Defiance Daily Target 2X Short RKLB ETF
CThis 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.
$17.68+0.70 (+4.12%)
- 1.29%
- $1M
- 2.8M sh
- $15.84
- low $1.67high $33.05
The ETF.net RKLZ Grade
C
Score 40 out of 100
- 31 of 58
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.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 62
- This cap took
- −22
- Published Score
- 40
Cost
The fund’s net expense ratio, ranked against its category.B68 out of 100Rank 19 of 58Mission
Whether the fund did what it promised, tested against its stated mandate.A99 out of 100Rank 2 of 32Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F13 out of 100Rank 51 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C44 out of 100Rank 31 of 58Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D33 out of 100Rank 42 of 58
Our read on RKLZ
CNearly every inverse single-stock ETF points at a mega-cap. Defiance aimed this one at a rocket builder: RKLZ seeks -2x Rocket Lab's daily move, reset each day. A one-session tool on one of the market's twitchiest space names.
The fund seeks amplified inverse daily exposure to the common stock of Rocket Lab Corporation.
Why people hold it
- A rare short target. Inverse single-stock funds cluster around mega-caps (AAPD, TSLS, MSFD); this one takes the other side of Rocket Lab, no margin account or borrowed shares required.
- Simple, single job: -2x of RKLB's daily move, exposure reset each morning. The fund has hewed closely to that stated daily target.defianceetfs.com
- Actively traded for a young fund, which matters when the intended holding period is a single session.
Worth knowing
- The daily reset compounds. Hold past a day and results can diverge sharply from -2x the stock's move over that stretch, and choppy trading erodes value.
- 1.29% a year is standard for leveraged single-stock funds, but above inverse peers such as TSLS (0.95%) and AAPD (0.96%).
- Launched November 2025 with a small asset base and no distributions, so there is little track record and less scale than long-running peers.
RKLZ Holdings
- Other
- 2
- 300%
- Cash & Other
RKLZ Performance
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.Not enough history yet.
RKLZ$826
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.
| Period | RKLZ |
|---|---|
| Year to date | −91.7% |
| 1 month | −17.3% |
| 3 months | −8.9% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | RKLZ |
|---|---|---|
| 2026 YTD | −91.7% | |
| 2025 | −74.9% |
RKLZ in the news
RKLZ Dividends
Listed Nov 2025. No distributions yet.
RKLZ 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 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.
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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.
- —
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.
- −5.24
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
RKLZ Cost
1.29%
RKLZ1.29%
- The middle half of Single-Stock Inverse funds
- Median 1.35%
18 of the 43 Single-Stock Inverse funds charge less.
Other funds in Single-Stock Inverse
- CQBTZDefiance Daily Target 2X Short QBTS ETFExpense ratio 2.31%1 year return −92.9%
- CQCMDDirexion Daily QCOM Bear 1X SharesExpense ratio 2.76%1 year return −31.4%
- CSMCZDaily Target 2X Short SMCI ETFExpense ratio 1.55%1 year return −90.3%
- CTSMZDirexion Daily TSM Bear 1X ETFExpense ratio 1.47%1 year return −43.3%
- DCORDETF Opportunities Trust - T-Rex 2x Inverse CRWV Daily Target ETFExpense ratio 1.50%1 year return −82.6%