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T-Rex 2X Inverse Ether Daily Target ETF ETQ:Cboe Consolidated Listings
| Last Price | Today's Change | Today's Volume |  |  | |||
|---|---|---|---|---|---|---|---|
| $17.63 | +0.18 (1.03%) | 2,310 Above Avg. | |||||
| As of 10:14 am ET 05/02/2025 | |||||||
Fund Performance
Fund Strategy
The investment seeks daily investment results, before fees and expenses, of 200% of the inverse (or opposite) of the daily performance of spot Ether. The fund, under normal circumstances, invests in swap agreements that provide 200% inverse (opposite) daily exposure to the Reference Assets equal to at least 80% of the fund’s net assets (plus borrowings for investment purposes). 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. The fund is non-diversified.
Additional Information
Holdings: ETFs offer investors an interest in a portfolio of securities and other underlying assets and are therefore quite similar to mutual funds. One unique ETF feature is transparency, allowing investors to see the underlying portfolio securities on a daily basis.
| Details as of 10:14 am ET 05/02/2025 | |
|---|---|
| Today's Open | $17.69 |
| Previous Close | $17.45 |
| Day's Range | $17.61 - $17.69 |
| 52 Week Range | $6.78 - $31.98 |
| Closing NAV 05/01/2025 | $17.50 |
|---|---|
| Premium/Discount 05/01/2025 | -0.31% |
| Avg. Volume (10 Day) | 7,462 |
| Put/Call Ratio (1 Day) | -- |
| Put/Call Ratio (30 Day) | -- |
Risks of Leveraged & Inverse Products
Leveraged ETPs (Exchanged Traded Products, such a ETFs and ETNs), seek to provide a multiple of the investment returns of a given index or benchmark on a daily basis. Inverse ETPs seek to provide the opposite of the investment returns, also daily, of a given index or benchmark, either in whole or by multiples. Due to the effects of compounding and possible correlation errors, leveraged and inverse products may experience greater losses than one would ordinarily expect. Compounding can also cause a widening differential between the performances of an ETP and its underlying index or benchmark, so that returns over periods longer than one day can differ in amount and direction from the target return of the same period. Consequently, these ETPs may experience losses even in situations where the underlying index or benchmark has performed as hoped. Aggressive investment techniques such as futures, forward contracts, swap agreements, derivatives, options, can increase ETP volatility and decrease performance. Investors holding these ETPs should therefore monitor their positions as frequently as daily. To find out more about trading Leveraged and Inverse Products, please read Leveraged and Inverse Products: What you need to know.
| Fund Profile | |||
| Fund Type | Exchange Traded Fund | Total Assets | $1.1M |
|---|---|---|---|
| Inception | 10/22/2024 | Gross Expense Ratio | 1.25% |
| Total Holdings | 7 | Net Expense Ratio | 1.25% |
Leveraged Exchange Traded ProductsLeveraged ETPs (exchange-traded products) typically use derivatives to attempt to multiply the returns of the underlying index each day. These products invest their portfolios much differently than other ETPs. They have the propensity to be more volatile and are inherently riskier than their non-leveraged counterparts. It is important to remember that these securities are generally designed for daily use only, and are generally not intended to be held overnight, because their returns over longer periods generally do not match the ETP’s multiple of the underlying index over those periods. These funds are not appropriate for most investors. Leveraged Closed-end FundsFunds that borrow money to purchase more assets in this way will generally move up more than the market when the market rises and move down farther than the market when the market falls. Bond funds that use leverage have the potential to increase the amount of income that they pay out, but at the cost of larger drops in value during a falling market. Leverage inherently increases the risk in a portfolio. 0824-U08J | Yes1 | Portfolio Turnover | 0% |
| For ETFs, this refers to the number of times the fund is long or short the index to explain its leverage factor. For example, -300 means that the ETF is short 3 times the index. | -200.0% | ESG FundEnvironmental, Social, and Governance (ESG) is the industry term Schwab has chosen to use as an umbrella term to describe various investing approaches that consider not only traditional measures of risk and return, but environmental, social, and corporate governance (ESG) factors as well. Schwab uses ESG to broadly encompass ESG investing , but also investing approaches described as "values-based investing," "impact investing," "sustainable investing," and other approaches. An ESG product may apply ESG factors to its investment or governance processes in many different ways. A product that employs ESG strategies may choose to focus on one or more ESG factors, though an ESG product may also include securities that don't fit any ESG category. The information displayed utilizes the Morningstar "Sustainable Investment - Overall" datapoint. Click here to learn more about ESG at Schwab. 0824-U08J | No |
| Fund Company | REX Advisers, LLC | Active Semi-transparent Active Semi-transparent ETFsActive semi-transparent ETFs reveal full portfolio holdings only on a monthly or quarterly basis, not daily like traditional ETFs. There are different degrees of transparency as some firms will not disclose any daily holdings and others will reveal holdings daily, but shield certain positions and weights. Certain active semi-transparent ETFs may not be available for purchase or custody at Schwab. 0824-U08J | No |
| Morningstar Category These funds seek to generate returns equal to a fixed multiple (positive or negative) of short-term returns of an index. The reference index for this category is not equity, fixed-income, or commodity linked. The compounding of short-term returns results in performance that does not correspond to those of investing in the index with external leverage. For example, a fund attempting to achieve 2 times the returns of a given index on a daily basis is unlikely to deliver anything like 2 times the index�s returns over periods longer than one day. Many of these funds seek to generate a multiple of the daily or weekly return of the reference index. Trading funds are not considered suitable for a long-term investor and are designed to be used by active traders. | Trading--Miscellaneous | Buffer ETFsBuffer ETFs provide investors with the opportunity to participate in the upside of an asset’s risk while giving investors some level of downside protection during a stated outcome period (typically one year). An upside return cap represents the maximum percentage of return an investor can achieve, and an investor will not participate in any excess returns above the cap. Buffer ETFs may limit an investor’s losses up to an ETF’s stated buffer limit; however, in the event of a decline in the underlying investments in excess of the buffer limit, the investor can experience those losses. Return cap and downside buffer levels for a Buffer ETF are established at the beginning of each outcome period and will likely differ from the prior outcome period. Buffer ETFs invest primarily in FLexible EXchange (“FLEX”) options to employ a structured or defined outcome strategy. 0824-U08J | No |
Inverse ETPInverse ETPs (exchange-traded products) typically use derivatives to attempt to move in the opposite direction of the underlying index by a certain multiple each day. They generally have either a negative number like –1x or –2x or a term like “short” or “inverse” in their names. These products invest their portfolios much differently than other ETPs. They have the propensity to be more volatile and are inherently riskier than their non-inverse counterparts. It is important to remember that these securities are designed for daily use only, and are not intended to be held overnight, because their returns over longer periods generally do not match the ETP’s negative multiple of the underlying index over longer periods. These funds are not appropriate for most investors. 0824-U08J | Yes2 | ||
| Annualized Trend 1,5,10 Year | Annualized Returns | ||||
|---|---|---|---|---|---|
| Description | 1 Year | 5 Year | 10 Year | Inception 10/2024 | |
| ETQ Market Price | -- | -- | -- | -12.2% | |
| ETQ NAV | -- | -- | -- | -11.9% | |
| Trading--MiscellaneousMorningstar Category | -4.4% | -6.3% | -- | -- | |
| ICE BofA USD 3M Dep OR CM TR USDBroad-Based Index | +5.2% | +2.7% | +2.1% | +2.8% | |
Datasource: Morningstar All performance periods are based on closing daily prices. | |||||
| View Performance | |||||
Top 10 Holdings as of 04/30/2025
Symbol | Description | % of Net Assets | Sector | YTD Chg. % | |
|---|---|---|---|---|---|
| -- | ISHARES ETHEREUM TRUST SWAP-S |
| -- | -- | |
| FGXXX | First American Government Obligs X |
| -- | -- | |
| % of portfolio in top 10 holdings: 106.98% | |||||
| View Portfolio, All Holdings | |||||
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Why are ETFs so popular?
Exchange traded funds have gained the favor of investors because of their low expense ratios, tax efficiency, diversification, trading flexibility and liquidity. They offer a lower relative cost alternative to other vehicles such as stocks and many mutual funds.
Where are ETFs traded?
What are the associated risks?
Do ETFs come with a prospectus?
Leveraged ETPs (Exchanged Traded Products, such as ETFs and ETNs), seek to provide a multiple of the investment returns of a given index or benchmark on a daily basis. Inverse ETPs seek to provide the opposite of the investment returns, also daily, of a given index or benchmark, either in whole or by multiples. Due to the effects of compounding and possible correlation errors, leveraged and inverse products may experience greater losses than one would ordinarily expect. Compounding can also cause a widening differential between the performances of an ETP and its underlying index or benchmark, so that returns over periods longer than one day can differ in amount and direction from the target return of the same period. Consequently, these ETPs may experience losses even in situations where the underlying index or benchmark has performed as hoped. Aggressive investment techniques such as futures, forward contracts, swap agreements, derivatives, options, can increase ETP volatility and decrease performance. Investors holding these ETPs should therefore monitor their positions as frequently as daily. To find out more about trading Leveraged and Inverse Products, please read Leveraged and Inverse Products: What you need to know.
Leveraged ETPs (Exchanged Traded Products, such as ETFs and ETNs), seek to provide a multiple of the investment returns of a given index or benchmark on a daily basis. Inverse ETPs seek to provide the opposite of the investment returns, also daily, of a given index or benchmark, either in whole or by multiples. Due to the effects of compounding and possible correlation errors, leveraged and inverse products may experience greater losses than one would ordinarily expect. Compounding can also cause a widening differential between the performances of an ETP and its underlying index or benchmark, so that returns over periods longer than one day can differ in amount and direction from the target return of the same period. Consequently, these ETPs may experience losses even in situations where the underlying index or benchmark has performed as hoped. Aggressive investment techniques such as futures, forward contracts, swap agreements, derivatives, options, can increase ETP volatility and decrease performance. Investors holding these ETPs should therefore monitor their positions as frequently as daily. To find out more about trading Leveraged and Inverse Products, please read Leveraged and Inverse Products: What you need to know.
- Investors in ETFs should consider carefully information contained in the prospectus, including investment objectives, risks, charges and expenses. You can view, download, and print a prospectus by selecting the "View Prospectus" link at the top of the page. If there are remaining questions, please call 1-800-435-4000. Please read the prospectus carefully before investing.
- Unlike mutual funds, shares of ETFs are not individually redeemable directly with the ETF. Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV).
- Market Price is the price at which investors buy and sell ETF shares in the stock market. ETF Market Price determines investor returns. An ETF’s Market Price may be higher or lower than the NAV at any given point in time. Market price returns are based upon the Official Closing Price of the primary listing exchange (generally, 4:00 p.m. Eastern time) and may not represent the returns you would receive if shares were traded at other times.
- NAV (Net Asset Value) is a per share valuation of the securities in an ETF officially calculated once per day. NAV price performance is primarily used to evaluate the fund and its managers and may not reflect the actual return for the investor.
- ETFs at Charles Schwab & Co., Inc. ("Schwab") which are U.S. exchange-listed can be traded without a commission on buy and sell transactions made online in a Schwab account. Unlisted ETFs are subject to a commission. Trade orders placed through a broker will receive the negotiated broker-assisted rate. An exchange process fee applies to sell transactions. All ETFs are subject to management fees and expenses. Please see the Charles Schwab Pricing Guide for additional information. Schwab's affiliate Charles Schwab Investment Management, Inc., dba Schwab Asset Management, serves as the investment adviser to the Schwab ETFs, which compensates Schwab Asset Management out of the applicable operating expense ratios. The amount of the fees is disclosed in the prospectus of each ETF.
- Data Source Identification
- Schwab's Financial and Other Relationships with certain ETFs
- Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar risk-adjusted return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. (Each share class is counted as a fraction of 1 fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.