Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Daily Target 2X Long RGTI ETF
DThis 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.
$6.06−0.47 (−7.20%)
- 1.56%
- $34M
- −97.8%
- 1.1M sh
- $7.34
- low $6.51high $501.80
The ETF.net RGTX Grade
D
Score 26 out of 100
- 349 of 380
Score 26 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.F5 out of 100Rank 360 of 380Mission
Whether the fund did what it promised, tested against its stated mandate.A97 out of 100Rank 20 of 148Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F9 out of 100Rank 358 of 363Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B69 out of 100Rank 87 of 380Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A73 out of 100Rank 48 of 380
Our read on RGTX
DThe first ETF to bolt 2x daily leverage onto Rigetti Computing, out months before anyone else tried it. One volatile quantum-computing stock, doubled each day, reset every close, no margin account needed.
The Fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change in the share price of Rigetti Computing, Inc.
Why people hold it
- Defiance got here first. RGTX listed in spring 2025, nearly three months before the next 2x Rigetti fund, and it trades actively rather than sitting as a ghost listing.nasdaq.comprnewswire.com
- The machinery does what the label says: two times Rigetti's daily percentage move, with tracking that has stayed tight against that target and ranks among the better builds in its leveraged single-stock group.
- Leverage in a plain wrapper. It is a registered 1940 Act fund, so the amplified exposure arrives without a margin account or options approval.nasdaq.com
Worth knowing
- You pay up for the niche: 1.29% a year, above the roughly 1.01% typical of leveraged single-stock funds and well above 0.75% builds like AMDG or ASMG (different underlying stocks).
- The 2x target applies to one day only. The fund resets at each close, so over longer stretches, especially choppy ones, results can drift far from twice the stock's move.defianceetfs.com
- Concentration squared: a single quantum-computing stock that swings hard on its own, then doubled in both directions. Among the more volatile profiles even in a leveraged cohort.
RGTX Holdings
- Other
- 10
- 272%
- United States Treasury Bill 11/19/2026
Sectors
- Technology100.0%
RGTX Performance
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.
RGTX$218
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.
| Period | RGTX |
|---|---|
| Year to date | −86.6% |
| 1 month | −28.5% |
| 3 months | −50.6% |
| 1 year | −97.8% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | RGTX |
|---|---|---|
| 2026 YTD | −86.6% | |
| 2025 | +152.9% |
RGTX in the news
RGTX Dividends
- $0.26 per share
- Irregular
Distribution data unavailable.
Distribution history
RGTX 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.
- 233.0%
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.
- 0.56
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.
- −98.6%
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.
- 9.69
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
RGTX Cost
1.56%
RGTX1.56%
- The middle half of Single-Stock Long Leveraged funds
- Median 0.98%
312 of the 333 Single-Stock Long Leveraged funds charge less.
Other funds in Single-Stock Long Leveraged
- DKTUPETF Opportunities Trust - T-REX 2X Long KTOS Daily Target ETFExpense ratio 1.50%1 year return −90.9%
- DMSTPGraniteShares 2x Long MSTR Daily ETFExpense ratio 2.30%1 year return −89.2%
- DTTDUETF Opportunities Trust - T-REX 2X Long TTD Daily Target ETFExpense ratio 1.50%1 year return −97.1%
- DAXTUETF Opportunities Trust - T-REX 2X Long AXTI Daily Target ETFExpense ratio 1.50%1 year return —
- DGLXUETF Opportunities Trust - T-REX 2X Long GLXY Daily Target ETFExpense ratio 1.50%1 year return −91.1%