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ANEL

GradeCNASDAQ Global Select

Defiance Daily Target 2X Long ANET ETF

Leveraged · Single-Stock Leveraged · Defiance · Inception 2025-09-03

This 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.

$27.47−0.33 (−1.19%)

As of Sep 23, 2026, 2:18 PM EDT

History starts Sep 4, 2025.
Intraday session: down, 41 prints from 27.80 to 27.47. Range 26.80 to 27.95. Use the arrow keys to read each point.$27.00$28.0010 AM12 PM2 PM4 PM
Expense ratio
1.45%
Fund size
$17M
1Y return
+27.2%
Yield · Last 12 months
—
Holdings
9
Volume · 30D
0.2M sh
NAV per share
$28.03
52W range
low $11.38high $31.74

The ETF.net ANEL Grade

C

42/ 100

Rank 121 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for ANEL. Scores out of 100: Cost 21, Risk 68, Mission 94, Tradability 53, Holdings not scored, Durability 66. Strongest: Mission (94). Weakest: Cost (21). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 42 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 21
    Category rank299/380 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 94
    Category rank61/147 · top 41%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 68
    Category rank69/285 · top 24%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 53
    Category rank161/380 · top 42%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 66
    Category rank92/380 · top 24%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

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 Sep 20, 2026, 5:08 AM
Asset class
Other
Holdings
9
Top-10 weight
236%
Largest holding
ARISTA NETWORKS INC SWAP CANTOR37.4%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—ARISTA NETWORKS INC SWAP CANTOR37.41%29,760$6M1
002—ARISTA NETWORKS SWAP CS36.36%28,922$6M1
003—ARISTA NETWORKS, INC.-SWAP-NBCB-L35.16%27,966$6M1
004—ARISTA NETWORKS INC SWAP MAREX34.90%27,759$6M1
005—ARISTA NETWORKS, INC.-SWAP-NMRA-L34.28%27,268$5M1
006—United States Treasury Bill 11/19/202630.07%4,800,000$5M48
007—ARISTA NETWORKS SWAP BMO-L21.88%17,407$3M1
008—First American Government Obligations Fund 12/01/20315.92%938,419$938K625

Showing 1–8 of 8 holdings

ANEL Performance

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

ANEL$12,717
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. ANEL $12,717. SPY $11,723. Use the arrow keys to read each point.$4,507$9,572$14,637Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+71.7%
1 month+13.7%
3 months+21.7%
1 year+27.2%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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+71.7%
2025−23.3%

History from Sep 4, 2025

ANEL in the news

ETF.net Research hasn’t filed on ANEL yet — coverage lands here as it’s written.

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.
—
No data available
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.
—
No data available
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%
12 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.
6.16
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%

264 of the 329 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.