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SPAXT-REX 2X Long SPCX Daily Target ETF

Take a betNewRanked #526 of 926 in this goal

Seeks daily investment results, before fees and expenses, of 200% of the daily performance of SpaceX (NASDAQ: SPCX) common stock.

By Rex · Launched 2026

Annual Cost

1.50%

#5,699 of 5,822 · expensive

Fund Size

$42M

#3,804 of 5,822 · mid-size

Return (1Y)Goal

-69.8%

Track Record

2 months

#5,664 of 5,822 · young

Performance

Total-return NAV · USD
Growth of $10,000
$2,821-71.8%

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

Asset allocation

Cash
125.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
53.8%High

Year-on-year price swings

Max drawdown
-74.2%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-1.10Below average
Sortino (3Y)
-1.23Moderate downside risk

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results, before fees and expenses, of 200% of the daily performance of SpaceX (NASDAQ: SPCX) common stock.
Strategy
Seeks 200% of the daily price performance of the publicly-traded common stock of Space Exploration Technologies Corporation (SpaceX, NASDAQ: SPCX), primarily via swap agreements, with optional call options (including FLEX Options) and direct common-stock holdings; the Adviser allocates among these instruments. Daily-reset leveraged exposure rebalanced daily and concentrated in the industrials sector (aerospace, defense, satellite communications); returns over periods longer than one trading day diverge materially from 200%.
Inception date
June 12, 2026
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 2026-08-01