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Launched · SEC filings

Defiance Daily Target 2X Long OSCR ETF

OSCXNasdaqDefianceDThis 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.

$32.80+1.37 (+4.35%)

At close: Nov 2, 2026, 4:00 PM ET

D36/ 100

Rank 295 of 380 in Single-Stock Long Leveraged

D36/100Rank 295 of 380inSingle-Stock Long Leveraged
Intraday session: up, 77 prints from 31.43 to 32.80. Range 30.72 to 33.17. Use the arrow keys to read each point.31.0032.0032.5010 AM12 PM2 PM4 PM
Expense ratio
1.32%
Fund size
$7M
1Y total return
+35.2%
Yield · Last 12 months
No data
Holdings
8
Avg volume · 30D
7.03K sh
52W range
low $5.88high $136.00
Launched
Filings
SEC EDGAR

The ETF.net OSCX Grade

Based on 5 of 6 pillars

D

Score 36 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
295 of 380
Six-pillar profile for OSCX. Scores out of 100: Cost 25, Risk 65, Mission 91, Tradability 23, Holdings not scored, Durability 62. Strongest: Mission (91). Weakest: Tradability (23). Based on 5 of 6 pillars.

Score 36 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.
    D25 out of 100
    Rank 272 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A91 out of 100
    Rank 70 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B65 out of 100
    Rank 94 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F23 out of 100
    Rank 321 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 117 of 380

Our read on OSCX

ETF.net Research

In short

DThe first 2X wrapper on Oscar Health: 200% of OSCR's daily move, reset every session, inside a plain brokerage account. The trade-offs are a 1.32% fee and one health insurtech stock carrying the entire position.

Stated mandate

The Fund seeks daily investment results equal to 200% of the daily performance of Oscar Health, Inc.

Why people hold it

  • Defiance launched it in September 2025 as the first 2X long ETF on Oscar Health, putting an amplified bet on OSCR in a normal brokerage account with no margin or options approval.yahoo.com
  • The mandate is one testable line: 200% of Oscar Health's daily performance. It has stayed close to that daily target.
  • Leverage is rebuilt each day rather than left to drift, so stated exposure starts every session back at 2x the reference stock.

Worth knowing

  • At 1.32% with no waiver, it costs more than the typical fund in its category and more than top-ranked 2x peers such as TSMG (0.76%) and OKTG (0.75%).
  • Hold past one day and compounding takes over: in choppy stretches, multi-day results can diverge meaningfully from 2x OSCR's move over the same period.yahoo.com
  • Small and thinly traded next to the big single-stock leveraged names, and young since its 2025 launch, so there is little track record and spreads can run wide.

OSCX Performance

Launched Sep 24, 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.
OSCX$13,518
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. OSCX $13,518. SPY $11,199. Use the arrow keys to read each point.$5,000$10,000$15,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – 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 OSCX. Periods over one year show the average yearly return.
PeriodOSCX
Year to date+156.2%
1 month−8.1%
3 months−19.3%
1 year+35.2%
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 OSCX
YearReturn barOSCX
2026 YTD+156.2%
2025−51.6%

History from Sep 25, 2025

OSCX in the news

OSCX Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

OSCX Risk

Risk pillarB65 out of 100Rank 94 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.
166.5%
Annualised · 13 months to Oct 2026
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.
0.57
vs 3-month T-bills · 13 months to Oct 2026
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.
−84.5%
13 months · trough Mar 2026
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.
2.67
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.

OSCX Cost

Compare OSCX and GOGL

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

$19,513

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

  • OSCX 1.32%

    $23,668

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • OSCX 1.32%
  • 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$25K051015202530OSCX $23,668GOGL $4,155

Year by year

YearOSCXGOGLOverpaying
10$2,296$365$1,931
20$8,507$1,421$7,086
30$23,668$4,155$19,513

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