- Issuer
- Defiance ETFs
- Inception Date
- Oct 22, 2025
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Domicile
- US
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $15M
Share Price Chart
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Performance
AVXX Performance Chart
Defiance Daily Target 2X Long AVAV ETF (AVXX) is down 75.0% since the beginning of the year. AVXX is currently trading at $6 per share.
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Returns By Period
Defiance Daily Target 2X Long AVAV ETF
- 1D
- -21.27%
- 1M
- -31.30%
- YTD
- -75.03%
- 6M
- -77.90%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
AVXX Monthly Returns History
Based on dividend-adjusted daily data since Oct 24, 2025, AVXX's average daily return is -0.93%, while the average monthly return is -18.43%.
Historically, 44% of months were positive and 56% were negative. The best month was Jan 2026 with a return of +20.0%, while the worst month was Mar 2026 at -52.5%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 2 months.
On a daily basis, AVXX closed higher 44% of trading days. The best single day was May 28, 2026 with a return of +36.0%, while the worst single day was Mar 2, 2026 at -35.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 20.01% | -23.56% | -52.53% | 8.13% | 6.05% | -50.00% | -75.03% | ||||||
| 2025 | 0.12% | -44.85% | -29.22% | -60.92% |
Benchmark Metrics
Defiance Daily Target 2X Long AVAV ETF has an annualized alpha of -95.25%, beta of 4.12, and R2 of 0.13 versus S&P 500 Index. Calculated based on daily prices since October 24, 2025.
- This ETF participated in 490.84% of S&P 500 Index downside but only -89.82% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.13 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -95.25%
- Beta
- 4.12
- R²
- 0.13
- Upside Capture
- -89.82%
- Downside Capture
- 490.84%
Expense Ratio
AVXX has a high expense ratio of 1.31%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Defiance Daily Target 2X Long AVAV ETF (AVXX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AVXX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
Defiance Daily Target 2X Long AVAV ETF provided a 1.44% dividend yield over the last twelve months, with an annual payout of $0.09 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.09 | $0.09 |
Dividend yield | 1.44% | 0.36% |
Monthly Dividends
The table displays the monthly dividend distributions for Defiance Daily Target 2X Long AVAV ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.09 | $0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Defiance Daily Target 2X Long AVAV ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Defiance Daily Target 2X Long AVAV ETF was 90.84%, occurring on Jun 22, 2026. The portfolio has not yet recovered.
The current Defiance Daily Target 2X Long AVAV ETF drawdown is 90.84%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -90.84%Jun 2026 | 7mo 25d | — | 7mo 26dOct 2025 - now |
2025 pullback2025 | -0.20%Oct 2025 | 0s | 1d | 1dOct 2025 - Oct 2025 |
Drawdown Indicators
| AVXX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.84% | -56.78% | -34.06% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -90.84% | -1.80% | -89.04% |
Average DrawdownAverage peak-to-trough decline | -63.29% | -10.71% | -52.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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