Understanding the T-REX 2X LONG AVGO DAILY TARGET ETF (AVGU)

What this ETF is trying to do

The T-REX 2X LONG AVGO DAILY TARGET ETF (AVGU) is a leveraged ETF. This means it is designed to seek a specific daily goal related to the performance of Broadcom Inc. (AVGO). Because it is a "2X Long" fund, it uses leverage to try to provide double the daily return of its target. It is important to note that leveraged ETFs are designed for short-term goals and can behave differently than standard funds over longer periods.

What the numbers show

The data shows that the share price of AVGU has declined over the past year.

• Current Price: $28.65 (as of October 2, 2026).

• Estimated Price from roughly one year ago: $35.82.

• One-Year Price Return: Approximately -20.01%.

• Year-to-Date (YTD) Price Return: Approximately -16.86%.

Since this fund does not pay distributions, the price return and the total return are the same. The total return reflects the overall change in value for an investor based on the share price movement.

Income and distribution explanation

Based on the supplied data, AVGU does not currently provide income to investors. The distribution yield is 0%, and no distributions have been detected over the last 12 months. Because there are no payouts, this ETF is not designed to act as an income-generating tool.

NAV erosion explanation

The fund has an erosion-risk score of 55, which is labeled as "moderate price erosion." This means the market price of the shares has shown a downward trend.

The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion. While we can see the share price has fallen, we cannot use this information alone to prove that the Net Asset Value (NAV) itself has declined.

Pros

• Leverage: For traders looking for amplified daily movement, this fund provides a 2X multiplier on its target's daily performance.

Cons

• Price Decline: The fund has experienced a significant share-price decline of about 20% over the last year.

• No Income: There are no distributions or dividends provided by this ETF.

• Leverage Risk: As a leveraged product, the price can move very quickly in both directions.

Beginner takeaway

AVGU is a specialized, leveraged ETF that tracks the daily movement of a specific target with double the intensity. Currently, the fund is experiencing moderate price erosion and has not provided any cash distributions to investors. Because it is a leveraged fund, its price can change rapidly, and the recent one-year price return has been negative.