traders and long-term investors, spanning income, crypto, thematic, and leveraged strategies. Whether making short-term trades, generating income from volatility, or investing in digital assets and emerging themes like drones, REX empowers investors to act on strong market views. 

For more information, please visit rexshares.com. 

About Tuttle Capital Management 

Tuttle Capital Management is a leader in thematic and actively managed ETFs, leveraging an agile investment approach to align with market trends. Please visit www.tuttlecap.com for more information. 

For media inquiries, please contact: 
Gregory for REX — rexfin@gregoryagency.com 
Matthew Tuttle for Tuttle Capital — mtuttle@TuttleCap.com 

–

The Fund seeks daily investment results, before fees and expenses, of 200% of the daily performance of TE. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day.

The Fund will lose money if the underlying security performance is flat over time, and as a result of daily rebalancing, the underlying security’s volatility and the effects of compounding, it is even possible that the Fund will lose money over time while the underlying security’s performance increases over a period longer than a single day. The Funds seek daily inverse leveraged or long leveraged investment results and are intended to be used as short-term trading vehicles. The Funds are not intended to be used by, and are not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Funds’ investment adviser will not attempt to position each Fund’s portfolio to ensure that a Fund does not gain or lose more than a maximum percentage of its net asset value on a given trading day. As a consequence, if a Fund’s underlying security moves more than 50%, as applicable, on a given trading day in a direction adverse to the Fund, the Fund’s investors would lose all of their money.

Investing in the Funds involves a high degree of risk. As with any investment, there is a risk that you could lose all or a portion of your investment in the Funds.

An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. A Fund’s prospectus and summary prospectus contain this and other information about the REX Shares. To obtain a Fund’s prospectus and summary prospectus call 844-802-4004. A Fund’s prospectus and summary prospectus should be read carefully before investing.

Effects of Compounding and Market Volatility Risk. The Fund has a daily leveraged investment objective and the Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is very likely to differ from the Fund performance, before fees and expenses.

Leverage Risk. The Fund obtains investment exposure in excess of its net assets by utilizing leverage and may lose more money in market conditions that are adverse to its investment objective than a fund that does not utilize leverage.

Derivative Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. Investing in derivatives may be considered aggressive and may expose the Fund to greater risks, and may result in larger losses or small gains, than investing directly in the reference assets underlying those derivatives, which may prevent the Fund from achieving its investment objective. 

New Fund Risk. As of the date of this prospectus, the Fund has no operating history and currently has fewer assets than larger funds. Like other new funds, large inflows and outflows may impact the Fund’s market exposure for limited periods of time.

Distributor: Foreside Fund Services, LLC, member FINRA, not affiliated with REX Shares or the Funds’ investment advisor.

The post REX Shares Launches T-REX 2X TE (TEUP) ETF appeared first on REX Shares.

Volatility Decay

The bigger the swings, the bigger the gap

Volatility decay is the gap that opens between a leveraged ETF’s cumulative return and the stated multiple of the underlying’s cumulative return when the underlying moves up and down without trending. The two day example shows the mechanism. A full year shows the scale.

Both lines above start at zero and move with the same daily ups and downs. The 2X series simply doubles each day’s move in the underlying. Over a hypothetical year of trading, the underlying bounces around and ends roughly flat. The 2X series, riding the same path at double size, ends down about 22%.

How large that gap is depends on how choppy the year was. The more the underlying moved day to day, the larger the gap. The relationship grows fast. When volatility doubles, the expected gap more than triples.

Expected One Year Decay

Same start price. Same end price. Very different outcomes inside a 2X ETF.

A calm, blue chip style underlying might cost a 2X holder roughly 9% over a flat but bumpy year. A volatile single stock name running 70% to 100% annualized volatility can cost far more over that same flat year.

Hypothetical. Calculated from the standard daily rebalanced leverage formula on a flat underlying at each stated annualized volatility, before fees and expenses. Not based on any actual fund and not a projection of any fund’s results.

30% Volatility-9%

50% Volatility-22%

70% Volatility-39%

100% Volatility-63%

The post How Leveraged ETFs Work + Full 2x & Inverse ETF List | T-REX appeared first on REX Shares.