# PUR (Defiance Daily Target 2X Long PURR ETF)

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

One month to Sep 11, 2026: PUR returned +149.0% where its own daily promise gave +158.1%, 9.1 points short.

## Key facts

- PUR, what PURR did: +72.0%, as of Sep 11, 2026.
- PUR, what +2 times a day gives: +158.1%, as of Sep 11, 2026.
- PUR, what the fund returned: +149.0%, as of Sep 11, 2026.
- PUR, the fund itself cost: −9.1 pts, as of Sep 11, 2026.
- PUR, expense ratio: 1.31% (485BPOS XBRL, Jun 24, 2026).
- PUR, underlying: PURR, as of Sep 11, 2026.

## PUR over each window to Sep 11, 2026

| Window | Fund | PURR | +2x the move | Difference | PURR moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +149.0% | +72.0% | +144.0% | +5.0 pts | 139% |
| Since launch | +72.1% | +49.2% | +98.5% | −26.4 pts | 108% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of PURR, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.07 times, against +2 stated | ETFIQ |
| Underlying | PURR | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Expense ratio | 1.31% | 485BPOS XBRL, Jun 24, 2026 |
| Launched | Jul 8, 2026 | ETFIQ |
| Underlying volatility over the window | 139% annualized | ETFIQ |

## Questions

### Did PUR return +2 times PURR?

Over the window to Sep 11, 2026, PURR moved +72.0% and PUR returned +149.0%. 2 times that move is +144.0%, so the fund came out 5.0 points ahead of it.

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

Because it resets daily. PUR 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, PUR, data as of Sep 11, 2026. https://etfiq.com/funds/PUR
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/PUR  ·  JSON: https://etfiq.com/funds/PUR.json