- Issuer
- Defiance
- Inception Date
- Mar 12, 2025
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $372M
Share Price Chart
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Performance
RKLX Performance Chart
Defiance Daily Target 2X Long RKLB ETF (RKLX) is up 85.6% since the beginning of the year. RKLX is currently trading at $74 per share.
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Returns By Period
Defiance Daily Target 2X Long RKLB ETF (RKLX) has returned 85.55% so far this year and 639.36% over the past 12 months.
Defiance Daily Target 2X Long RKLB ETF
- 1D
- 1.48%
- 1M
- 97.56%
- YTD
- 85.55%
- 6M
- 304.38%
- 1Y
- 639.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.68%
- YTD
- 11.16%
- 6M
- 11.10%
- 1Y
- 27.46%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
RKLX Monthly Returns History
Based on dividend-adjusted daily data since Mar 13, 2025, RKLX's average daily return is +1.50%, while the average monthly return is +30.80%. At this rate, an investment would double in approximately 0.2 years.
Historically, 63% of months were positive and 38% were negative. The best month was May 2026 with a return of +159.7%, while the worst month was Nov 2025 at -58.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 2 months.
On a daily basis, RKLX closed higher 55% of trading days. The best single day was May 8, 2026 with a return of +67.7%, while the worst single day was Jun 1, 2026 at -29.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 22.69% | -32.20% | -22.75% | 55.24% | 159.73% | -28.39% | 85.55% | ||||||
| 2025 | -0.06% | 34.55% | 41.15% | 67.30% | 54.52% | 7.22% | -11.48% | 60.83% | -58.55% | 142.99% | 654.37% |
Benchmark Metrics
Defiance Daily Target 2X Long RKLB ETF has an annualized alpha of 1003.90%, beta of 4.85, and R2 of 0.22 versus S&P 500 Index. Calculated based on daily prices since March 14, 2025.
- This ETF captured 1504.41% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -2145.73%) - a profile typical of hedging or uncorrelated assets.
- R2 of 0.22 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
- 1,003.90%
- Beta
- 4.85
- R²
- 0.22
- Upside Capture
- 1,504.41%
- Downside Capture
- -2,145.73%
Expense Ratio
RKLX has a high expense ratio of 1.29%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RKLX ranks 82 for risk / return — in the top 82% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Defiance Daily Target 2X Long RKLB ETF (RKLX) and compare them to S&P 500 Index.
| RKLX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.57 | 2.39 | +1.19 |
Sortino ratioReturn per unit of downside risk | 3.28 | 3.25 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.43 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 9.12 | 3.11 | +6.00 |
Martin ratioReturn relative to average drawdown | 17.85 | 14.38 | +3.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Defiance Daily Target 2X Long RKLB ETF provided a 8.05% dividend yield over the last twelve months, with an annual payout of $5.95 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $5.95 | $5.95 |
Dividend yield | 8.05% | 14.94% |
Monthly Dividends
The table displays the monthly dividend distributions for Defiance Daily Target 2X Long RKLB 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 | $5.95 | $5.95 |
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 RKLB 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 RKLB ETF was 71.71%, occurring on Mar 30, 2026. Recovery took 31 trading sessions.
The current Defiance Daily Target 2X Long RKLB ETF drawdown is 35.07%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -71.71%Mar 2026 | 2mo 9d | 1mo 14d | 3mo 23dJan 2026 - May 2026 |
2025 bear market2025 | -70.71%Nov 2025 | 1mo 5d | 1mo 2d | 2mo 7dOct 2025 - Dec 2025 |
2025 bear market2025 | -40.41%Aug 2025 | 1mo | 1mo 17d | 2mo 17dJul 2025 - Oct 2025 |
2025 selloff2025 | -36.70%Apr 2025 | 9d | 20d | 29dMar 2025 - Apr 2025 |
2026 bear market2026 | -36.02%Jun 2026 | 4d | — | 7d 40mMay 2026 - now |
Drawdown Indicators
| RKLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.71% | -56.78% | -14.93% |
Max Drawdown (1Y)Largest decline over 1 year | -71.71% | -9.10% | -62.61% |
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 | -35.07% | 0.00% | -35.07% |
Average DrawdownAverage peak-to-trough decline | -25.84% | -10.72% | -15.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.55% | 1.97% | +34.58% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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