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Launched · SEC filings

Defiance Daily Target 2X Short RGTI ETF

RGTZNasdaqCThis 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.

$22.60+1.48 (+7.02%)

At close: Oct 13, 2026, 4:00 PM

C47/ 100

Rank 28 of 58 in Single-Stock Inverse

C47/100Rank 28 of 58inSingle-Stock Inverse
Intraday session: up, 73 prints from 21.12 to 22.60. Range 21.73 to 22.60. Use the arrow keys to read each point.21.5021.7522.0022.2510 AM12 PM2 PM4 PM
Expense ratio
1.83%
Fund size
$5M
1Y total return
−77.3%
Yield · Last 12 months
—
Holdings
3
Avg volume · 30D
10.7M sh
NAV per share
$19.03
52W range
low $11.20high $187.40
Launched
Filings
SEC EDGAR

The ETF.net RGTZ Grade

Based on 5 of 6 pillars

C

Score 47 out of 100

Category
Single-Stock Inverse⁠
Rank
28 of 58
Six-pillar profile for RGTZ. Scores out of 100: Cost 12, Risk 48, Mission 86, Tradability 58, Holdings not scored, Durability 42. Strongest: Mission (86). Weakest: Cost (12). Based on 5 of 6 pillars.

Score 47 of 100 falls in the C 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.
    F12 out of 100
    Rank 51 of 58

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A86 out of 100
    Rank 28 of 32

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C48 out of 100
    Rank 26 of 52

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B58 out of 100
    Rank 19 of 58

  • 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.
    C42 out of 100
    Rank 37 of 58

Our read on RGTZ

ETF.net Research

CDefiance's -2x daily bet against Rigetti Computing: one ticker that aims to move twice the opposite of the quantum-computing stock each session, no margin account or share borrow required. A stopwatch tool, reset every day.

Stated mandate

The fund seeks daily inverse results of negative two times the daily percentage change in Rigetti Computing, Inc.’s share price. It is intended for short-term tactical use and does not target results beyond one trading day.

Why people hold it

  1. 01Puts a leveraged bearish view on Rigetti inside an ordinary brokerage account: no margin agreement, no locate, no borrow fee. The fund aims for -2x the stock's move each day.defianceetfs.com
  2. 02The 1.29% expense ratio sits right at the median for inverse single-stock funds, so you pay the going rate for this plumbing rather than a premium.
  3. 03Day to day, it has tracked its stated -2x daily target closely, which is the entire job of a daily-reset product.
  4. 04Trading is heavy relative to its small asset base, so moving in and out during market hours is usually straightforward.

Worth knowing

  1. 01The -2x target resets daily. Hold past one session and compounding takes over; in choppy tape the result can diverge sharply from -2x the stock's move over your holding period.defianceetfs.com
  2. 02One stock, doubled and inverted. Rigetti is a volatile quantum-computing name, and an inverse position loses as the shares rise, with no ceiling on how far they can run.defianceetfs.com
  3. 03It launched in October 2025 with a small asset base, a short record next to longer-running bear funds such as TSDD (1.13%) and MSTZ (1.05%), which are cheaper but track other stocks.

RGTZ Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
3
Top-10 weight
300%
Largest holding
Cash & Other281.6%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Cash & Other281.61%14,129,714$14M672
002—United States Treasury Bill 11/19/202617.90%902,000$898K56
003—First American Government Obligations Fund 12/01/20310.68%34,278$34K529

Showing 1–3 of 3 holdings

RGTZ Performance

Launched Oct 8, 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.
RGTZ$2,271
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. RGTZ $2,271. SPY $12,044. Use the arrow keys to read each point.$94$9,392$18,691Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

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.

Trailing total return for RGTZ. Periods over one year show the average yearly return.
PeriodRGTZ
Year to date−80.7%
1 month+21.2%
3 months−12.2%
1 year−77.3%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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 RGTZ
YearReturn barRGTZ
2026 YTD−80.7%
2025+32.6%

History from Oct 9, 2025

RGTZ in the news

Filtered to RGTZ · Single-Stock Inverse

RGTZ Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

RGTZ 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.
—
No data available
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.
—
No data available
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.
−92.9%
12 months · trough Jun 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.
−7.29
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.

RGTZ Cost

Expense ratio1.83%
  • The middle half of Single-Stock Inverse funds
  • Median 1.35%

35 of the 43 Single-Stock Inverse funds charge less.

RGTZ costs $183.00 a year on $10,000. The median Single-Stock Inverse fund costs $135.00.

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