{"url":"https://etfiq.com/compare/leverage/rklx-vs-rklz","section":"compare","title":"RKLX vs RKLZ: which held to its multiple? | ETFIQ","description":"RKLX sets out to return +2 times RKLB each day and RKLZ -2 times. Over the three months to Sep 30, 2026 they finished +0.4 pts and \u221239.8 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, RKLX or RKLZ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, RKLX finished 0.4 points from what its multiple implies and RKLZ finished 39.8 points from its own, so RKLX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are RKLX and RKLZ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Rocket Lab, RKLX at +2 times and RKLZ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, RKLX or RKLZ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window RKLX\u2019s moved at 70% annualized and RKLZ\u2019s at 70%, so RKLX has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold RKLX or RKLZ for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, RKLX or RKLZ?","acceptedAnswer":{"@type":"Answer","text":"RKLX charges 1.63% a year and RKLZ charges 1.29%, so RKLZ is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"RKLX vs RKLZ","item":"https://etfiq.com/compare/leverage/rklx-vs-rklz"}]},{"@type":"WebPage","name":"RKLX vs RKLZ: which held to its multiple?","description":"RKLX sets out to return +2 times RKLB each day and RKLZ -2 times. Over the three months to Sep 30, 2026 they finished +0.4 pts and \u221239.8 pts away.","url":"https://etfiq.com/compare/leverage/rklx-vs-rklz","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, RKLX finished 2.9 points short and RKLZ 21.5 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of RKLX and RKLZ","description":"RKLX sets out to return +2 times RKLB each day and RKLZ -2 times. Over the three months to Sep 30, 2026 they finished +0.4 pts and \u221239.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/rklx-vs-rklz","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7035,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / RKLX vs RKLZ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n RKLX vs RKLZ: which held to its multiple?\n\n Over three months against its own daily promise, RKLX finished 2.9 points short and RKLZ 21.5 points short.\n Copy this for sharing \n \n Defiance Daily Target 2X Long RKLB ETF and Defiance Daily Target 2X Short RKLB ETF.\n\n Download as PDF \n\n \u221260.3% RKLX returned, 3 months \n +20.9% RKLZ returned, 3 months \n +0.4 pts RKLX from its stated multiple \n \u221239.8 pts RKLZ from its stated multiple \n\n ETFIQ Decay Resistance Score: RKLX scores","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/rklx-vs-rklz","a":{"ticker":"RKLX","name":"Defiance Daily Target 2X Long RKLB ETF","issuer":"Defiance","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: RKLX returned \u221260.3% where its own daily promise gave \u221257.4%, 2.9 points short.","url":"https://etfiq.com/funds/rklx","key_facts":[{"label":"What RKLB did","value":"\u221230.4%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221257.4%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221260.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.9 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$205m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.63%","as_of":"2026-09-30","source":"485BPOS XBRL, Aug 26, 2026"}]},"b":{"ticker":"RKLZ","name":"Defiance Daily Target 2X Short RKLB ETF","issuer":"Defiance","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: RKLZ returned +20.9% where its own daily promise gave +42.4%, 21.5 points short.","url":"https://etfiq.com/funds/rklz","key_facts":[{"label":"What RKLB did","value":"\u221230.4%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"+42.4%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+20.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u221221.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$7m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.29%","as_of":"2026-09-30","source":"485BPOS XBRL, Aug 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/rklx-vs-rklz"}