SPAX: T-REX 2X Long SPCX Daily Target ETF
Performance
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Summary
SPAX at a glance
SPAX returned -59.90% since Jun 15, 2026. Its worst drop since then was -75.29%, smaller than 6% of ETFs on Redstone, and its Sharpe ratio of -0.75 beats 13% of ETFs on Redstone. It hasn't paid a dividend since it listed.
Current Drawdown
-63.40%
Rolling Volatility
146.56%
Metrics
Risk Indicators*
Profile
About SPAX
The Fund seeks daily investment results, before fees and expenses, of 200% of the daily performance of SPCX. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. The Fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in financial instruments that are designed to provide, in the aggregate, 200% exposure to the price performance of SpaceX on a daily basis.
From its prospectus, filed Jul 10, 2026- Category
- Leveraged
- Expense ratio
- 1.50%
- Tracks
- 2× SPCX daily
- Inception
- Jun 2026
Comparisons