ETF Evaluator:
Canary Staked TRX ETF (TRXS)
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(as of )
Best Performing in Digital Assets Over the Last Year
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Risk
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Risk
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ETF Details
Canary Staked TRX ETF Overview
Canary Staked TRX ETF (TRXS) is a passively managed Miscellaneous Digital Assets exchange-traded fund (ETF). Canary Capital Group LLC launched the ETF in 2026.
The investment seeks to provide exposure to the price of TRX (“TRX”) held by the Trust, less the expenses of the Trust’s operations and other liabilities; to earn additional TRX through its participation in the staking program (the “Staking Program”) administered by the Sponsor, in which staking rewards will be earned through the validation of transactions in the Tron network’s (the “Tron Network”) proof-of-stake (“PoS”) process is secondary consideration.
In seeking to achieve its investment objectives, the Trust will hold TRX and establish its net asset value (“NAV”) by reference to the CoinDesk Tron Benchmark Rate 60m NY Rate (“Pricing Benchmark”).
About Canary Staked TRX ETF (TRXS)
There are 1 members of the management team with an average tenure of 0.06 years: Management Team (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: CoinDesk Tron Benchmark Rate USD index with a weighting of 100%. Canary Staked TRX ETF has 1 securities in its portfolio. The top 10 holdings constitute 100.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Canary Staked TRX ETF is part of the Other global asset class and is within the Miscellaneous ETF group. Canary Staked TRX 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). Canary Staked TRX ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $50 million in total assets, which is below the $886 million average for the Digital Assets 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.
TRXS 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 Canary Staked TRX ETF expense ratio is high compared to funds in the Digital Assets category. Canary Staked TRX ETF has an expense ratio of 1.10%, which is 31% 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. Canary Staked TRX 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 69% for the Digital Assets category.
Recently, in the month of September 2026, Canary Staked TRX ETF returned 0.0%, which earned it a grade of NA, as the Digital Assets category had an average return of 12.4%. 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.
Canary Staked TRX ETF has a trailing yield of 0.00%, which is below the 11.47% 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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TRXS Trailing NAV Total Returns Data as of 9/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TRXS Return (NAV) | na | na | na | na | na | na |
| TRXS Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Digital Assets Avg | 12.4% | 41.3% | -8.6% | 24.5% | -10.9% | 60.6% |
| TRXS Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| TRXS Tax-Cost Ratio | na | na | na | na | na | na |
TRXS Annual NAV Total ReturnsData as of 9/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TRXS Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| TRXS Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Digital Assets Avg | -4.9% | -5.7% | 60.5% | 127.3% | -72.3% | 199.4% | 175.1% | 11.8% | -81.4% | 1391.4% | 119.9% |
| TRXS Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 51 Mil |
| Share Class Assets: | $ 51 Mil |
| Turnover: | na |
| Expense Ratio: | 1.10% |
| Index Fund: | Yes |
| Index Tracked: | CoinDesk Tron Benchmark Rate USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): Team Management (2026) | |||
Portfolio Composition (as of 9/30/26)
| # of Holdings: | 1 |
| % in Top 10 Holdings: | 100.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 100.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Grantor Trust |
| Fund Family: | Canary Capital Group LLC |
| Phone Number: | 615-200-0788 |
| Website: | |
| Inception Date: | September 8, 2026 |
Expenses and Fees
| Expense Ratio (%): | 1.10% (Rating: High) |
| Category Average Expense Ratio (%): | 0.84% |
