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

The ISIN of Defiance Daily Target 2X Long BU ETF is US88636R5292.

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

Defiance Daily Target 2X Long BU ETF aims to deliver 2 times the daily return of BU (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 BU ETF?

Volatility decay (also called compounding drag) occurs because Defiance Daily Target 2X Long BU 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 BU ETF (BU) Price

Defiance Daily Target 2X Long BU ETF Price

— EUR

TER1.29 %

AUM1.11 M USD

CurrencyUSD

Funds Launch11/18/2025

Defiance Daily Target 2X Long BU ETF Price

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Underlying

BU2X Long Daily

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

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.