ETF Evaluator: T-REX 2X Long SKHY Daily Target ETF (HYNX) Follow This ETF

T-REX 2X Long SKHY Daily Target ETF Overview

T-REX 2X Long SKHY Daily Target ETF (HYNX) is an actively managed Miscellaneous Trading--Leveraged Equity exchange-traded fund (ETF). Rex launched the ETF in 2026.

The investment seeks daily investment results, before fees and expenses, of 200% of the daily performance of the Reference Asset. The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in financial instruments that are designed to provide, in the aggregate, 200% exposure to the price performance of the Reference Asset on a daily basis. It is non-diversified.

About T-REX 2X Long SKHY Daily Target ETF (HYNX)

There are 1 members of the management team with an average tenure of 0.05 years: Matthew Tuttle (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.

T-REX 2X Long SKHY Daily Target ETF has 3 securities in its portfolio. The top 10 holdings constitute 433.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

T-REX 2X Long SKHY Daily Target ETF is part of the Other global asset class and is within the Miscellaneous ETF group. T-REX 2X Long SKHY Daily Target ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). T-REX 2X Long SKHY Daily Target ETF has 151.3% of the portfolio in cash.

Assets Under Management

The fund has $24 million in total assets, which is below the $251 million average for the Trading--Leveraged Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

HYNX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The T-REX 2X Long SKHY Daily Target ETF expense ratio is high compared to funds in the Trading--Leveraged Equity category. T-REX 2X Long SKHY Daily Target ETF has an expense ratio of 1.25%, which is 32% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. T-REX 2X Long SKHY Daily Target ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 396% for the Trading--Leveraged Equity category.

Recently, in the month of July 2026, T-REX 2X Long SKHY Daily Target ETF returned 0.0%, which earned it a grade of NA, as the Trading--Leveraged Equity category had an average return of -18.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

T-REX 2X Long SKHY Daily Target ETF has a trailing yield of 0.00%, which is below the 5.84% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

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