OPEX ETF — Tradr 2X Long OPEN Daily ETF

Tradr 2X Long OPEN Daily ETF (OPEX)

Updated October 16, 2026.

OPEX is an ETF linked to Opendoor Technologies (OPEN). its expense ratio is 1.30%. Total return is -96.5% over the past year, 26.6 points behind OPEN at -69.9%.

Tradr 2X Long OPEN Daily ETF is a leveraged equity fund that seeks to deliver twice the daily performance of Opendoor Technologies stock through a combination of OPEN shares and financial instruments; it is non-diversified and designed for tactical trading rather than buy-and-hold investing. The fund does not currently have an established distribution schedule. With an expense ratio of 1.30%, it appeals primarily to experienced traders seeking amplified short-term exposure to OPEN's price movements, though leveraged funds involve compounding effects that can magnify losses as well as gains, particularly over longer holding periods.

OPEX performance versus OPEN

Price and return data through 2026-10-16.

Total return is -96.5% over the past year, 26.6 points behind OPEN at -69.9%. Its deepest 1-year drawdown was 97.9%.

OPEX key facts

Issuer

Tradr

Asset type

ETF

Asset class

Equity

Inception date

10/22/2025

Expense ratio

1.30%

Distribution frequency

None

Last close

$2.81 (as of 2026-10-16)

AUM

$3,549,755

Average volume

376016.0

Beta

5.8261

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Tradr; Index: Opendoor Technologies (OPEN); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

OPEX risks and drawbacks

Total return has trailed OPEN over the available window. The deepest 1-year drawdown on record here is 97.9%.

Who may consider OPEX — and who may not

It is a weaker fit for investors who need monthly cash flow (OPEX does not currently distribute); investors whose main goal is matching OPEN total return. This is educational context, not a recommendation to buy or sell.

More on OPEX

• All tickers starting with O

Tagged: Leverage.

Frequently asked questions

More securities from Tradr.