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Launched

Defiance Daily Target 2X Long ANET ETF

ANELNasdaqDefianceCThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$16.92−0.97 (−5.44%)

At close: Nov 2, 2026, 4:00 PM ET

C44/ 100

Rank 117 of 380 in Single-Stock Long Leveraged

C44/100Rank 117 of 380inSingle-Stock Long Leveraged
Intraday session: down, 79 prints from 17.90 to 16.92. Range 16.73 to 18.59. Use the arrow keys to read each point.17.5018.5010 AM12 PM2 PM4 PM
Expense ratio
1.45%
Fund size
$10M
1Y total return
−27.7%
Yield · Last 12 months
No data
Holdings
8
Avg volume · 30D
241K sh
52W range
low $11.38high $31.74
Launched

The ETF.net ANEL Grade

Based on 5 of 6 pillars

C

Score 44 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
117 of 380
Six-pillar profile for ANEL. Scores out of 100: Cost 19, Risk 70, Mission 95, Tradability 65, Holdings not scored, Durability 64. Strongest: Mission (95). Weakest: Cost (19). Based on 5 of 6 pillars.

Score 44 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F19 out of 100
    Rank 308 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A95 out of 100
    Rank 40 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A70 out of 100
    Rank 72 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B65 out of 100
    Rank 102 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B64 out of 100
    Rank 101 of 380

Our read on ANEL

ETF.net Research

In short

CGeared Arista Networks in one ticker: ANEL targets 200% of ANET's daily move via swaps, no margin account needed. A one-day trading tool carrying a 1.45% fee with no waiver, above what rival 2x funds charge.

Stated mandate

The fund seeks two times the daily return of Arista Networks, Inc. before fees and expenses, using a single-day leveraged strategy rather than targeting results over longer periods.

Why people hold it

  • Two times ANET's daily move before fees and expenses, through swap agreements. Geared exposure inside a cash brokerage account, no margin account or options approval required.defianceetfs.com
  • It has stayed close to its stated 2x daily target, the core job of a geared fund, and ranks in the upper half of a crowded single-stock leveraged field.
  • A single-ticker way to trade Arista, the cloud and AI data-center networking supplier, with the swing doubled in whichever direction the stock moves that day.defianceetfs.com

Worth knowing

  • The 1.45% fee, with no waiver in place, sits above the category median and above 2x peers such as TSMG (0.76%) and OKTG (0.75%), neither of which waives fees.
  • The 2x target resets daily. Hold longer and compounding can push results well away from twice ANET's move over that stretch, especially in choppy markets.defianceetfs.com
  • One company carries the whole fund, so a single earnings report or guidance cut moves it twice as hard. It is also small and young, launched in 2025.

ANEL Holdings

Asset class
Other
Holdings
8
Top-10 weight
263%
Largest holding
United States Treasury Bill 11/19/202656.2%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataUnited States Treasury Bill 11/19/202656.20%5,762,000$5.75M62
2No dataArista Networks Inc Swap Cantor42.35%25,670$4.33M1
3No dataArista Networks Swap Cs38.67%23,435$3.96M1
4No dataArista Networks, Inc.-Swap-Nmra-L37.32%22,618$3.82M1
5No dataArista Networks, Inc.-Swap-Nbcb-L33.53%20,325$3.43M1
6No dataArista Networks Inc Swap Marex27.11%16,434$2.78M1
7No dataArista Networks Swap Bmo-L21.14%12,812$2.16M1
8No dataFirst American Government Obligations Fund 12/01/20316.32%646,946$647K477

Showing 1–8 of 8 holdings

ANEL Performance

Launched Sep 3, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
ANEL$7,234
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. ANEL $7,234. SPY $11,199. Use the arrow keys to read each point.$5,000$7,500$10,000$12,500Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ANEL. Periods over one year show the average yearly return.
PeriodANEL
Year to date+10.5%
1 month−35.0%
3 months−21.7%
1 year−27.7%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ANEL
YearReturn barANEL
2026 YTD+10.5%
2025−23.3%

History from Sep 4, 2025

ANEL in the news

ANEL Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

ANEL Risk

Risk pillarA70 out of 100Rank 72 of 368 in Single-Stock Long Leveraged

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
112.4%
Annualised · 13 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.23
vs 3-month T-bills · 13 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−56.5%
13 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
6.04
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

ANEL Cost

Compare ANEL and GOGL

Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged

$21,415

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ANEL 1.45%

    $25,570

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • ANEL 1.45%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530ANEL $25,570GOGL $4,155

Year by year

YearANELGOGLOverpaying
10$2,509$365$2,144
20$9,241$1,421$7,820
30$25,570$4,155$21,415

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