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Launched

Daily Target 2X Long SOFI ETF

SOFXNasdaqDefianceCThis 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.

$7.31−0.14 (−1.88%)

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

C41/ 100

Rank 129 of 380 in Single-Stock Long Leveraged

C41/100Rank 129 of 380inSingle-Stock Long Leveraged
Intraday session: down, 79 prints from 7.45 to 7.31. Range 7.31 to 8.18. Use the arrow keys to read each point.7.607.808.008.2010 AM12 PM2 PM4 PM
Expense ratio
1.33%
Fund size
$59M
1Y total return
−81.7%
Yield · Last 12 months
No data
Holdings
10
Avg volume · 30D
1.39M sh
52W range
low $5.32high $53.91
Launched

The ETF.net SOFX Grade

Based on 5 of 6 pillars

C

Score 41 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
129 of 380
Six-pillar profile for SOFX. Scores out of 100: Cost 22, Risk 35, Mission 88, Tradability 74, Holdings not scored, Durability 78. Strongest: Mission (88). Weakest: Cost (22). Based on 5 of 6 pillars.

Score 41 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.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F22 out of 100
    Rank 296 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A88 out of 100
    Rank 89 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D35 out of 100
    Rank 252 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A74 out of 100
    Rank 68 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.
    A78 out of 100
    Rank 27 of 380

Our read on SOFX

ETF.net Research

In short

CDefiance got here first: SOFX has aimed for twice SoFi's daily move since January 2025, more than a year before Direxion's rival landed. Swaps do the work, and the leverage resets every single day.

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

  • Launched January 2025, beating the only other 2x SOFI fund (Direxion's SOFA, February 2026) to market by more than a year.direxion.com
  • Narrow job, done tightly: daily results have tracked the stated twice-SOFI target closely, and the fund trades actively enough for short-hold positioning.
  • A swap-based book pegged to one stock. No index, no basket: SoFi's tape doubled, recalculated each day.defianceetfs.com
  • Sits in the upper half of a single-stock leveraged bull field that runs to hundreds of funds.

Worth knowing

  • 1.33% a year with no waiver trimming it, above the typical fee in this category. Direxion's SOFA charges 0.97% net of a waiver through September 1, 2027.
  • Leverage resets daily, so results over longer stretches can drift from twice SOFI's move. Defiance itself says not to expect 2x cumulative returns past a day.defianceetfs.com
  • One stock, doubled. Any SoFi earnings jolt or headline lands here at twice the size, in both directions.

SOFX Performance

Launched Jan 15, 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.
SOFX$1,826
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. SOFX $1,826. 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 SOFX. Periods over one year show the average yearly return.
PeriodSOFX
Year to date−73.8%
1 month+7.8%
3 months−7.7%
1 year−81.7%
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 SOFX
YearReturn barSOFX
2026 YTD−73.8%
2025+44.7%

History from Jan 16, 2025

SOFX in the news

SOFX Dividends

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

$10,000 in SOFX 1 year ago paid $785 in dividends.

SOFX Risk

Risk pillarD35 out of 100Rank 252 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.
102.4%
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.
−0.07
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.
−88.1%
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.
4.56
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.

SOFX Cost

Compare SOFX and GOGL

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

$19,662

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

  • SOFX 1.33%

    $23,817

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • SOFX 1.33%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530SOFX $23,817GOGL $4,155

Year by year

YearSOFXGOGLOverpaying
10$2,313$365$1,948
20$8,564$1,421$7,143
30$23,817$4,155$19,662

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