Investment Managers Series Trust II - Tradr 2X Long OPEN Daily ETFOPEX

TradrSingle-Stock Leverage#220 of 228 by YTD

$2.35

+27.7% last session

−94.4% YTD

Data as of 11/4/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Oct 6, 2026 – Nov 4, 2026OPEXS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+27.7%	−31.3%	−72.9%	−94.4%	−97.4%	—	—	−97.0%
Peer average	−2.9%	−22.6%	−23.2%	−26.7%	−36.8%	+34.3%	—	—
S&P 500 · VOO	+1.6%	−1.6%	0.0%	+13.4%	+13.5%	+91.7%	+81.2%	—

Key Statistics

Open all fund facts →

AUM: $3M
Expense ratio: 1.30%
Distribution yield: 0.0%
NAV: $1.98
Volume: 409K
Avg. volume 30D: 215K
High today: $2.53
Low today: $2.10
Previous close: $1.84
52-week high: $128.45
52-week low: $1.84
Our risk indicator: 5/5

OPEX in One Breath

OPEX Among Single-Stock Leverage ETFs

YTD

#1DLLLGraniteShares+399.7%$113M

#2PBRGLeverageShares+316.4%$2.0M

#3MUUDirexion+286.1%$2.4B

#4MULLGraniteShares+271.9%$428M

#5OSCXDefiance+240.0%$7.5M

#6AMUUDirexion+209.8%$57.6M

#7AMDLGraniteShares+204.0%$746M

#8AMDGLeverageShares+200.8%$17.9M

#220OPEXTradr−94.4%$3.0M

End-of-day Nov 5, 2026 · 228 Single-Stock Leverage ETFs by YTD

$10,000 in OPEX

$10,000 in OPEX became

$295

In the S&P 500 (VOO)

$11,546

Total return, dividends in · Oct 23, 2025 – Nov 4, 2026 · S&P 500 uses VOO

OPEX Returns by Period

Today

YTD

MAX

OPEX

+27.7%

−31.3%

−72.9%

−94.4%

−97.4%

—

−97.0%

Peer average

−2.9%

−22.6%

−23.2%

−26.7%

−36.8%

+34.3%

—

S&P 500 · VOO

+1.6%

−1.6%

0.0%

+13.4%

+13.5%

+91.7%

+81.2%

—

End-of-day Nov 5, 2026 · total return, dividends in · peers = 390 Single-Stock Leverage ETFs

OPEX’s Single-Stock Leverage Rank

YTD

#220of 228
single-stock leverage ETFs

Best · DLLL+399.7%

Average−26.7%

OPEX−94.4%

Worst · SMUP−99.5%

Single-Stock Leverage ETFs by YTD return · Nov 5, 2026

OPEX Price and 52-Week Range

From the 52-week high

−98.2%

From the 52-week low

+27.7%

Today $2.10 – $2.53

Previous close $1.84

$2.35 now

52-week low$1.8452-week high$128.45

End-of-day Nov 5, 2026 · box = today’s range, dashed = previous close

OPEX’s Size vs Its Peers

Today

$3.0M#278 by size of 391 single-stock leverage ETFs

AUM · OPEX and the 5 largest peers · Nov 5, 2026

OPEX Fee per $100 vs Peers

Today

$1.30a year
per $100

$130 a year on $10,000

TSLL$0.95

GGLL$0.96

MUU$1.01

OPEX$1.30

SNXX$1.49

NVDL$1.65

Expense ratio · Single-Stock Leverage peers · Nov 5, 2026

Inside OPEX

OPEX

Investment Managers Series Trust II - Tradr 2X Long OPEN Daily ETF

Today

OPEX gets its 2× exposure through swaps and futures, so a list of holdings would not show what you own: […]

Tradr OPEX · holdings

How It Compares

OPEX

Investment Managers Series Trust II - Tradr 2X Long OPEN Daily ETF’s Peers

YTD

		Trend
TSLL	DirexionRead Desk		0.95%	−44.5%	−51.5%	$3.7B
NVDL	GraniteSharesRead Desk		1.65%	−5.8%	−26.5%	$2.9B
MUU	DirexionRead Desk		1.01%	+286.1%	+418.3%	$2.4B
GGLL	DirexionRead Desk		0.96%	−28.9%	−16.1%	$1.0B
SNXX	TradrRead Desk	New fund	1.49%	new	new	$780M
OPEX	TradrThis fundRead Desk		1.30%	−94.4%	−97.4%	$3M

Single-Stock Leverage peers · YTD and past-year returns · as of Nov 5, 2026 · sorted by AUM

Head to Head

Put OPEX head to head with TSLL →

TSLL vs OPEX

YTD

TSLLDirexionOPEXTradr

Year to date

−44.5%

−94.4%

TSLL wins+50.0 pts

Past year

−51.5%

−97.4%

TSLL wins+45.9 pts

Fee

0.95%

1.30%

TSLL winslower fee

Yield

9.3%

0.0%

TSLL wins+9.3 pts

AUM

$3.7B

$3.0M

TSLL1213.3× more

4–0TSLL wins

Direxion TSLL and Tradr OPEX · year-to-date · as of Nov 5, 2026 · AUM not scored

OPEX vs VOO

YTD

OPEX · Investment Managers Series Trust II - Tradr 2X Long OPEN Daily

−94.4%

VOO · S&P 500

+13.4%

Gap

107.8 pts

Tradr OPEX and Vanguard VOO · YTD total return · as of Nov 5, 2026

OPEX vs Its Peer Average

YTD

OPEXAvsBPeer average

1D+27.7%−2.9%

1M−31.3%−22.6%

3M−72.9%−23.2%

YTD−94.4%−26.7%

1Y−97.4%−36.8%

3Y[…]+34.3%

1–4Peer average wins

390 Single-Stock Leverage peers · each row scaled to its leader

The Details

OPEX

Risk

5/5our risk indicator

CalmerBumpier

Volatility · 1Y160.55%

Deepest drop · 1Y−98.5%

Lowest point · 5Y−97.5%

52-week range

$2.35

$1.84−98.2% from the high$128.45

Tradr OPEX · past-year price moves · as of Nov 5, 2026

OPEX

Fund Facts

Today

2025launched Oct 22

Tracks[…]

Exchange · CUSIPCBOE · 46152A478

StructureETF

Leverage2x

Cost on $10,000$130 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Tradr OPEX · fund facts · as of Nov 5, 2026

OPEX

Payouts by Year

Today

$0no payouts on record

OPEX does not pay a distribution.

Distribution yield0.0%

Paid[…]

Latest ex-date · paid[…]

12 payouts added up[…]

Tradr OPEX · distributions by ex-date

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-06-30 ↗SEC reported portfolio · 2026-03-31 ↗SEC reported portfolio · 2025-12-31 ↗summary prospectus · SEC 497K ↗

Trading & Liquidity

Net asset value$1.98

Premium / discount[…]

Median spread · 30D[…]

Volume today409K

Average volume · 30D215K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio1.30%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$130.00

Our risk indicator5/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

No payouts on record: […]

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