ATLAST-REX 2X Long SPCX Daily Target ETF (SPAX): outlook, holdings and fees
T-REX 2X Long SPCX Daily Target ETF (SPAX) is an exchange-traded fund and is managed by Robinson Capital. The expense ratio is 0.72% and the yield is 4.14%. The ten largest holdings are 99% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on SPAX
| Last price | $7.74 (-12.8%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 45% |
| Likely 1-month range (50%) | $6.44 – $8.79 |
| Normal 1-day range (±1σ) | ±5.3% |
| Distribution yield | 4.14% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
SPAX fund facts
| Issuer | Robinson Capital |
|---|---|
| Theme | Leveraged |
| Assets under management | $4.6M |
| Expense ratio | 0.72% |
| Number of holdings | 6 |
| Portfolio turnover | 75% |
| Inception | Jun 22, 2021 |
| Exchange | NYSE |
The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in financial instruments that are designed to provide, in the aggregate, 200% exposure to the price performance of SpaceX on a daily basis. The fund manager will attempt to achieve its investment objective without regard to overall market movement or the increase or decrease of the value of SpaceX. It is non-diversified.
SPAX top holdings
| Holding | Sector | Weight |
|---|---|---|
| First American Funds Inc. - Government Obligations Fund FGXXX | – | 98.20% |
| RMG Acquisition Corp III RMGC | Financial Services | 1.23% |
| Spree Acquisition 1 Corp Ltd SHAP | Financial Services | 0.03% |
| Corner Growth Acquisition Corp 2 TRON_old | Financial Services | 0.02% |
| Northern Star Investment Corp IV NSTD | Financial Services | 0.00% |
| Ness Technologies Inc NSTC_old | Financial Services | 0.00% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
SPAX sector breakdown
| Sector | Weight |
|---|---|
| Financial Services | 100.0% |
By region: North America 97.5%, Asia Emerging 2.5%.
SPAX returns and risk
| Year to date | +0.4% |
|---|---|
| 1 year | +5.0% |
| 3 years (annualised) | +4.5% |
| 5 years (annualised) | 0.0% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 1.2% |
| Sharpe ratio (3 years) | 0.12 |
Past returns do not guarantee future results.
SPAX: frequently asked questions
What does SPAX invest in?
T-REX 2X Long SPCX Daily Target ETF invests in a portfolio of securities. Its largest holdings are First American Funds Inc. - Government Obligations Fund (98.2%), RMG Acquisition Corp III (1.2%), Spree Acquisition 1 Corp Ltd (0.0%), Corner Growth Acquisition Corp 2 (0.0%), Northern Star Investment Corp IV (0.0%).
What is the SPAX expense ratio?
0.72% a year: about $72.00 for every $10,000 invested.
What is the SPAX dividend yield?
4.14%. ATLAS does not hold the exact distribution dates for ETFs.
Will SPAX go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 45%, with a likely range (50%) of $6.44 to $8.79 from $7.74 today. It is a probability, not a prediction.
How has SPAX performed?
Year to date +0.4%, one year +5.0%, three years +4.5% a year, five years 0.0% a year. Past returns do not guarantee future results.
Similar ETFs: Leveraged
Educational information, not investment advice. Disclaimer