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AVXX

GradeDNASDAQ Global Market

Defiance Daily Target 2X Long AVAV ETF

Leveraged · Single-Stock Leveraged · Defiance · Inception 2025-10-23

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.

$26.53+0.82 (+3.19%)

As of Sep 23, 2026, 2:19 PM EDT

History starts Oct 24, 2025.History starts Oct 24, 2025.
Intraday session: up, 51 prints from 25.71 to 26.53. Range 25.36 to 27.79. Use the arrow keys to read each point.$26.00$27.00$28.0010 AM12 PM2 PM4 PM
Expense ratio
1.31%
Fund size
$16M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
9
Volume · 30D
0.1M sh
NAV per share
$27.43
52W range
low $20.41high $368.73

The ETF.net AVXX Grade

D

32/ 100

Rank 251 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for AVXX. Scores out of 100: Cost 27, Risk 22, Mission 84, Tradability 42, Holdings not scored, Durability 65. Strongest: Mission (84). Weakest: Risk (22). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 32 of 100 sits in the D 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.
    DScore 27
    Category rank270/380 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 84
    Category rank111/147 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 22
    Category rank261/285 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 42
    Category rank208/380 · mid-pack

  • 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 65
    Category rank101/380 · top 27%

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

Our read on AVXX

ETF.net Research

DOne ticker, one stock, double the daily move. AVXX targets 2x AeroVironment's (AVAV) daily percentage change and resets every session, so its math is built around single days, not long stretches.

Stated mandate

The fund seeks amplified long exposure to AeroVironment Inc., with daily results targeted at two times the underlying stock's daily percentage change.

Why people hold it

  1. 01Clean packaging for a leveraged single-name trade: 2x daily exposure to AVAV through an ordinary brokerage order, with no margin account and no options chain to manage.defianceetfs.com
  2. 02Delivery matches the label: day to day, the fund has tracked its stated 2x daily target closely.
  3. 03Narrow by design. This is the concentrated version of the trade, amplified exposure to a single company rather than a diluted basket, and it changes hands actively for a young fund.

Worth knowing

  1. 01The fee runs 1.31%, above what several established 2x single-stock funds charge (GGLL and AAPU at 0.96%, UNHG and ASMG at 0.75%).
  2. 02Daily reset: hold longer than a session and results can drift well away from 2x AVAV's move over that stretch, especially in choppy markets.
  3. 03Everything rides on one company's headlines, and the 2x multiple magnifies drawdowns as readily as gains. Launched in 2025, so the record is short.

AVXX Holdings

As of Sep 20, 2026, 5:08 AM
Asset class
Other
Holdings
9
Top-10 weight
230%
Largest holding
AEROVIRONMENT, INC.-SWAP-NBCB-L38.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—AEROVIRONMENT, INC.-SWAP-NBCB-L38.02%38,667$6M1
002—AEROVIRONMENT INC COM SWAP CAN36.96%37,583$6M1
003—AEROVIRONMENT INC SWAP MAREX35.08%35,672$6M1
004—AEROVIRONMENT SWAP NOMURA-L34.46%35,043$6M1
005—AEROVIRONMENT INC SWAP CS32.27%32,819$5M1
006—United States Treasury Bill 11/19/202626.27%4,300,000$4M48
007—AEROVIRONMENT INC SWAP JNST-L23.25%23,648$4M1
008—First American Government Obligations Fund 12/01/20313.58%582,940$583K625

Showing 1–8 of 8 holdings

AVXX Performance

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

AVXX$2,153
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. AVXX $2,153. SPY $11,430. Use the arrow keys to read each point.$-82$13,462$27,006Dec 2025May 2026Sep 2026

Dec 31, 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 AVXX. Periods over one year show the average yearly return.
PeriodAVXX
Year to date−78.5%
1 month−9.6%
3 months−13.7%
1 yearFund is under 1 year old—
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 AVXX
YearReturn barAVXX
2026 YTD−78.5%
2025−63.1%

History from Oct 24, 2025

AVXX in the news

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

AVXX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.09 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.09. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$0.09

AVXX 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.
—
Launched Oct 2025; fills in after 12 months
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.
—
Launched Oct 2025; fills in after 12 months
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.
—
Launched Oct 2025; fills in after 12 months
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.
4.45
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.

AVXX Cost

Expense ratio1.31%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

241 of the 329 Single-Stock Long Leveraged funds charge less.

AVXX costs $131.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.