SNDU ETF: What Is It? - Returns, Expense Ratio, Holdings, and Alternative ETFs at a Glance
The T-REX 2X Long SNDK Daily Target ETF (SNDU) is a single-stock leveraged product designed to deliver twice the daily performance of SanDisk stock. It is intended exclusively for short-term trading, with daily-reset compounding decay and single-stock concentration risk as the key factors to confirm before investing.
SubscribeWhat Is the T-REX 2X Long SNDK Daily Target ETF?
A single-stock leveraged ETF designed to deliver twice the daily price performance of SanDisk (SNDK). It moves at two times the daily fluctuation of a single company, with no diversification across individual stocks.
It is suitable for short-term traders who want to aggressively bet on the short-term direction of SanDisk's stock and who fully understand leverage risk.
The ETF is actively managed by Tuttle Capital Management.
How to Invest in the T-REX 2X Long SNDK Daily Target ETF
| Item | Details |
|---|---|
| Tracking Target | SanDisk (SNDK) 2x daily |
| Management Style | Active (derivatives-based) |
| Rebalancing Cycle | Daily reset |
| Dividend Schedule | No dividend |
| Total Expense Ratio | 1.50% |
| Manager | Tuttle Capital Management |
It uses derivatives such as swap agreements to deliver twice the daily performance of SanDisk stock. Exposure is reset at the end of each trading day, so cumulative returns held over more than one day can differ from a simple 2x daily move. With concentration in a single stock, there is no diversification benefit.
- 2x leveraged exposure to a single stock
- Daily-target structure reset every day
T-REX 2X Long SNDK Daily Target ETF Size and Cost (AUM and Expense Ratio)
Assets under management (AUM) stand at $278.2M, and the total expense ratio is 1.50% annually.
Because of its single-stock, swap-based structure, volatility drag can compound the longer the position is held.
T-REX 2X Long SNDK Daily Target ETF Performance and Flows
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe fund moves at two times the price action of its underlying stock, SanDisk, making it highly volatile. Short-term swings tend to widen in response to memory/semiconductor industry cycles and individual earnings events.
Given the nature of single-stock leveraged products, capital flows in and out rapidly with short-term trading demand. Trading activity typically picks up when the underlying stock builds strong momentum.
T-REX 2X Long SNDK Daily Target ETF Pros and Cons
It can amplify returns during upside phases for SanDisk, but the daily-reset mechanism and single-stock concentration create substantial downside risk.
� Key Strengths
⚠️ Points to Watch
T-REX 2X Long SNDK Daily Target ETF Alternatives and Related Products
ETFs such as TQQQ, SOXL, and QLD shown in the table are broad index-tracking leveraged ETFs that offer diversification, unlike the single-stock SNDU. Within the same single-stock leveraged lineup under the T-REX brand, the 2x MicroStrategy product MSTU, the 2x NVIDIA product NVDU, and the 2x Tesla product TSLL are available, allowing selection based on the underlying stock you want exposure to.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 TQQQ | ProShares UltraPro QQQ 3x Shares | $70.98 | +2.6% | $34.7B | 0.82% | 0.53% | +48.5% |
 SOXL | Direxion Daily Semiconductor Bull 3X ETF | $121.82 | +5.2% | $19.5B | 0.75% | 0.01% | +317.6% |
 QLD | ProShares Ultra QQQ 2x Shares | $89.55 | +1.7% | $13.9B | 0.95% | 0.13% | +37.7% |
 SSO | ProShares Ultra S&P500 2x Shares | $69.63 | +1.6% | $8.8B | 0.87% | 0.65% | +27.5% |
 SPXL | Direxion Daily S&P 500 Bull 3X ETF | $282.93 | +2.4% | $6.9B | 0.84% | 0.5% | +38.9% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 FAF | First American Financial Corp | 0.03% | $71.78 | +0.8% | $7.3B | 9.9 | 3.06% |
| FAF | First American Financial Corp | 0.03% | $71.78 | +0.8% | $7.3B | 9.9 | 3.06% |
T-REX 2X Long SNDK Daily Target ETF Investor Checklist
Key points to review before investing in SNDU. Unlike conventional ETFs, this product combines three structural features — leverage, daily reset, and single-stock concentration — that need to be fully grasped.
| Checkpoint | What to Confirm | Current Status |
|---|---|---|
| ⚡ Leverage Multiple | Understand the magnified P&L from 2x daily exposure | 2x exposure |
| 🔄 Daily Reset | Check for cumulative-return distortion over longer holding periods | Reset daily |
| 🎯 Single-Stock Concentration | Confirm exposure to SanDisk-specific risks | No diversification |
| 💵 Expense Ratio | Review the cost structure typical of derivatives-based products | Needs verification |
The combination of leverage and single-stock concentration makes this ETF extremely volatile. Because of the daily-reset structure, long-term holding can deliver results very different from what investors expect, and holding beyond short-term tactical use is not recommended.
It is a product designed for sophisticated traders looking to aggressively bet on the short-term direction of SanDisk's stock. For diversification or long-term holding, broad-based index ETFs are a better fit.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 18, 2026.
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