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Beacon

SMUPT-REX 2X Long SMR Daily Target ETF

Take a bet1y track recordRanked #625 of 949 in this goal

Seeks daily investment results of 200% of the daily performance of SMR.

By Rex · Launched 2025

Annual Cost

1.50%

#5,730 of 5,854 · expensive

Fund Size

$13M

#4,723 of 5,854 · small

Return (1Y)Goal

-99.2%

Track Record

1 year

#4,519 of 5,854 · young

Performance

Total-return NAV · USD
Growth of $10,000
$84-99.2%

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

N/A
-9.2%

Asset allocation

Stocks
204.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
201.3%High

Year-on-year price swings

Max drawdown
-99.4%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 of 200% of the daily performance of SMR.
Strategy
Invests in derivatives to achieve 200% daily exposure to SMR.
Inception date
July 24, 2025
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.

Thematic
Warning

These usually launch after the gains are gone

A theme gets packaged into a fund after it has already run. Over the past 15 years, fewer than one in 10 thematic funds beat a broad global index, and more than three-quarters closed down entirely. The pitch always sounds good. The returns rarely follow.

Sources: Bessembinder, 'Leveraged Single-Stock ETFs' (SSRN 2025) · Morningstar, 'Global Thematic Funds Landscape' (2022)

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