Defiance Daily Target 2X Long RGTI ETF (RGTX US)
RGTX US$5.43
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Performance
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 5.43
- Change
- ▼ -0.03 (-0.55)
- Bid / Ask
- 5.45 - 5.48
- Volume
- 1,800,879
- Turnover
- 8,005,603
- Open
- 5.50
- Day Range
- 5.17 - 5.58
- VWAP
- 5.27
- Prev Close
- 5.46
- Last Trade
- 28/10 4:00pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$28.0M
OCT 2026
Distributions
Annually
Since inception
1.6 yrs
MAR 2025
- Legal name
- Defiance Daily Target 2X Long RGTI ETF
- Issuer
- Defiance ETFs LLC
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Actively managed
- Morningstar category
- Trading--Leveraged Equity
- Category index
- S&P 500 (TR) (1970)
- Benchmark
- N/A
- ETF net assets
- $28.0M
- Units on issue
- 5.9M
- Management fee
- 1.29% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 31 MAR 2025
- Listed
- 1 APR 2025
Objective and strategy
The investment seeks daily investment results, before fees and expenses, of two times (200%) the daily percentage change in the share price of Rigetti Computing, Inc. The fund is an actively managed exchange traded fund (“ETF”) that attempts to achieve two times (200%) the daily percentage change in the share price of the underlying security by employing derivatives, namely swap agreements and/or listed options contracts. The fund is non-diversified.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 0.00%Non-US equity 124.86%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 124.86 | 124.86 | 0.00 |
| Bond | 0.00 | 0.00 | 0.00 |
| Cash | -97.42 | 138.57 | 235.98 |
| Other | 72.55 | 85.81 | 13.26 |
Portfolio statistics · 22 OCT 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Assets in top 10
- 210.67%
Top holdings · top 10 = 255.55% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| United States Treasury Bills 0% | 49.97 | — | 21.6M | USD | 21.8M | — | United States | |
| RIGETTI COMPUTING INC.-SWAP-MSCS-L | 32.54 | — | 14.1M | USD | 895,000 | — | — | |
| RIGETTI COMPUTING INC SWAP NOMURA | 27.42 | — | 11.9M | USD | 754,253 | — | — | |
| RIGETTI COMPUTING INC SWAP JNST-L | 26.96 | SEP 2026 | 11.7M | USD | 741,516 | — | — | |
| Rigetti Computing Swap Marex-L | 26.52 | SEP 2026 | 11.5M | USD | 729,308 | — | — | |
| Rigetti Computing Swap Nbc-L | 26.30 | SEP 2026 | 11.4M | USD | 723,248 | — | — | |
| RIGETTI COMPUTING INC SWAP CANTOR | 24.97 | SEP 2026 | 10.8M | USD | 686,789 | — | — | |
| Rigetti Computing Swap Cs-L | 24.20 | SEP 2026 | 10.5M | USD | 665,694 | — | — | |
| RIGETTI COMPUTING INC SWAP BMO | 11.25 | — | 4.9M | USD | 309,332 | — | — | |
| First American Government Obligs X FGXXX | 5.41 | — | 2.3M | USD | 2.3M | — | United States |
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
-4.4
3M
-49.2
6M
-36.2
YTD
-80.6
1Y
-93.6
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -4.39 | -4.49 | -4.29 | — |
| 3 months | -49.21 | -49.35 | -49.05 | — |
| 6 months | -36.20 | -36.30 | -35.79 | — |
| Year to date | -80.64 | -80.72 | -80.45 | — |
| 1 year | -93.62 | -93.66 | -93.53 | — |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Risk statistics · 30 SEP 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | -211.43 | — | — | — |
| Beta | 8.46 | — | — | — |
| R-squared | 42.54 | — | — | — |
| Standard deviation | 171.04 | — | — | — |
| Sharpe ratio | -0.66 | — | — | — |
| Sortino ratio | -0.94 | — | — | — |
| Tracking error | 162.75 | — | — | — |
| Information ratio | -0.67 | — | — | — |
| Upside capture % | -289.00 | — | — | — |
| Downside capture % | 2,367.00 | — | — | — |
| Maximum drawdown % | -94.26 | — | — | — |
Measured against S&P 500 (TR) (1970) with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
- Best quarter
- 519.95% · OCT 2025
- Worst quarter
- -88.35% · JAN 2026
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 1.29% p.a.
- PDS dated
- 28 AUG 2026
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.2650
- Ex Date
- 30 DEC 2025
- Record Date
- 30 DEC 2025
- Pay Date
- 31 DEC 2025
- NAV at ex date
- 49.77
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
0.3
| Year | Per unit ($) |
|---|---|
| 2024 | 0.2650 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 30 DEC 2025 | 0.2650 |
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
- Category average
- 9.42%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Christopher P. Mullen
- Brett Johnson
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 2
- Average tenure
- 0.9 years
- Longest tenure
- 1.6 years
- Longest serving
- Christopher P. Mullen · since 31 MAR 2025
- Most recent appointment
- Brett Johnson · since 28 AUG 2026
- Managed since
- 31 MAR 2025
- Other funds managed
- 234
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
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