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Launched · SEC filings

Daily Target 2X Long RIOT ETF

RIOXNYSE ArcaDefianceDThis 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.

$7.11−1.28 (−15.26%)

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

D26/ 100

Rank 345 of 380 in Single-Stock Long Leveraged

D26/100Rank 345 of 380inSingle-Stock Long Leveraged
Intraday session: down, 79 prints from 8.39 to 7.11. Range 6.89 to 8.50. Use the arrow keys to read each point.7.507.758.0010 AM12 PM2 PM4 PM
Expense ratio
1.63%
Fund size
$13M
1Y total return
−86.3%
Yield · Last 12 months
No data
Holdings
10
Avg volume · 30D
274K sh
52W range
low $7.30high $116.55
Launched
Filings
SEC EDGAR

The ETF.net RIOX Grade

Based on 5 of 6 pillars

D

Score 26 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
345 of 380
Six-pillar profile for RIOX. Scores out of 100: Cost 2, Risk 34, Mission 98, Tradability 52, Holdings not scored, Durability 71. Strongest: Mission (98). Weakest: Cost (2). Based on 5 of 6 pillars.

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.
    F2 out of 100
    Rank 371 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A98 out of 100
    Rank 12 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D34 out of 100
    Rank 258 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C52 out of 100
    Rank 177 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.
    A71 out of 100
    Rank 59 of 380

Our read on RIOX

ETF.net Research

In short

DTwo layers of torque in one ticker: Riot Platforms is already a high-voltage bitcoin mining stock, and RIOX aims to double its move every single day. Defiance launched it in 2025 as the first 2x long fund on the miner. A day-trading instrument, reset nightly.

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

  • Does what the label says: swaps and listed options tuned to 200% of RIOT's daily move, rebalanced every day, with close tracking of that daily target since the January 2025 launch.
  • Defiance launched it as the first 2x long ETF on Riot Platforms, packaging the trade for anyone who would rather not open a margin account.nasdaq.comdefianceetfs.com
  • The leverage sits inside a registered 1940 Act fund, not a brokerage margin line: no margin calls, no borrow to arrange, one ticker to buy and sell.nasdaq.com

Worth knowing

  • The math resets at every close. Hold longer than a day and compounding takes over, so results over weeks or months can land far from 2x, especially after choppy sessions.defianceetfs.com
  • 1.63% a year, no fee waiver softening it. That sits above the category median and well above 2x single-stock peers such as TSMG (0.76%) and OKTG (0.75%).
  • Doubling a bitcoin miner stacks volatility on volatility, among the sharpest risk profiles in an already extreme category, and trading is moderate rather than deep.

RIOX Holdings

Asset class
Other
Holdings
10
Top-10 weight
278%
Largest holding
United States Treasury Bill 11/19/202674.7%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataUnited States Treasury Bill 11/19/202674.66%9,682,000$9.66M62
2No dataRiot Platforms Swap - L -Cantor41.54%419,753$5.38M1
3No dataRiot Platforms Inc Swap Jnst-L38.24%386,368$4.95M1
4No dataRiot Platforms Inc Swap Cs30.81%311,373$3.99M1
5No dataRiot Platforms, Inc.-Swap-Nbcb-L29.56%298,698$3.83M1
6No dataRiot Platforms Inc Swap - L -Marex27.95%282,455$3.62M1
7No dataRiot Platforms Swap Nomura-L17.11%172,918$2.22M1
8No dataRiot Platforms, Inc.-Swap-Mscs-L10.09%102,000$1.31M1
9No dataRiot Platforms Inc Swap Bmo5.00%50,561$648K1
10No dataFirst American Government Obligations Fund 12/01/20312.86%369,677$370K477

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$1,375
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. RIOX $1,375. SPY $11,199. Use the arrow keys to read each point.$2,500$5,000$7,500$10,000Oct 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 RIOX. Periods over one year show the average yearly return.
PeriodRIOX
Year to date−60.3%
1 month−63.6%
3 months−69.1%
1 year−86.3%
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 RIOX
YearReturn barRIOX
2026 YTD−60.3%
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

$10,000 in RIOX 1 year ago paid $1,318 in dividends.

RIOX Risk

Risk pillarD34 out of 100Rank 258 of 368 in Single-Stock Long Leveraged

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.
183.2%
Annualised · 21 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.
0.26
vs 3-month T-bills · 21 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.
−90.2%
21 months · trough Oct 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.

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

RIOX Cost

Compare RIOX and GOGL

Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged

$23,938

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

  • RIOX 1.63%

    $28,093

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • RIOX 1.63%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530RIOX $28,093GOGL $4,155

Year by year

YearRIOXGOGLOverpaying
10$2,799$365$2,434
20$10,230$1,421$8,809
30$28,093$4,155$23,938

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