- Issuer
- Defiance
- Inception Date
- Jan 15, 2025
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $73M
Highlights
- Avg. Volume (1M)
- 1M
- Avg. Volume Value (1M)
- $11.98M
Share Price Chart
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Performance
SOFX Performance Chart
Defiance Daily Target 2X Long SOFI ETF (SOFX) is down 71.6% since the beginning of the year. SOFX is currently trading at $8 per share.
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Returns By Period
Defiance Daily Target 2X Long SOFI ETF (SOFX) has returned -71.59% so far this year and -70.17% over the past 12 months.
Defiance Daily Target 2X Long SOFI ETF
- 1D
- -1.71%
- 1M
- -25.52%
- 6M
- -61.16%
- YTD
- -71.59%
- 1Y
- -70.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -41.41%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
SOFX Monthly Returns History
Based on dividend-adjusted daily data since Jan 16, 2025, SOFX's average daily return is +0.08%, while the average monthly return is -0.25%.
Historically, 42% of months were positive and 58% were negative. The best month was Jun 2025 with a return of +80.5%, while the worst month was Feb 2026 at -41.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, SOFX closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +40.4%, while the worst single day was Apr 29, 2026 at -30.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -26.86% | -41.92% | -22.62% | -3.85% | 23.72% | -7.43% | -21.53% | -71.59% | |||||
| 2025 | -2.39% | -18.64% | -39.89% | 4.08% | 10.58% | 80.51% | 48.72% | 22.76% | 4.25% | 18.10% | -7.07% | -25.24% | 54.87% |
Benchmark Metrics
Defiance Daily Target 2X Long SOFI ETF has an annualized alpha of -44.62%, beta of 4.83, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since January 16, 2025.
- This ETF captured 569.60% of S&P 500 Index gains and 461.57% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.47 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
- -44.62%
- Beta
- 4.83
- R²
- 0.47
- Upside Capture
- 569.60%
- Downside Capture
- 461.57%
Expense Ratio
SOFX has a high expense ratio of 1.29%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SOFX ranks 4 for risk / return — above 4% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Defiance Daily Target 2X Long SOFI ETF (SOFX) 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.
| SOFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.25 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 2.00 | -2.83 |
| Martin ratioReturn relative to average drawdown | -1.23 | 8.49 | -9.72 |
Dividends
Dividend History
Defiance Daily Target 2X Long SOFI ETF provided a 44.59% dividend yield over the last twelve months, with an annual payout of $3.60 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $3.60 | $3.60 |
Dividend yield | 44.59% | 12.67% |
Monthly Dividends
The table displays the monthly dividend distributions for Defiance Daily Target 2X Long SOFI 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 | $0.00 | |||||
| 2025 | $3.60 | $3.60 |
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 SOFI 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 SOFI ETF was 84.83%, occurring on Jul 29, 2026. The portfolio has not yet recovered.
The current Defiance Daily Target 2X Long SOFI ETF drawdown is 82.78%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-84.83%Jul 2026 | 9mo 3d | — | 9mo 7dOct 2025 - now | — |
-76.67%Apr 2025 | 2mo 14d | 3mo 3d | 5mo 17dJan 2025 - Jul 2025 | 2025 selloff2025 |
-29.12%Oct 2025 | 10d | 25d | 1mo 5dSep 2025 - Oct 2025 | — |
-13.90%Aug 2025 | 1d | 2d | 3dAug 2025 - Aug 2025 | — |
-12.97%Sep 2025 | 8d | 9d | 17dAug 2025 - Sep 2025 | — |
Drawdown Indicators
| SOFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.83% | -56.78% | -28.05% |
Max Drawdown (1Y)Largest decline over 1 year | -84.83% | -9.10% | -75.73% |
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 | -82.78% | -1.58% | -81.20% |
Average DrawdownAverage peak-to-trough decline | -46.09% | -10.70% | -35.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.94% | 2.14% | +54.80% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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