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Launched · SEC filings

Daily Target 2X Long RIOT ETF

RIOXNYSE ArcaDThis 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.

$15.39+0.33 (+2.19%)

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

D29/ 100

Rank 327 of 380 in Single-Stock Long Leveraged

D29/100Rank 327 of 380inSingle-Stock Long Leveraged
Intraday session: up, 78 prints from 15.06 to 15.39. Range 13.70 to 15.56. Use the arrow keys to read each point.14.0014.5010 AM12 PM2 PM4 PM
Expense ratio
1.63%
Fund size
$16M
1Y total return
−79.8%
Yield · Last 12 months
Data unavailable
Holdings
10
Avg volume · 30D
0.2M sh
NAV per share
$15.80
52W range
low $12.96high $142.05
Launched
Filings
SEC EDGAR

The ETF.net RIOX Grade

Based on 5 of 6 pillars

D

Score 29 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
327 of 380
Six-pillar profile for RIOX. Scores out of 100: Cost 5, Risk 34, Mission 99, Tradability 60, Holdings not scored, Durability 70. Strongest: Mission (99). Weakest: Cost (5). Based on 5 of 6 pillars.

Score 29 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 100
    Rank 360 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A99 out of 100
    Rank 5 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D34 out of 100
    Rank 267 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B60 out of 100
    Rank 122 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.
    A70 out of 100
    Rank 60 of 380

Our read on RIOX

ETF.net Research

DTwo times Riot Platforms' daily move, in one ticker. Defiance built RIOX for traders who want amplified single-stock exposure a day at a time, and it hits that daily target closely.

Stated mandate

The Fund seeks daily leveraged investment results of 200% of the daily percentage change in Riot Platforms, Inc.'s share price. It uses swaps and/or listed options and rebalances daily, so returns for periods beyond one day may differ substantially from 2X.

Why people hold it

  1. 01Built to do one thing: 200% of Riot Platforms' daily percentage change, via swaps and listed options with a daily rebalance. One of the stronger implementations in a crowded leveraged single-stock field.
  2. 02The fee runs 0.95% a year, a shade under the typical charge among leveraged single-stock funds. Cheap it isn't. Competitive it is.
  3. 03Leverage shows up in a plain 1940 Act fund you buy like any share: no margin account, no swap desk, no derivatives paperwork on your side.

Worth knowing

  1. 01The daily reset compounds. Hold past one day and results can differ substantially from 2X, with a choppy, back-and-forth tape doing the most damage.
  2. 02Two times a single stock is a volatile package. The drawdowns amplify exactly as cleanly as the upside does.
  3. 03Launched in 2025 and moderately traded rather than deeply liquid, so spreads and limit orders matter more here than in the category's giants.

RIOX Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
10
Top-10 weight
252%
Largest holding
United States Treasury Bill 11/19/202645.2%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Bill 11/19/202645.24%7,002,000$7M56
002—Riot Platforms Swap Nomura-L32.16%301,007$5M1
003—Riot Platforms Inc Swap - L -Marex31.69%296,602$5M1
004—Riot Platforms, Inc.-Swap-Nbcb-L30.75%287,828$5M1
005—Riot Platforms Swap - L -Cantor30.18%282,503$5M1
006—Riot Platforms Inc Swap Jnst-L27.88%260,947$4M1
007—Riot Platforms Inc Swap Cs26.67%249,588$4M1
008—Riot Platforms, Inc.-Swap-Mscs-L14.96%140,000$2M1
009—First American Government Obligations Fund 12/01/20316.29%969,356$969K529
010—Riot Platforms Inc Swap Bmo5.88%55,022$906K1

Showing 1–10 of 10 holdings

RIOX Performance

Launched Jan 2, 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.
RIOX$2,019
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. RIOX $2,019. SPY $12,044. Use the arrow keys to read each point.$1,025$6,951$12,876Oct 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 RIOX. Periods over one year show the average yearly return.
PeriodRIOX
Year to date−28.8%
1 month−44.9%
3 months−54.4%
1 year−79.8%
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 RIOX
YearReturn barRIOX
2026 YTD−28.8%
2025−58.6%

History from Jan 3, 2025

RIOX in the news

Filtered to RIOX · Single-Stock Long Leveraged

RIOX Dividends

Last payment
$12.85 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $12.85. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$12.85

RIOX 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.
179.6%
Annualised · 20 months to Sep 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 · 20 months to Sep 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.
−83.7%
21 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.
9.28
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.

RIOX Cost

Expense ratio1.63%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

313 of the 333 Single-Stock Long Leveraged funds charge less.

RIOX costs $163.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.

Other funds in Single-Stock Long Leveraged

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