Tradr 2X Long OPEN Daily ETF (OPEX) Performance
OPEX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −94.3% since Dec 31, 2025
- 1 year
- −97.0% total return
- Since first price
- −97.0% since 2025
OPEX trailing returns vs SPY, QQQ, AGG
| Period | OPEX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −46.7% | −46.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −78.7% | −78.7% | +3.2% | +1.9% | −0.4% |
| 6 months | −90.4% | −90.4% | +7.8% | +8.4% | −1.5% |
| YTD | −94.3% | −94.3% | +12.3% | +15.1% | −1.0% |
| 1 year | −97.0% | −97.0% | +14.4% | +15.9% | −1.1% |
| Since inceptionOct 23, 2025 | −97.0% | −97.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: OPEX vs SPY
From Oct 23, 2025: OPEX grew to $304, SPY to $11,435.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
OPEX returns by calendar year
2026 is year to date.
OPEX annual returns table
| Year | OPEX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −94.3% | −96.2% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
OPEX largest drawdowns
Now 98.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 12, 2025 | −98.1% | Oct 21, 2026 | not yet | 11 months | 11 months so far |
| Oct 27, 2025 | −38.1% | Nov 7, 2025 | Nov 12, 2025 | 11 days | 16 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
OPEX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 1 | −97.4% | −97.4% | −97.4% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
OPEX performance overview
Tradr 2X Long OPEN Daily ETF (OPEX) returned −97.0% over the past year, with distributions reinvested. Since its first recorded price on Oct 23, 2025 it has returned −97.0%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −98.1%, from Nov 12, 2025 to Oct 21, 2026; the fund has not yet regained that high.
Related: OPEX chart. See the OPEX overview for the latest quote and fund facts.
OPEX performance FAQ
What is the OPEX return over the past year?
OPEX returned −97.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 97.0%.
How much would $10,000 invested in OPEX be worth?
$10,000 invested in OPEX at its first recorded close on October 23, 2025 would be worth about $304 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of OPEX?
The largest peak-to-trough decline was −98.1% between November 12, 2025 and October 21, 2026. It has not yet recovered to that high; it is 98.1% below its peak.