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Launched

Defiance Daily Target 2X Long ANET ETF

ANELNasdaqCThis 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.

$27.24−1.76 (−6.06%)

At close: Oct 13, 2026, 4:00 PM

C45/ 100

Rank 107 of 380 in Single-Stock Long Leveraged

C45/100Rank 107 of 380inSingle-Stock Long Leveraged
Intraday session: down, 69 prints from 29.00 to 27.24. Range 25.66 to 27.80. Use the arrow keys to read each point.26.0028.0010 AM12 PM2 PM4 PM
Expense ratio
1.45%
Fund size
$16M
1Y total return
+19.9%
Yield · Last 12 months
—
Holdings
8
Avg volume · 30D
0.2M sh
NAV per share
$30.75
52W range
low $11.38high $31.74
Launched

The ETF.net ANEL Grade

Based on 5 of 6 pillars

C

Score 45 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
107 of 380
Six-pillar profile for ANEL. Scores out of 100: Cost 21, Risk 65, Mission 92, Tradability 68, Holdings not scored, Durability 65. Strongest: Mission (92). Weakest: Cost (21). Based on 5 of 6 pillars.

Score 45 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.
    F21 out of 100
    Rank 299 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A92 out of 100
    Rank 69 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B65 out of 100
    Rank 95 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B68 out of 100
    Rank 90 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.
    B65 out of 100
    Rank 96 of 380

Our read on ANEL

ETF.net Research

CMost 2x single-stock ETFs point at Apple or Nvidia. ANEL aims the same daily-doubled machinery at Arista Networks, the switch maker wiring AI data centers, and it has stuck close to that daily target since its 2025 launch.

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

  1. 01Two times ANET's daily move before fees, reset each day. No margin account, no borrowing, and losses are limited to what you put in.defianceetfs.com
  2. 02Hitting the daily target is the entire job, and it has tracked closely, landing in the upper half of a crowded leveraged single-stock field.
  3. 03The leverage lands on Arista Networks, a pure-play data-center networking maker, an unusual target on a shelf crowded with mega-cap wrappers.

Worth knowing

  1. 01The 1.31% fee sits above the typical charge in the 2x single-stock aisle, where Leverage Shares clones such as UNHG and ASMG run 0.75%.
  2. 02Daily reset: hold past one session and choppy trading can leave the result short of 2x the stock's move over that stretch.
  3. 03It launched in 2025 and trades lighter than the mega-cap leveraged names, which can show up in wider spreads.

ANEL Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
8
Top-10 weight
250%
Largest holding
United States Treasury Bill 11/19/202647.2%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Bill 11/19/202647.21%7,300,000$7M56
002—Arista Networks, Inc.-Swap-Nbcb-L40.28%29,421$6M1
003—Arista Networks, Inc.-Swap-Nmra-L39.83%29,087$6M1
004—Arista Networks Inc Swap Cantor34.40%25,121$5M1
005—Arista Networks Inc Swap Marex31.42%22,949$5M1
006—Arista Networks Swap Cs30.26%22,098$5M1
007—Arista Networks Swap Bmo-L23.83%17,407$4M1
008—First American Government Obligations Fund 12/01/20312.91%448,780$449K529

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$11,993
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. ANEL $11,993. SPY $12,044. Use the arrow keys to read each point.$4,517$8,916$13,316Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+79.1%
1 month+8.4%
3 months+14.9%
1 year+19.9%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, 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+79.1%
2025−23.3%

History from Sep 4, 2025

ANEL in the news

Filtered to ANEL · Single-Stock Long Leveraged

ANEL Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

ANEL Risk

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.
110.1%
Annualised · 12 months to Sep 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.
0.57
vs 3-month T-bills · 12 months to Sep 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.

ANEL Cost

Expense ratio1.45%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

268 of the 333 Single-Stock Long Leveraged funds charge less.

ANEL costs $145.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.

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