- Issuer
- Defiance
- Inception Date
- Oct 20, 2025
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $7M
Share Price Chart
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Performance
MPL Performance Chart
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Returns By Period
Defiance Daily Target 2X Long MP ETF
- 1D
- -19.06%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.64%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
MPL Monthly Returns History
Based on dividend-adjusted daily data since May 26, 2026, MPL's average daily return is -2.88%, while the average monthly return is -13.02%.
Historically, 0% of months were positive and 100% were negative. The best month was May 2026 with a return of -8.4%, while the worst month was Jun 2026 at -17.7%. The longest winning streak lasted 0 consecutive months, and the longest losing streak was 2 months.
On a daily basis, MPL closed higher 38% of trading days. The best single day was Jun 1, 2026 with a return of +15.8%, while the worst single day was Jun 5, 2026 at -19.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -8.36% | -17.68% | -24.56% |
Expense Ratio
MPL 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 MP ETF (MPL) and compare them to S&P 500 Index.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Dividends
Dividend History
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 MP 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 MP ETF was 34.06%, occurring on Jun 5, 2026. The portfolio has not yet recovered.
The current Defiance Daily Target 2X Long MP ETF drawdown is 34.06%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -34.06%Jun 2026 | 2d | — | 4d 4hJun 2026 - now |
2026 pullback2026 | -8.36%May 2026 | 2d | 3d | 5dMay 2026 - Jun 2026 |
Drawdown Indicators
| MPL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.06% | -56.78% | +22.72% |
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 | -34.06% | -2.97% | -31.09% |
Average DrawdownAverage peak-to-trough decline | -9.74% | -10.72% | +0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.97% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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