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Launched · SEC filings

Defiance Daily Target 2X Long AVAV ETF

AVXXNasdaqDThis 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.

$16.72−1.26 (−7.01%)

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

D31/ 100

Rank 314 of 380 in Single-Stock Long Leveraged

D31/100Rank 314 of 380inSingle-Stock Long Leveraged
Intraday session: down, 65 prints from 17.98 to 16.72. Range 16.24 to 17.47. Use the arrow keys to read each point.16.5017.0017.5010 AM12 PM2 PM4 PM
Expense ratio
1.31%
Fund size
$12M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
8
Avg volume · 30D
0.1M sh
NAV per share
$19.51
52W range
low $17.89high $368.73
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
314 of 380
Six-pillar profile for AVXX. Scores out of 100: Cost 27, Risk 21, Mission 84, Tradability 40, Holdings not scored, Durability 62. Strongest: Mission (84). Weakest: Risk (21). 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.
    D27 out of 100
    Rank 265 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A84 out of 100
    Rank 112 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F21 out of 100
    Rank 330 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C40 out of 100
    Rank 247 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.
    B62 out of 100
    Rank 116 of 380

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 Oct 13, 2026
Asset class
Other
Holdings
8
Top-10 weight
272%
Largest holding
United States Treasury Bill 11/19/202659.2%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Bill 11/19/202659.22%6,700,000$7M56
002—Aerovironment, Inc.-Swap-Nbcb-L41.44%35,502$5M1
003—Aerovironment Swap Nomura-L36.71%31,454$4M1
004—Aerovironment Inc Swap Marex33.38%28,599$4M1
005—Aerovironment Inc Swap Jnst-L30.65%26,258$3M1
006—Aerovironment Inc Swap Cs28.99%24,838$3M1
007—Aerovironment Inc Com Swap Can28.94%24,797$3M1
008—First American Government Obligations Fund 12/01/203112.27%1,383,013$1M529

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.Not enough history yet.
AVXX$1,506
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,500
Dec 31, 2025 to Oct 12, 2026. AVXX $1,506. SPY $11,500. Use the arrow keys to read each point.$-273$12,625$25,523Dec 2025May 2026Oct 2026

Dec 31, 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 AVXX. Periods over one year show the average yearly return.
PeriodAVXX
Year to date−84.9%
1 month−22.2%
3 months−28.8%
1 yearFund is under 1 year old—
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 AVXX
YearReturn barAVXX
2026 YTD−84.9%
2025−63.0%

History from Oct 24, 2025

AVXX in the news

Filtered to AVXX · Single-Stock Long Leveraged

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

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.
4.30
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.

AVXX Cost

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

245 of the 333 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.

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