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Launched · SEC filings

Defiance Daily Target 2X Long AVAV ETF

AVXXNasdaqDefianceDThis 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.

$15.23−0.86 (−5.34%)

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

D31/ 100

Rank 317 of 380 in Single-Stock Long Leveraged

D31/100Rank 317 of 380inSingle-Stock Long Leveraged
Intraday session: down, 79 prints from 16.09 to 15.23. Range 15.00 to 16.35. Use the arrow keys to read each point.15.0015.5015.7516.2510 AM12 PM2 PM4 PM
Expense ratio
1.31%
Fund size
$11M
1Y total return
−94.7%
Yield · Last 12 months
No data
Holdings
8
Avg volume · 30D
144K sh
52W range
low $13.02high $322.50
Launched
Filings
SEC EDGAR

The ETF.net AVXX Grade

Based on 5 of 6 pillars

D

Score 31 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
317 of 380
Six-pillar profile for AVXX. Scores out of 100: Cost 25, Risk 24, Mission 84, Tradability 41, Holdings not scored, Durability 63. Strongest: Mission (84). Weakest: Risk (24). Based on 5 of 6 pillars.

Score 31 of 100 falls in the D 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.
    D25 out of 100
    Rank 272 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A84 out of 100
    Rank 108 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F24 out of 100
    Rank 327 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C41 out of 100
    Rank 237 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.
    B63 out of 100
    Rank 109 of 380

Our read on AVXX

ETF.net Research

In short

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

  • Clean 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
  • Delivery matches the label: day to day, the fund has tracked its stated 2x daily target closely.
  • Narrow 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

  • The 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%).
  • Daily reset: hold longer than a session and results can drift well away from 2x AVAV's move over that stretch, especially in choppy markets.
  • Everything 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

Asset class
Other
Holdings
8
Top-10 weight
271%
Largest holding
United States Treasury Bill 11/19/202663.5%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataUnited States Treasury Bill 11/19/202663.52%6,700,000$6.69M62
2No dataAerovironment Inc Swap Jnst-L44.01%36,747$4.63M1
3No dataAerovironment Inc Swap Marex37.40%31,222$3.94M1
4No dataAerovironment Inc Swap Cs36.96%30,854$3.89M1
5No dataAerovironment, Inc.-Swap-Nbcb-L35.53%29,663$3.74M1
6No dataAerovironment Inc Com Swap Can26.51%22,135$2.79M1
7No dataAerovironment Swap Nomura-L19.79%16,524$2.08M1
8No dataFirst American Government Obligations Fund 12/01/20316.78%714,314$714K477

Showing 1–8 of 8 holdings

AVXX Performance

Launched Oct 23, 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.
AVXX$526
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. AVXX $526. SPY $11,199. Use the arrow keys to read each point.$0$5,000$10,000Oct 2025May 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 AVXX. Periods over one year show the average yearly return.
PeriodAVXX
Year to date−86.5%
1 month−24.2%
3 months−37.4%
1 year−94.7%
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 AVXX
YearReturn barAVXX
2026 YTD−86.5%
2025−63.0%

History from Oct 24, 2025

AVXX in the news

AVXX Dividends

Last payment
$0.43 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 $0.43. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$0.43

$10,000 in AVXX 1 year ago paid $13.97 in dividends.

AVXX Risk

Risk pillarF24 out of 100Rank 327 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.
78.3%
Annualised · 12 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.
−2.93
vs 3-month T-bills · 12 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.
−95.6%
12 months · trough Oct 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.
4.30
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.

AVXX Cost

Compare AVXX and GOGL

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

$19,364

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

  • AVXX 1.31%

    $23,519

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • AVXX 1.31%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530AVXX $23,519GOGL $4,155

Year by year

YearAVXXGOGLOverpaying
10$2,280$365$1,915
20$8,450$1,421$7,029
30$23,519$4,155$19,364

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