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RGTZ

GradeDNASDAQ Global Select

Defiance Daily Target 2X Short RGTI ETF

Leveraged · Single-Stock Leveraged · Defiance · Inception 2025-10-08 · SEC filings

This 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.

$14.91+0.59 (+4.12%)

As of Sep 23, 2026, 2:16 PM EDT

History starts Oct 9, 2025.History starts Oct 9, 2025.
Intraday session: up, 56 prints from 14.32 to 14.91. Range 12.43 to 15.06. Use the arrow keys to read each point.$13.00$14.0010 AM12 PM2 PM4 PM
Expense ratio
1.83%
Fund size
$9M
1Y return
—
Yield · Last 12 months
—
Holdings
8
Volume · 30D
10.7M sh
NAV per share
$14.33
52W range
low $11.20high $187.40

The ETF.net RGTZ Grade

D

33/ 100

Rank 43 of 58 in Single-Stock Inverse⁠

Confidence Medium

Six-pillar profile for RGTZ. Scores out of 100: Cost 12, Risk 49, Mission not scored, Tradability 56, Holdings not scored, Durability 50. Strongest: Tradability (56). Weakest: Cost (12). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 33 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 12
    Category rank51/58 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 49
    Category rank25/48 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 56
    Category rank20/58 · top 34%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 50
    Category rank29/58 · top 50%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on RGTZ

ETF.net Research

DDefiance'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 Sep 20, 2026, 5:08 AM
Asset class
Other
Holdings
8
Top-10 weight
300%
Largest holding
Cash & Other295.2%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Cash & Other295.19%29,456,463$29M674
002—First American Government Obligations Fund 12/01/20315.01%499,512$500K625

Showing 1–2 of 2 holdings

RGTZ Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

RGTZ$1,310
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. RGTZ $1,310. SPY $11,430. Use the arrow keys to read each point.$-39$8,868$17,775Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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−86.9%
1 month+3.0%
3 months−10.5%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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−86.9%
2025+32.6%

History from Oct 9, 2025

RGTZ in the news

ETF.net Research hasn’t filed on RGTZ yet — coverage lands here as it’s written.

RGTZ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Oct 2025. No distributions yet.

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.
—
Launched Oct 2025; fills in after 12 months
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.
—
Launched Oct 2025; fills in after 12 months
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.
—
Launched Oct 2025; fills in after 12 months
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.
−7.55
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.