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SOFX

GradeDNASDAQ Global Market

Daily Target 2X Long SOFI ETF

Leveraged · Single-Stock Leveraged · Defiance · Inception 2025-01-15

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.

$7.86−0.51 (−6.04%)

As of Sep 23, 2026, 3:10 PM EDT

History starts Jan 16, 2025.
Intraday session: down, 69 prints from 8.36 to 7.86. Range 7.83 to 8.23. Use the arrow keys to read each point.$7.80$8.00$8.10$8.2010 AM12 PM2 PM4 PM
Expense ratio
1.33%
Fund size
$55M
1Y return
−81.1%
Yield · Last 12 months
Data unavailable
Holdings
11
Volume · 30D
1.4M sh
NAV per share
$8.16
52W range
low $6.75high $55.48

The ETF.net SOFX Grade

D

37/ 100

Rank 225 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for SOFX. Scores out of 100: Cost 23, Risk 34, Mission 87, Tradability 57, Holdings not scored, Durability 76. Strongest: Mission (87). Weakest: Cost (23). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 37 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 23
    Category rank293/380 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 87
    Category rank100/147 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 34
    Category rank209/285 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 57
    Category rank146/380 · top 38%

  • 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.
    AScore 76
    Category rank34/380 · top 9%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on SOFX

ETF.net Research

DOne of only two US ETFs that lever SoFi Technologies. SOFX targets twice SOFI's daily move using swaps and options, with the clock resetting every close. A one-stock trade in a fund wrapper.

Stated mandate

The fund seeks daily results equal to twice the daily percentage change in SoFi Technologies, Inc.'s share price.

Why people hold it

  1. 01One ticker does the job of a margin account: twice SOFI's daily move, no borrowing, no margin calls, no losing more than you put in.defianceetfs.com
  2. 02Day to day, it has stayed close to its stated 2x target, which is the entire job of a daily leveraged fund.
  3. 03Gets its leverage from swap agreements and listed options rather than owning SOFI outright, so the machinery sits inside the fund instead of your brokerage account.defianceetfs.com
  4. 04Actively traded for a single-stock leverage product, so getting in and out is rarely the hard part.

Worth knowing

  1. 01The daily reset is the whole story. Over a choppy stretch, your result can drift far from twice SOFI's move for that period, in either direction.defianceetfs.com
  2. 02The 1.29% fee runs above the typical leveraged single-stock fund, and SOFA, the other 2x SOFI ETF, charges less.
  3. 03Everything rides on one fintech stock, doubled. No diversification, and the fund only launched in 2025, so the track record is short.

SOFX Holdings

As of Sep 20, 2026, 5:08 AM
Asset class
Stocks
Holdings
11
Top-10 weight
270%
Largest holding
United States Treasury Bill 11/19/202663.9%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Bill 11/19/202663.94%35,500,000$35M48
002—SOFI TECHNOLOGIES, INC.-SWAP-MSCS-L48.66%1,582,800$27M1
003—SOFI TECHNOLOGIES - L -CANTOR23.59%767,211$13M1
004—SOFI NOMURA23.31%758,411$13M1
005—SOFI TECHNOLOGIES SWAP CS-L23.23%755,661$13M1
006—SOFI TECHNOLOGIES SWAP JNST-L23.09%750,978$13M1
007—SOFI TECHNOLOGIES SWAP NBC-L22.79%741,458$13M1
008—SOFI TECH SWAP MAREX-L21.79%708,783$12M1
009—SOFI TECHNOLOGIES INC SWAP BMO13.57%441,561$7M1
010—First American Government Obligations Fund 12/01/20316.31%3,483,601$3M625

Showing 1–10 of 10 holdings

SOFX Performance

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

SOFX$1,888
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. SOFX $1,888. SPY $11,723. Use the arrow keys to read each point.$793$6,684$12,574Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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 SOFX. Periods over one year show the average yearly return.
PeriodSOFX
Year to date−70.6%
1 month−20.5%
3 months−11.3%
1 year−81.1%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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 SOFX
YearReturn barSOFX
2026 YTD−70.6%
2025+44.7%

History from Jan 16, 2025

SOFX in the news

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

SOFX 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 Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$3.60 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 $3.60. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$3.60

SOFX 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.
105.7%
Annualised · 19 months to Aug 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.
0.04
vs 3-month T-bills · 19 months to Aug 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.
−84.8%
20 months · trough Jul 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.
4.45
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.

SOFX Cost

Expense ratio1.33%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

255 of the 329 Single-Stock Long Leveraged funds charge less.

SOFX costs $133.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.