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AAPXT-Rex 2X Long Apple Daily Target ETF

Take a bet2y track recordRanked #461 of 949 in this goal

Seeks daily investment results, before fees and expenses, of 200% of the daily performance of Apple, Inc. (AAPL) common stock.

By Rex · Launched 2024

Annual Cost

1.05%

#5,320 of 5,854 · expensive

Fund Size

$10M

#4,865 of 5,854 · small

Return (1Y)Goal

+83.3%

Track Record

2 years

#3,304 of 5,854 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$18,501+85.0%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Strategy

Leveraged

What it actually holds

By weight

Concentration

single-stock bet — holdings shown are derivatives collateral, not diversification

APPLE INC.
-0.4%
APPLE INC.
-0.5%

Asset allocation

Stocks
73.2%
Bonds
26.8%

By sector

Technology
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
51.8%High

Year-on-year price swings

Max drawdown
-58.5%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks daily investment results, before fees and expenses, of 200% of the daily performance of Apple, Inc. (AAPL) common stock.
Strategy
Seeks 200% (2x) of the daily return of the common stock of Apple, Inc. (AAPL) via swap agreements, with purchased call options (including FLEX Options) and direct AAPL common stock as alternative exposure; information technology sector. Daily-reset leveraged single-stock vehicle for short-term trading — compounding causes returns over periods longer than one trading day to diverge materially from 2x AAPL.
Inception date
January 10, 2024
Fund family
Rex

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged single stock
Critical

Most of these lose money

These funds amplify one stock's daily move, then reset every day. More than half of them have lost money outright, and the daily reset plus financing costs drag roughly 9.5% a year off the return. The longer you hold, the more that compounding works against you.

Sources: Bessembinder, 'Leveraged Single-Stock ETFs' (SSRN 2025)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-03