Browse everything: Tickers A–Z · Issuers · Comparisons · Tags
SPAX ETF — T-Rex 2X Long Spacex Daily Target ETF (SPAX)
T-Rex 2X Long Spacex Daily Target ETF (SPAX) (SPAX)
Updated October 16, 2026.
SPAX is an ETF linked to SpaceX (SPCX). its trailing-12-month yield is 4.11%, its expense ratio is 1.50%. Total return is -47.5% over the past 5.3 years, 141.0 points behind SPY at 93.5%.
This ETF seeks to provide 2x leveraged daily returns tracking a SpaceX-focused SPAC basket by investing at least 80% of its assets in equity securities of U.S.-listed special purpose acquisition companies. The fund does not currently distribute income to shareholders and carries an expense ratio of 1.50%. It appeals to traders and those seeking leveraged equity exposure to SpaceX-related investment vehicles rather than traditional income-focused investors.
SPAX dividend yield and income
Price as of 2026-10-16.
Trailing-12-month yield (4.11%) is the last year of cash distributions by ex-date divided by the current price. The ex-dividend date is 12/27/2024. The payment date is 12/31/2024.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2024-12-27 | $0.3045 | 12.8% Unclassified cash |
| 2024-09-26 | $0.27 | 0.0% Unclassified cash |
| 2024-06-26 | $0.27 | 0.0% Unclassified cash |
| 2024-03-25 | $0.27 | -67.2% Unclassified cash |
| 2023-12-22 | $0.82393 | 205.2% Unclassified cash |
| 2023-09-26 | $0.27 | 35.4% Unclassified cash |
| 2022-12-23 | $0.19935 | — |
| 2022 total | $0.19935 | — |
| 2023 total | $1.09393 | 448.7% |
| 2024 total | $1.1145 | 1.9% |
SPAX holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: SPCX (physical holdings below may be collateral and options, not the reference asset itself).
SPAX performance versus SPY
Price and return data through 2026-10-16.
Total return is -47.5% over the past 5.3 years, 141.0 points behind SPY at 93.5%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -9.3% | — |
| 3M | 5.5% | — |
| 2Y CAGR | — | -31.70% |
| 3Y CAGR | — | -21.80% |
| 5Y CAGR | — | -12.10% |
| Since inception (5.3 years) | -47.5% | -11.40% |
SPAX key facts
- Issuer
- REX Shares
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 06/22/2021
- Expense ratio
- 1.50%
- Distribution frequency
- None
- Trailing yield
- 4.11%
- Last close
- $9.35 (as of 2026-10-16)
- AUM
- $4,593,438
- Average volume
- 1462637.0
- Ex-dividend date
- 12/27/2024
- Payment date
- 12/31/2024
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 (4.11%) 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: REX Shares; Index: SpaceX (SPCX); 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.
SPAX risks and drawbacks
Total return has trailed SPY over the available window.
Who may consider SPAX — and who may not
It is a weaker fit for investors who need monthly cash flow (SPAX does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on SPAX
Compare SPAX
SPAX vs similar funds:
Frequently asked questions
Does SPAX pay monthly?
No. SPAX does not currently distribute.
What is SPAX linked to?
SPAX is linked to SpaceX (SPCX), not a broad market index.
What is SPAX's expense ratio?
SPAX's expense ratio is 1.50%.
When does SPAX pay a dividend?
SPAX does not currently distribute. The ex-dividend date is 12/27/2024. The payment date is 12/31/2024.
How has SPAX performed?
Total return is -47.5% over the past 5.3 years, 141.0 points behind SPY at 93.5%.
More securities from REX Shares.
Tickers
Holdings as-of date unavailable.
| Ticker | Name | Weight |
|---|
See how this investment would fit into your portfolio.