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Launched · SEC filings

Defiance Daily Target 2X Long BITF ETF

KEEXCboeDefianceDThis 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.

$1.71−0.38 (−17.99%)

As of Nov 2, 2026, 3:59 PM ET

D28/ 100

Rank 333 of 380 in Single-Stock Long Leveraged

D28/100Rank 333 of 380inSingle-Stock Long Leveraged
Intraday session: down, 79 prints from 2.08 to 1.71. Range 1.71 to 2.10. Use the arrow keys to read each point.1.801.902.0010 AM12 PM2 PM4 PM
Expense ratio
1.35%
Fund size
$3M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
8
Avg volume · 30D
162K sh
52W range
low $2.01high $45.42
Launched
Filings
SEC EDGAR

The ETF.net KEEX Grade

Based on 5 of 6 pillars

D

Score 28 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
333 of 380
Six-pillar profile for KEEX. Scores out of 100: Cost 21, Risk 37, Mission 92, Tradability 26, Holdings not scored, Durability 54. Strongest: Mission (92). Weakest: Cost (21). Based on 5 of 6 pillars.

Score 28 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.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
28
This cap took
0
Published Score
28 Grade D

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F21 out of 100
    Rank 300 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A92 out of 100
    Rank 64 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D37 out of 100
    Rank 239 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D26 out of 100
    Rank 309 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 159 of 380

Our read on KEEX

ETF.net Research

In short

DKEEX launched as a 2x Bitfarms tracker, then changed name and ticker when the miner redomiciled to the US and rebranded as Keel Infrastructure. The mechanic never moved: two times KEEL's daily move, one trading day at a time.

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

  • Does one job and says it plainly: two times the daily percentage change in Keel Infrastructure's share price, before fees. Day to day it has tracked that target closely.defianceetfs.com
  • It followed its underlying through a full identity change: Bitfarms redomiciled to the US and became Keel Infrastructure in 2026, and the fund's name and ticker moved with it.sec.govsec.gov 2
  • Amplified exposure to a single stock from a plain brokerage ticker: no margin account, no options chain, no borrowing to arrange yourself.defianceetfs.com

Worth knowing

  • The 2x target resets daily. Hold longer and compounding takes over, so multi-day results can land well away from twice the stock's move, especially in choppy markets.defianceetfs.com
  • At 1.35% a year it prices above the single-stock leveraged norm. Leverage Shares' 2x wrappers on other names (OKTG at 0.75%, TSMG at 0.76%) show how cheap the plumbing gets.
  • One stock, doubled, mid-pivot from bitcoin mining to data centers. It is also smaller and less traded than the category's giants, so spreads can run wider.defianceetfs.com

KEEX Holdings

Asset class
Other
Holdings
8
Top-10 weight
267%
Largest holding
United States Treasury Bill 11/19/202659.1%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataUnited States Treasury Bill 11/19/202659.05%1,890,000$1.89M62
2No dataKeel Infrastructure Corp.-Swap-Jnst-L41.14%637,970$1.31M1
3No dataKeel Infrastructure Corp Com Shs Swap Mrex-L41.04%636,497$1.31M1
4No dataKeel Infrastructure Corp Com Shs Swap Cs-L39.48%612,235$1.26M1
5No dataKeel Infrastructure Corp Com Shs Swap Nbc-L38.62%598,950$1.23M1
6No dataKeel Infrastructure Corp Com Shs Swap Cant-L36.79%570,607$1.18M1
7No dataFirst American Government Obligations Fund 12/01/20317.77%248,373$248K477
8No dataKeel Infrastructure Corp.-Swap-Nmra-L3.41%52,858$109K1

Showing 1–8 of 8 holdings

KEEX Performance

Launched Dec 29, 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.Not enough history yet.
KEEX$1,937
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. KEEX $1,937. SPY $10,141. Use the arrow keys to read each point.$2,500$5,000$7,500$10,000Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – 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 KEEX. Periods over one year show the average yearly return.
PeriodKEEX
Year to dateHistory unavailableNo data
1 month−69.7%
3 months−80.6%
1 yearFund is under 1 year oldNo data
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 KEEX
YearReturn barKEEX
2026 YTD−47.1%

History from Mar 30, 2026

KEEX in the news

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 Oct 30, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Dec 2025. No distributions yet.

KEEX Risk

Risk pillarD37 out of 100Rank 239 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.
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.

FMP measures it over up to five years of monthly returns.

KEEX Cost

Compare KEEX and GOGL

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

$19,958

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

  • KEEX 1.35%

    $24,113

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • KEEX 1.35%
  • 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$25K051015202530KEEX $24,113GOGL $4,155

Year by year

YearKEEXGOGLOverpaying
10$2,346$365$1,981
20$8,678$1,421$7,257
30$24,113$4,155$19,958

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