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

The ISIN of Defiance Daily Target 2X Long SMCI ETF is US88636W2391.

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

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

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

Know before the market does.One step ahead of Buffett.Try the Terminal for free

Defiance Daily Target 2X Long SMCI ETF (SMCX) Price

Defiance Daily Target 2X Long SMCI ETF Price

— EUR

PRO

TER1.43 %

AUM89.16 M USD

CurrencyUSD

Funds Launch8/21/2024

Defiance Daily Target 2X Long SMCI ETF Price

Access this data via the Eulerpool API

Docs Get Free API Key

Underlying

SMCI

SMCI2X Long Daily

SMCI

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

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.