Question 1

Who is the provider of Defiance Daily Target 2X Long SOFI ETF?

Accepted Answer

Defiance Daily Target 2X Long SOFI ETF is offered by Defiance, a leading player in the field of passive investments.

Question 2

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

Accepted Answer

The ISIN of Defiance Daily Target 2X Long SOFI ETF is US88636R5458.

Question 3

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

Accepted Answer

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

Question 4

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

Accepted Answer

Volatility decay (also called compounding drag) occurs because Defiance Daily Target 2X Long SOFI 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.

Question 5

Is Defiance Daily Target 2X Long SOFI ETF suitable for long-term buy-and-hold investing?

Accepted Answer

Leveraged ETFs like Defiance Daily Target 2X Long SOFI ETF are designed for short-term, tactical trading — typically intraday or a few days. Holding them for weeks or months exposes investors to compounding risk and potential tracking deviation. Most issuers explicitly recommend against long-term holding.

Question 6

What is the underlying asset of Defiance Daily Target 2X Long SOFI ETF?

Accepted Answer

Defiance Daily Target 2X Long SOFI ETF provides 2X daily long exposure to SOFI. When SOFI moves +1% in a day, Defiance Daily Target 2X Long SOFI ETF targets approximately 2% (before fees).

Question 7

What is the Total Expense Ratio (TER) of Defiance Daily Target 2X Long SOFI ETF?

Accepted Answer

The total expense ratio of Defiance Daily Target 2X Long SOFI ETF is 1.29%, which means that investors pay 129 USD per 10,000 USD in investment capital annually.

Question 8

What currency is Defiance Daily Target 2X Long SOFI ETF listed in?

Accepted Answer

The ETF is listed in USD.

Question 9

What additional costs can European investors incur?

Accepted Answer

European investors may incur additional costs for currency exchange and transaction fees.

Question 10

Is Defiance Daily Target 2X Long SOFI ETF UCITS-compliant?

Accepted Answer

No, Defiance Daily Target 2X Long SOFI ETF does not comply with the EU UCITS investor protection directives.

Question 11

What is the average trading volume of Defiance Daily Target 2X Long SOFI ETF?

Accepted Answer

The current average trading volume of Defiance Daily Target 2X Long SOFI ETF is 550,425.4.

Question 12

Where is Defiance Daily Target 2X Long SOFI ETF domiciled?

Accepted Answer

Defiance Daily Target 2X Long SOFI ETF is domiciled in US.

Question 13

When was Defiance Daily Target 2X Long SOFI ETF launched?

Accepted Answer

The fund was launched on 1/15/2025.

Question 14

In which segment does Defiance Daily Target 2X Long SOFI ETF primarily invest?

Accepted Answer

The Defiance Daily Target 2X Long SOFI ETF mainly invests in Financial titles companies.

Question 15

What is the Net Asset Value (NAV) of Defiance Daily Target 2X Long SOFI ETF?

Accepted Answer

The NAV of Defiance Daily Target 2X Long SOFI ETF amounts to 11.09 M USD.

Question 16

How can I invest in this ETF?

Accepted Answer

Investments can be made through brokers or financial institutions that provide access to trading ETFs.

Question 17

How is the ETF traded?

Accepted Answer

The ETF is traded on the stock exchange, similar to stocks.

Question 18

Can I hold the ETF in my portfolio?

Accepted Answer

Yes, the ETF can be held in a regular securities account.

Question 19

Is the ETF suitable for short-term or long-term investments?

Accepted Answer

The ETF is suitable for both short-term and long-term investment strategies, depending on the investor's goals.

Question 20

How often is the ETF valued?

Accepted Answer

The ETF is valued on a daily stock exchange basis.

Question 21

Are there dividends for this ETF?

Accepted Answer

Information on dividends should be requested from the provider's website or your broker.

Question 22

What are the risks associated with this ETF?

Accepted Answer

The risks include market fluctuations, currency risks, and the risk associated with smaller companies.

Question 23

How transparent is the ETF regarding its investments?

Accepted Answer

The ETF is obligated to report regularly and transparently on its investments.

Question 24

How can I track the current performance of the ETF?

Accepted Answer

The performance can be viewed on Eulerpool or directly on the provider's website.

Question 25

Where can I find more information about the ETF?

Accepted Answer

Further information can be found on the official website of the provider.

Defiance Daily Target 2X Long SOFI ETF