What does RCAX track?

RCAX is the Daily Target 2X Long RCAT ETF, a Other ETF.

What is the expense ratio of RCAX?

Expense ratio data for RCAX is shown on the page when available from our data provider.

What are the largest holdings in RCAX?

Top holdings include Cash & Other, RED CAT HLDGS SWAP MAREX-L, RED CAT HLDGS SWAP CS-L, RED CAT HOLDINGS, INC.-SWAP-JNST-L, RED CAT HOLDINGS, INC.-SWAP-NBCB-L.

How can PortView analyze RCAX overlap with other ETFs?

PortView computes the holdings overlap between RCAX and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.

Daily Target 2X Long RCAT (RCAX) ETF Holdings & Analysis

ETFOther

$2.84-3.57%

1-year price historyRange $2.21 – $26.28

52-week range$2.84

$2.15$31.62

What RCAX does

RCAX is an investment vehicle that utilizes financial derivatives, specifically swap agreements and short-duration call options, to capitalize on anticipated increases in the stock price of Red Cat Holdings, Inc. (RCAT). Red Cat Holdings is an American technology firm specializing in drones, providing unmanned aerial systems and associated software solutions for military, governmental, and commercial clients. The fund's primary objective is to achieve daily leveraged exposure equivalent to double the daily percentage change in RCAT's share value, which is accomplished through a strategy of daily rebalancing. However, investors holding the fund for longer than a single day should be aware that returns may diverge from the expected 2x multiplier, influenced by factors like market volatility, the effects of compounding, or the rebalancing process itself. To back its derivative contracts, RCAX has the option to hold various assets, including U.S. government securities, money market instruments, exchange-traded funds (ETFs) focused on short-term bonds, and investment-grade corporate debt.

Fund profile

Top holdings

	Holding	Weight
	Cash & Other	34.73%
	RED CAT HLDGS SWAP MAREX-L	11.56%
	RED CAT HLDGS SWAP CS-L	11.06%
	RED CAT HOLDINGS, INC.-SWAP-JNST-L	10.05%
	RED CAT HOLDINGS, INC.-SWAP-NBCB-L	9.78%
	RED CAT HOLDINGS, INC.-SWAP-NMRA-L	9.61%
	RED CAT HLDGS SWAP CF-L	9.10%
	United States Treasury Bill 11/19/2026	2.09%
	First American Government Obligations Fund 12/01/2031	2.02%

Geographic allocation

Other

100.00%

PortView Portfolio Insights

PortView analyzes how RCAX fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.

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Frequently asked questions

What does RCAX track?: RCAX is the Daily Target 2X Long RCAT ETF, a Other ETF.
What is the expense ratio of RCAX?: Expense ratio data for RCAX is shown on the page when available from our data provider.
What are the largest holdings in RCAX?: Top holdings include Cash & Other, RED CAT HLDGS SWAP MAREX-L, RED CAT HLDGS SWAP CS-L, RED CAT HOLDINGS, INC.-SWAP-JNST-L, RED CAT HOLDINGS, INC.-SWAP-NBCB-L.
How can PortView analyze RCAX overlap with other ETFs?: PortView computes the holdings overlap between RCAX and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.

The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.