- Issuer
- Defiance ETFs
- Inception Date
- Oct 8, 2025
- Region
- North America (U.S.)
- Category
- Inverse Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Domicile
- US
- Distribution Policy
- None
- Asset Class
- Equity
- Assets Under Management
- $29M
Share Price Chart
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Performance
RGTZ Performance Chart
Defiance Daily Target 2X Short RGTI ETF (RGTZ) is down 85.4% since the beginning of the year. RGTZ is currently trading at $3 per share.
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Returns By Period
Defiance Daily Target 2X Short RGTI ETF
- 1D
- -1.08%
- 1M
- 14.70%
- YTD
- -85.36%
- 6M
- -79.72%
- 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%
RGTZ Monthly Returns History
Based on dividend-adjusted daily data since Oct 9, 2025, RGTZ's average daily return is +0.05%, while the average monthly return is -2.84%.
Historically, 44% of months were positive and 56% were negative. The best month was Nov 2025 with a return of +114.3%, while the worst month was May 2026 at -79.2%. The longest winning streak lasted 1 consecutive months, and the longest losing streak was 2 months.
On a daily basis, RGTZ closed higher 53% of trading days. The best single day was Oct 16, 2025 with a return of +29.1%, while the worst single day was May 21, 2026 at -60.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 20.17% | -21.85% | 32.10% | -49.41% | -79.15% | 11.89% | -85.36% | ||||||
| 2025 | -45.71% | 114.27% | -7.84% | 7.21% |
Benchmark Metrics
Defiance Daily Target 2X Short RGTI ETF has an annualized alpha of 280.13%, beta of -7.85, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since October 09, 2025.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -101.46%), but participation in market rallies was also limited (-187.11%) - a profile typical of counter-cyclical assets.
- Beta of -7.85 may look defensive, but with R2 of 0.25 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.25 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
- 280.13%
- Beta
- -7.85
- R²
- 0.25
- Upside Capture
- -187.11%
- Downside Capture
- -101.46%
Expense Ratio
RGTZ has a high expense ratio of 1.29%, 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 Short RGTI ETF (RGTZ) 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.
| RGTZ | 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
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 Short RGTI 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 Short RGTI ETF was 92.92%, occurring on Jun 2, 2026. The portfolio has not yet recovered.
The current Defiance Daily Target 2X Short RGTI ETF drawdown is 91.15%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -92.92%Jun 2026 | 3mo 26d | — | 4mo 17dFeb 2026 - now |
2025 bear market2025 | -57.33%Oct 2025 | 6d | 28d | 1mo 4dOct 2025 - Nov 2025 |
2026 bear market2026 | -53.92%Jan 2026 | 1mo 26d | 20d | 2mo 16dNov 2025 - Feb 2026 |
2025 pullback2025 | -8.10%Nov 2025 | 0s | 2d | 2dNov 2025 - Nov 2025 |
2025 pullback2025 | -2.56%Nov 2025 | 0s | 3d | 3dNov 2025 - Nov 2025 |
Drawdown Indicators
| RGTZ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.92% | -56.78% | -36.14% |
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 | -91.15% | -1.80% | -89.35% |
Average DrawdownAverage peak-to-trough decline | -44.28% | -10.71% | -33.57% |
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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