What is the ISIN of Defiance Daily Target 2X Long CVNA ETF?

The ISIN of Defiance Daily Target 2X Long CVNA ETF is US88636R2141.

What does leveraged daily exposure mean for Defiance Daily Target 2X Long CVNA ETF?

Defiance Daily Target 2X Long CVNA ETF aims to deliver 2 times the daily return of CVNA (long). The leverage resets each trading day, so multi-day returns can differ materially from 2X the underlying's cumulative return.

What is volatility decay and how does it affect Defiance Daily Target 2X Long CVNA ETF?

Volatility decay (also called compounding drag) occurs because Defiance Daily Target 2X Long CVNA ETF rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 2X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.

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Defiance Daily Target 2X Long CVNA ETF (CVNX) Price

Defiance Daily Target 2X Long CVNA ETF Price

— EUR

TER1.29 %

AUM3.83 M USD

CurrencyUSD

Funds Launch5/28/2025

Defiance Daily Target 2X Long CVNA ETF Price

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Underlying

CVNA

CVNA2X Long Daily

CVNA

Defiance Daily Target 2X Long CVNA ETF provides 2X daily exposure to CVNA.

Leverage & Compounding Risk

This ETF rebalances daily to achieve its 2X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 2X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.