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Launched

Defiance Daily Target 2X Short RKLB ETF

RKLZNasdaqDefianceCThis 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.

$23.85+2.36 (+10.98%)

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 21.49 to 23.85. Range 21.49 to 24.75. Use the arrow keys to read each point.22.0022.5023.0024.5010 AM12 PM2 PM4 PM
Expense ratio
1.29%
Fund size
$3M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
2.82M sh
52W range
low $1.67high $33.05
Launched

The ETF.net RKLZ 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 RKLZ. Scores out of 100: Cost 55, Risk 12, Mission 99, Tradability 45, Holdings not scored, Durability 37. Strongest: Mission (99). Weakest: Risk (12). 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.

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
57
This cap took
−17
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B55 out of 100
    Rank 25 of 58

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A99 out of 100
    Rank 3 of 32

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F12 out of 100
    Rank 54 of 54

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C45 out of 100
    Rank 33 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.
    D37 out of 100
    Rank 42 of 58

Our read on RKLZ

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Nov 17, 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.Not enough history yet.
RKLZ$1,045
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,169
Dec 31, 2025 to Oct 30, 2026. RKLZ $1,045. SPY $11,169. Use the arrow keys to read each point.$0$5,000$10,000Dec 2025Jun 2026Oct 2026

Dec 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 RKLZ. Periods over one year show the average yearly return.
PeriodRKLZ
Year to date−89.5%
1 month+37.2%
3 months−11.9%
1 yearFund is under 1 year oldNo data
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 RKLZ
YearReturn barRKLZ
2026 YTD−89.5%
2025−74.9%

History from Nov 18, 2025

RKLZ in the news

RKLZ 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 Oct 30, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Nov 2025. No distributions yet.

RKLZ Risk

Risk pillarF12 out of 100Rank 54 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.
Launched Nov 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 Nov 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 Nov 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.
−5.24
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.

RKLZ Cost

Compare RKLZ and SKHZ

Overpaying vs SKHZ, cheapest in Single-Stock Inverse

$8,737

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

  • RKLZ 1.29%

    $23,219

  • SKHZ 0.75% Cheapest

    $14,482

$10,000
30 years

Cost over time

  • RKLZ 1.29%
  • SKHZ 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530RKLZ $23,219SKHZ $14,482

Year by year

YearRKLZSKHZOverpaying
10$2,247$1,336$911
20$8,335$5,078$3,257
30$23,219$14,482$8,737

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