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RKTL

GradeDChicago Board Options Exchange

Daily Target 2X Long RKT ETF

Leveraged · Defiance · Inception 2026-01-12

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.

$9.76−0.76 (−7.22%)

As of Aug 20, 2026, 3:59 PM EDT

History starts Jan 13, 2026.History starts Jan 13, 2026.
Intraday session: down, 24 prints from 10.52 to 9.76. Range 9.51 to 9.98. Use the arrow keys to read each point.$9.60$10.0010 AM12 PM2 PM4 PM
Expense ratio
1.31%
Fund size
$2M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
9
Volume · 30D
0M sh
NAV per share
$10.56
52W range
low $8.09high $43.62

The ETF.net RKTL Grade

D

35/ 100

Confidence High

Six-pillar profile for RKTL. Scores out of 100: Cost 27, Risk 31, Mission 66, Tradability 7, Holdings not scored, Durability 28. Strongest: Mission (66). Weakest: Tradability (7). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 35 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned35This cap took−0Published score35 Grade D

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 27
    —

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    BScore 66
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 31
    —

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 7
    —

  • 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.
    DScore 28
    —

Graded as of Aug 20, 2026 · Based on 5 of 6 pillars

Our read on RKTL

ETF.net Research

DLeveraged single-stock ETFs mostly chase megacap tech. Defiance points this one at Rocket Companies, aiming for twice RKT's daily move with the leverage reset every session. The prospectus calls it a short-term trading vehicle.

Stated mandate

The Fund seeks daily investment results equal to two times the daily percentage change in Rocket Companies, Inc.’s share price. It is designed as a short-term leveraged trading vehicle and does not target results over periods other than one trading day.

Why people hold it

  1. 01The 2x single-stock shelf is crowded with megacap tech. This one aims at twice the daily move of Rocket Companies, a financials-sector name.defianceetfs.com
  2. 02The mandate is literal: two times RKT's daily percentage change, no index to second-guess. Day-to-day results have stayed reasonably close to that stated target.defianceetfs.com
  3. 03It is a 1940 Act fund, so the leverage is packaged inside the share: no margin account, no margin calls, exposure capped at the declared 2x.

Worth knowing

  1. 01The fee is 1.31%, above 2x peers such as AAPU and GGLL at 0.96% and UNHG at 0.75%.
  2. 02Leverage resets every day. Hold past one session and the path matters: results can drift above or below 2x RKT's move over that stretch.
  3. 03Launched in 2026, the fund is still small and thinly traded, which can mean wider bid-ask spreads and rougher fills.

RKTL Holdings

As of Aug 20, 2026, 3:29 PM
Asset class
Stocks
Holdings
9
Top-10 weight
227%
Largest holding
ROCKET COS SWAP CS-L35.5%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—ROCKET COS SWAP CS-L35.53%38,453$563K—
002—ROCKET COMPANIES, INC.-SWAP-JNST-L34.78%37,638$551K—
003—ROCKET COS SWAP CANT-L_R33.55%36,314$531K—
004—ROCKET COS SWAP MAREX-L32.75%35,442$519K—
005—ROCKET COS INC SWAP NBC-L32.53%35,201$515K—
006—ROCKET COS SWAP NOMURA-L30.96%33,510$490K—
007—United States Treasury Bill 08/27/202625.25%400,000$400K—
008—First American Government Obligations Fund 12/01/20312.01%31,801$32K—

Showing 1–8 of 8 holdings

RKTL Performance

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

Performance data is unavailable.

Returns run to the last market 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 RKTL. Periods over one year show the average yearly return.
PeriodRKTL
Year to dateHistory unavailable—
1 monthHistory unavailable—
3 monthsHistory unavailable—
1 yearHistory unavailable—
3 yearsHistory unavailable—per year
5 yearsHistory unavailable—per year
10 yearsHistory unavailable—per year

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 return data is unavailable.

RKTL in the news

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

RKTL 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 unavailableLast 12 months
Payout per share
Data unavailableLast 12 months

Distribution data unavailable.

RKTL 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.
—
No data available
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.
—
No data available
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.
—
No data available
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.
1.96
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.

RKTL Cost

Expense Ratio
1.31%