---
ticker: "NVOX"
name: "Defiance Daily Target 2X Long NVO ETF"
url: "https://etf.net/etf/NVOX"
grade: "C"
score: 46
graded_at: "2026-10-12"
category: "Single-Stock Long Leveraged"
category_rank: "101 of 380"
methodology: "https://etf.net/methodology"
---

# NVOX: Defiance Daily Target 2X Long NVO ETF

Grade **C**, Score 46 of 100. Rank 101 of 380 in Single-Stock Long Leveraged.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 27 | 265 of 380 |
| Mission | 97 | 20 of 148 |
| Risk | 47 | 184 of 363 |
| Tradability | 75 | 63 of 380 |
| Holdings | Not scored | — |
| Durability | 77 | 27 of 380 |

## Top holdings

The fund holds 9 positions. These are the largest 9, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | United States Treasury Bill 11/19/2026 | 63.99% |
| 2 | — | Novo-Nordisk Swap Ms | 43.26% |
| 3 | — | Novo-Nordisk Inc Swap Cantor | 30.64% |
| 4 | — | Novo-Nordisk Swap Clearstreet | 30.57% |
| 5 | — | Novo-Nordisk Swap Marex | 29.84% |
| 6 | — | Novo-Nordisk A/S-Spons Adr Nomura | 26.49% |
| 7 | — | Novo-Nordisk Swap Nbc-L | 25.08% |
| 8 | — | Novo-Nordisk Swap Bmo-L | 14.17% |
| 9 | — | First American Government Obligations Fund 12/01/2031 | 9.48% |

Source: etf.net, https://etf.net/etf/NVOX. Please cite the page URL.