Skip to content
etf.net

Launched · SEC filings

Defiance Daily Target 2X Long DRAM ETF

DRALCboeBThis 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.

$8.69−0.64 (−6.85%)

As of Oct 13, 2026, 3:59 PM

B60/ 100

Rank 36 of 380 in Single-Stock Long Leveraged

B60/100Rank 36 of 380inSingle-Stock Long Leveraged
Intraday session: down, 63 prints from 9.33 to 8.69. Range 8.21 to 8.69. Use the arrow keys to read each point.8.208.409.009.2010 AM12 PM2 PM4 PM
Expense ratio
0.71%
Fund size
$15M
1Y total return
—
Yield · Last 12 months
—
Holdings
7
Avg volume · 30D
0.3M sh
NAV per share
$10.22
52W range
low $7.04high $25.52
Launched
Filings
SEC EDGAR

The ETF.net DRAL Grade

Based on 4 of 6 pillars

B

Score 60 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
36 of 380
Six-pillar profile for DRAL. Scores out of 100: Cost 78, Risk 34, Mission not scored, Tradability 53, Holdings not scored, Durability 54. Strongest: Cost (78). Weakest: Risk (34). Based on 4 of 6 pillars.

Score 60 of 100 falls in the B 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.
    A78 out of 100
    Rank 84 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D34 out of 100
    Rank 267 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C53 out of 100
    Rank 156 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.
    C54 out of 100
    Rank 161 of 380

DRAL Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
7
Top-10 weight
215%
Largest holding
Roundhill Memory Etf-Swap-Swap-Nmra-L42.4%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Roundhill Memory Etf-Swap-Swap-Nmra-L42.38%102,519$6M1
002—Roundhill Memory Etf-Swap-Mrex-L40.54%98,068$5M2
003—Roundhill Memory Etf-Swap-Nbcb-L40.45%97,858$5M1
004—Roundhill Memory Etf-Swap-Clst-L40.35%97,614$5M2
005—Roundhill Memory Etf-Swap-Cant-L36.36%87,967$5M2
006—United States Treasury Bill 11/19/202612.79%1,700,000$2M56
007—First American Government Obligations Fund 12/01/20312.07%274,435$274K529

Showing 1–7 of 7 holdings

DRAL Performance

Launched Jun 24, 2026

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.Not enough history yet.
DRAL$6,088
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. DRAL $6,088. SPY $10,332. Use the arrow keys to read each point.$4,230$7,514$10,798Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – 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 DRAL. Periods over one year show the average yearly return.
PeriodDRAL
Year to dateFund launched this year—
1 month−17.4%
3 months−39.1%
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 DRAL
YearReturn barDRAL
2026 YTD−61.4%

History from Jun 25, 2026

DRAL in the news

Filtered to DRAL · Single-Stock Long Leveraged

DRAL 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 Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Jun 2026. No distributions yet.

DRAL 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 Jun 2026; 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 Jun 2026; 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 Jun 2026; 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.
0.00
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.

DRAL Cost

Expense ratio0.71%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

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

DRAL costs $71.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.

Other funds in Single-Stock Long Leveraged

See others