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KEEX

GradeDChicago Board Options Exchange

Defiance Daily Target 2X Long BITF ETF

Leveraged · Single-Stock Leveraged · Defiance · Inception 2025-12-29

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.

$9.13−0.56 (−5.82%)

As of Sep 23, 2026, 3:09 PM EDT

History starts Mar 30, 2026.History starts Mar 30, 2026.History starts Mar 30, 2026.
Intraday session: down, 53 prints from 9.70 to 9.13. Range 8.88 to 9.66. Use the arrow keys to read each point.$8.80$9.00$9.40$9.6010 AM12 PM2 PM4 PM
Expense ratio
1.35%
Fund size
$9M
1Y return
—
Yield · Last 12 months
—
Holdings
9
Volume · 30D
0.1M sh
NAV per share
$9.25
52W range
low $3.84high $45.42

The ETF.net KEEX Grade

D

33/ 100

Rank 248 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for KEEX. Scores out of 100: Cost 22, Risk 48, Mission 90, Tradability 32, Holdings not scored, Durability 60. Strongest: Mission (90). Weakest: Cost (22). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 33 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.
    FScore 22
    Category rank295/380 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 90
    Category rank85/147 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 48
    Category rank141/285 · top 49%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 32
    Category rank257/380 · 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 60
    Category rank127/380 · top 33%

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

Our read on KEEX

ETF.net Research

DA one-stock, one-day instrument. KEEX aims for twice the daily move in Keel Infrastructure, the energy-and-computing company built around large-scale bitcoin mining. The leverage resets every night, so it is built for traders, not drawers.

Stated mandate

The Fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change in Keel Infrastructure Corp.'s share price. It is designed to pursue this objective only for a single trading day.

Why people hold it

  1. 01Aims for 2x the daily percentage change in a single stock (Nasdaq: KEEL) inside an ordinary brokerage account. No margin loan, no options chain to manage.defianceetfs.com
  2. 02Pure single-name exposure. The objective tracks one company's share price rather than a basket, so nothing in the portfolio dilutes the bet you came for.
  3. 03One ticker, two stories: Keel Infrastructure runs energy and computing infrastructure centered on large-scale bitcoin mining, so crypto and the power buildout ride together.defianceetfs.com

Worth knowing

  1. 01The 2x target applies to a single trading day. Hold across days and compounding can push results well away from twice the stock's move, in either direction.
  2. 02Fees run rich for the category: 1.31% a year, against 0.96% at Direxion's 2x AAPU and GGLL and 0.75% at Leverage Shares' UNHG.
  3. 03A small, thinly traded fund on a volatile underlying, so the bid-ask spread can be a real slice of the round-trip cost versus the category's busiest names.

KEEX Holdings

As of Sep 20, 2026, 5:08 AM
Asset class
Other
Holdings
9
Top-10 weight
214%
Largest holding
KEEL INFRASTRUCTURE CORP COM SHS SWAP CS-L36.4%

Geography

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—KEEL INFRASTRUCTURE CORP COM SHS SWAP CS-L36.36%814,383$3M1
002—KEEL INFRASTRUCTURE CORP.-SWAP-JNST-L33.42%748,381$3M1
003—KEEL INFRASTRUCTURE CORP.-SWAP-NMRA-L33.18%743,025$3M1
004—KEEL INFRASTRUCTURE CORP COM SHS SWAP NBC-L33.00%739,113$3M1
005—KEEL INFRASTRUCTURE CORP COM SHS SWAP MREX-L32.83%735,214$3M1
006—KEEL INFRASTRUCTURE CORP COM SHS SWAP CANT-L31.29%700,775$3M1
007—First American Government Obligations Fund 12/01/20318.80%790,160$790K625
008—United States Treasury Bill 11/19/20265.53%500,000$497K48

Showing 1–8 of 8 holdings

KEEX Performance

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

KEEX$2,516
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. KEEX $2,516. SPY $10,415. Use the arrow keys to read each point.$724$5,947$11,170Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – 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 KEEX. Periods over one year show the average yearly return.
PeriodKEEX
Year to dateHistory unavailable—
1 month+42.9%
3 months−74.8%
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 KEEX
YearReturn barKEEX
2026 YTD+145.6%

History from Mar 30, 2026

KEEX in the news

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

KEEX 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.
—Last 12 months
Payout per share
—Last 12 months

Listed Dec 2025. No distributions yet.

KEEX 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 Dec 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 Dec 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 Dec 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.
9.64
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.

KEEX Cost

Expense ratio1.35%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

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

KEEX costs $135.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.