# POEL (Defiance Daily Target 2X Long POET ETF)

Defiance · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: POEL returned −73.1% where its own daily promise gave −68.3%, 4.9 points short.

## Key facts

- POEL, what POET did: −36.5%, as of Sep 11, 2026.
- POEL, what +2 times a day gives: −68.3%, as of Sep 11, 2026.
- POEL, what the fund returned: −73.1%, as of Sep 11, 2026.
- POEL, the fund itself cost: −4.9 pts, as of Sep 11, 2026.
- POEL, expense ratio: 1.31% (485BPOS XBRL, Aug 28, 2026).
- POEL, underlying: POET, as of Sep 11, 2026.

## POEL over each window to Sep 11, 2026

| Window | Fund | POET | +2x the move | Difference | POET moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −26.9% | −10.4% | −20.7% | −6.2 pts | 75% |
| 3 months | −73.1% | −36.5% | −73.1% | 0.0 pts | 98% |
| Since launch | −56.8% | +8.8% | +17.5% | −74.3 pts | 151% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of POET, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2 times, against +2 stated | ETFIQ |
| Underlying | POET | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Expense ratio | 1.31% | 485BPOS XBRL, Aug 28, 2026 |
| Launched | May 1, 2026 | ETFIQ |
| Underlying volatility over the window | 98% annualized | ETFIQ |

## Questions

### Did POEL return +2 times POET?

Over the window to Sep 11, 2026, POET moved −36.5% and POEL returned −73.1%. 2 times that move is −73.1%, so the fund came out 0.0 points short of it.

### Why does POEL not return +2 times over a year?

Because it resets daily. POEL aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, POEL, data as of Sep 11, 2026. https://etfiq.com/funds/POEL
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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