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Launched · SEC filings

Defiance Daily Target 2X Short RGTI ETF

RGTZNasdaqDefianceCThis 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.

$28.08+2.63 (+10.33%)

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

C40/ 100

Rank 29 of 58 in Single-Stock Inverse

C40/100Rank 29 of 58inSingle-Stock Inverse
Intraday session: up, 79 prints from 25.45 to 28.08. Range 23.88 to 28.46. Use the arrow keys to read each point.24.0026.0027.0010 AM12 PM2 PM4 PM
Expense ratio
1.83%
Fund size
$14M
1Y total return
−54.0%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
680K sh
52W range
low $11.20high $187.40
Launched
Filings
SEC EDGAR

The ETF.net RGTZ Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
Single-Stock Inverse⁠
Rank
29 of 58
Six-pillar profile for RGTZ. Scores out of 100: Cost 5, Risk 43, Mission 83, Tradability 31, Holdings not scored, Durability 53. Strongest: Mission (83). Weakest: Cost (5). Based on 5 of 6 pillars.

Score 40 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.
    F5 out of 100
    Rank 55 of 58

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A83 out of 100
    Rank 29 of 32

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C43 out of 100
    Rank 32 of 54

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D31 out of 100
    Rank 47 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.
    C53 out of 100
    Rank 22 of 58

Our read on RGTZ

ETF.net Research

In short

CThe first ETF built to short Rigetti two-for-one. RGTZ aims for -200% of the quantum computing stock's move each trading day, with the clock reset at every close, and charges 1.83%.

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

  • Aims for -200% of Rigetti's daily move, so one session's drop in the quantum name counts double, bought like any share rather than borrowing stock to short.defianceetfs.com
  • Launched in October 2025 as the first 2X short ETF on Rigetti Computing, part of Defiance's single-stock leveraged lineup.defianceetfs.com
  • One of the more actively traded funds in the single-stock bear group, which matters for a strategy measured in hours rather than quarters.
  • Has stayed close to its stated daily target, and sits in the upper half of its single-stock bear peer group on our review.

Worth knowing

  • The daily reset is the whole story. Hold past the close and returns compound: the prospectus notes losses are possible even if Rigetti's stock falls over a longer stretch.sec.gov
  • At 1.83%, the fee sits above the single-stock bear category median, with no waiver trimming it.
  • A small fund with a short history, and its own documents describe it as a tool for investors who monitor positions frequently, not a buy-and-hold holding.sec.gov

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$4,598
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. RGTZ $4,598. SPY $11,199. Use the arrow keys to read each point.$0$10,000$20,000$30,000Oct 2025Apr 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 RGTZ. Periods over one year show the average yearly return.
PeriodRGTZ
Year to date−76.7%
1 month+64.7%
3 months+7.8%
1 year−54.0%
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 RGTZ
YearReturn barRGTZ
2026 YTD−76.7%
2025+32.6%

History from Oct 9, 2025

RGTZ in the news

RGTZ Dividends

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

No distributions in the last 12 months.

RGTZ Risk

Risk pillarC43 out of 100Rank 32 of 54 in Single-Stock Inverse

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.
180.0%
Annualised · 12 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.
0.49
vs 3-month T-bills · 12 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.
−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.

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

RGTZ Cost

Compare RGTZ and SKHZ

Overpaying vs SKHZ, cheapest in Single-Stock Inverse

$16,272

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

  • RGTZ 1.83%

    $30,754

  • SKHZ 0.75% Cheapest

    $14,482

$10,000
30 years

Cost over time

  • RGTZ 1.83%
  • SKHZ 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530RGTZ $30,754SKHZ $14,482

Year by year

YearRGTZSKHZOverpaying
10$3,117$1,336$1,781
20$11,291$5,078$6,213
30$30,754$14,482$16,272

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