T-REX 2X Inverse NVIDIA Daily Target ETF

Frequently Asked Questions About NVDQ

What does NVDQ invest in?

Under ordinary market conditions, this fund aims to deliver daily returns that are the inverse of NVIDIA's (NVDA) stock performance, magnified by two. It achieves this by investing a minimum of 80% of its total assets in swap agreements. These agreements are struck with leading global financial institutions and are structured to ensure the fund experiences a daily return equivalent to -200% of NVDA's value, relative to its net assets. The fund is characterized as non-diversified.

What is the expense ratio of NVDQ?

T-REX 2X Inverse NVIDIA Daily Target ETF (NVDQ) charges an expense ratio of 1.05%. This is the annual fee deducted from fund assets to cover management and operations.

Is NVDQ a good long-term hold?

NVDQ is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does NVDQ's daily reset work?

NVDQ rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is NVDQ?

T-REX 2X Inverse NVIDIA Daily Target ETF (NVDQ) manages $17.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is NVDQ actively managed or an index fund?

NVDQ's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.