What is the ISIN of Defiance Daily Target 2x Short QBTS ETF?

The ISIN of Defiance Daily Target 2x Short QBTS ETF is US88636W1484.

What does leveraged daily exposure mean for Defiance Daily Target 2x Short QBTS ETF?

Defiance Daily Target 2x Short QBTS ETF aims to deliver 2 times the daily return of QBTS (short/inverse). 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 Short QBTS ETF?

Volatility decay (also called compounding drag) occurs because Defiance Daily Target 2x Short QBTS 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 Short QBTS ETF (QBTZ) Price

Defiance Daily Target 2x Short QBTS ETF Price

— EUR

PRO

TER1.29 %

AUM14.08 M USD

CurrencyUSD

Funds Launch10/6/2025

Defiance Daily Target 2x Short QBTS ETF Price

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Underlying

QBTS

QBTS2X Short Daily

QBTS

Defiance Daily Target 2x Short QBTS ETF provides 2X inversedaily exposure to QBTS.

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.