- CUSIP
- 88636J287
- Issuer
- Defiance
- Inception Date
- Jan 2, 2025
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $31M
Share Price Chart
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Performance
RIOX Performance Chart
Defiance Daily Target 2X Long RIOT ETF (RIOX) is up 199.5% since the beginning of the year. RIOX is currently trading at $63 per share.
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Returns By Period
Defiance Daily Target 2X Long RIOT ETF (RIOX) has returned 199.48% so far this year and 197.53% over the past 12 months.
Defiance Daily Target 2X Long RIOT ETF
- 1D
- 4.71%
- 1M
- 24.42%
- YTD
- 199.48%
- 6M
- 113.28%
- 1Y
- 197.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
RIOX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2025, RIOX's average daily return is +0.69%, while the average monthly return is +13.39%. At this rate, an investment would double in approximately 0.5 years.
Historically, 50% of months were positive and 50% were negative. The best month was May 2026 with a return of +130.8%, while the worst month was Mar 2026 at -47.7%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, RIOX closed higher 50% of trading days. The best single day was Feb 6, 2026 with a return of +38.9%, while the worst single day was Aug 1, 2025 at -35.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 36.60% | -0.73% | -47.66% | 79.08% | 130.77% | 2.11% | 199.48% | ||||||
| 2025 | 13.96% | -42.54% | -45.79% | -5.23% | 16.84% | 84.22% | 35.54% | -6.22% | 77.56% | -2.87% | -39.46% | -45.18% | -47.32% |
Benchmark Metrics
Defiance Daily Target 2X Long RIOT ETF has an annualized alpha of 105.93%, beta of 5.75, and R2 of 0.35 versus S&P 500 Index. Calculated based on daily prices since January 03, 2025.
- This ETF captured 4210.72% of S&P 500 Index gains and 401.75% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.35 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 105.93%
- Beta
- 5.75
- R²
- 0.35
- Upside Capture
- 4,210.72%
- Downside Capture
- 401.75%
Expense Ratio
RIOX has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RIOX ranks 38 for risk / return — below 38% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Defiance Daily Target 2X Long RIOT ETF (RIOX) 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.
| RIOX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.35 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.66 | -0.56 |
| Martin ratioReturn relative to average drawdown | 3.47 | 11.86 | -8.40 |
Dividends
Dividend History
Defiance Daily Target 2X Long RIOT ETF provided a 20.29% dividend yield over the last twelve months, with an annual payout of $12.85 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $12.85 | $12.85 |
Dividend yield | 20.29% | 60.76% |
Monthly Dividends
The table displays the monthly dividend distributions for Defiance Daily Target 2X Long RIOT 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 | $12.85 | $12.85 |
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 RIOT 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 RIOT ETF was 84.40%, occurring on Mar 30, 2026. The portfolio has not yet recovered.
The current Defiance Daily Target 2X Long RIOT ETF drawdown is 28.08%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -84.40%Mar 2026 | 5mo 21d | — | 8mo 15dOct 2025 - now |
2025 selloff2025 | -83.12%Apr 2025 | 2mo 24d | 5mo 11d | 8mo 5dJan 2025 - Sep 2025 |
2025 correction2025 | -16.99%Jan 2025 | 6d | 2d | 8dJan 2025 - Jan 2025 |
2025 correction2025 | -10.66%Jan 2025 | 5d | 3d | 8dJan 2025 - Jan 2025 |
2025 pullback2025 | -8.52%Oct 2025 | 1d | 5d | 6dSep 2025 - Oct 2025 |
Drawdown Indicators
| RIOX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.40% | -56.78% | -27.62% |
Max Drawdown (1Y)Largest decline over 1 year | -84.40% | -9.10% | -75.30% |
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 | -28.08% | -2.49% | -25.59% |
Average DrawdownAverage peak-to-trough decline | -51.94% | -10.72% | -41.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.06% | 2.03% | +49.03% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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