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

TradrSingle-Stock Leverage#224 of 228 by YTD

$1.84

−7.1% last session

−95.7% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Oct 31, 2025 – Nov 3, 2026OPEXS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−7.1%	−54.0%	−82.8%	−95.7%	−98.0%	—	—	−97.7%
Peer average	+4.3%	−22.5%	−23.8%	−25.0%	−34.8%	+35.9%	—	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $3M
Expense ratio: 1.30%
Distribution yield: 0.0%
NAV: $1.98
Volume: 367K
Avg. volume 30D: 204K
High today: $2.05
Low today: $1.84
Previous close: $1.98
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+506.3%$113M

#2MUUDirexion+349.0%$2.4B

#3MULLGraniteShares+331.2%$428M

#4PBRGLeverageShares+316.4%$2.0M

#5AMUUDirexion+204.3%$57.6M

#6AMDLGraniteShares+199.0%$746M

#7AMDGLeverageShares+196.1%$17.9M

#8OSCXDefiance+190.6%$7.5M

#224OPEXTradr−95.7%$3.0M

End-of-day Nov 4, 2026 · 228 Single-Stock Leverage ETFs by YTD

$10,000 in OPEX

$10,000 in OPEX became

$231

In the S&P 500 (VOO)

$11,362

Total return, dividends in · Oct 23, 2025 – Nov 3, 2026 · S&P 500 uses VOO

OPEX Returns by Period

Today

YTD

MAX

OPEX

−7.1%

−54.0%

−82.8%

−95.7%

−98.0%

—

−97.7%

Peer average

+4.3%

−22.5%

−23.8%

−25.0%

−34.8%

+35.9%

—

S&P 500 · VOO

+0.3%

−2.6%

−1.7%

+11.5%

+11.9%

+90.9%

+77.5%

—

End-of-day Nov 4, 2026 · total return, dividends in · peers = 390 Single-Stock Leverage ETFs

OPEX’s Single-Stock Leverage Rank

YTD

#224of 228
single-stock leverage ETFs

Best · DLLL+506.3%

Average−25.0%

OPEX−95.7%

Worst · SMUP−99.4%

Single-Stock Leverage ETFs by YTD return · Nov 4, 2026

OPEX Price and 52-Week Range

From the 52-week high

−98.6%

From the 52-week low

0.0%

Today $1.84 – $2.05

Previous close $1.98

$1.84 now

52-week low$1.8452-week high$128.45

End-of-day Nov 4, 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 4, 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 4, 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%	−40.7%	−45.6%	$3.7B
NVDL	GraniteSharesRead Desk		1.65%	+0.3%	−18.2%	$2.9B
MUU	DirexionRead Desk		1.01%	+349.0%	+563.5%	$2.4B
GGLL	DirexionRead Desk		0.96%	−33.2%	−19.9%	$1.0B
SNXX	TradrRead Desk	New fund	1.49%	new	new	$780M
OPEX	TradrThis fundRead Desk		1.30%	−95.7%	−98.0%	$3M

Single-Stock Leverage peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put OPEX head to head with TSLL →

TSLL vs OPEX

YTD

TSLLDirexionOPEXTradr

Year to date

−40.7%

−95.7%

TSLL wins+54.9 pts

Past year

−45.6%

−98.0%

TSLL wins+52.5 pts

Fee

0.95%

1.30%

TSLL winslower fee

Yield

8.7%

0.0%

TSLL wins+8.7 pts

AUM

$3.7B

$3.0M

TSLL1213.3× more

4–0TSLL wins

Direxion TSLL and Tradr OPEX · year-to-date · as of Nov 4, 2026 · AUM not scored

OPEX vs VOO

YTD

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

−95.7%

VOO · S&P 500

+11.5%

Gap

107.2 pts

Tradr OPEX and Vanguard VOO · YTD total return · as of Nov 4, 2026

OPEX vs Its Peer Average

YTD

OPEXAvsBPeer average

1D−7.1%+4.3%

1M−54.0%−22.5%

3M−82.8%−23.8%

YTD−95.7%−25.0%

1Y−98.0%−34.8%

3Y[…]+35.9%

0–5Peer average wins

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

The Details

OPEX

Risk

5/5our risk indicator

CalmerBumpier

Volatility · 1Y158.47%

Deepest drop · 1Y−98.5%

Lowest point · 5Y−97.7%

52-week range

$1.84

$1.84−98.6% from the high$128.45

Tradr OPEX · past-year price moves · as of Nov 4, 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 4, 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 today367K

Average volume · 30D204K

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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