# RGTZ (Defiance Daily Target 2X Short RGTI ETF)

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

Three months to Sep 11, 2026: RGTZ returned −2.4% where its own daily promise gave +11.9%, 14.3 points short.

## Key facts

- RGTZ, what RGTI did: −27.2%, as of Sep 11, 2026.
- RGTZ, what −2 times a day gives: +11.9%, as of Sep 11, 2026.
- RGTZ, what the fund returned: −2.4%, as of Sep 11, 2026.
- RGTZ, the fund itself cost: −14.3 pts, as of Sep 11, 2026.
- RGTZ, net assets: $22m (source, as filed for Apr 30, 2026).
- RGTZ, expense ratio: 1.83% (485BPOS XBRL, Aug 28, 2026).

## RGTZ over each window to Sep 11, 2026

| Window | Fund | RGTI | -2x the move | Difference | RGTI moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +22.7% | −17.1% | +34.2% | −11.5 pts | 70% |
| 3 months | −2.4% | −27.2% | +54.4% | −56.8 pts | 83% |
| 6 months | −84.5% | −5.6% | +11.1% | −95.7 pts | 101% |
| Since launch | −78.8% | −67.6% | +135.2% | −214.0 pts | 103% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of RGTI, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +0.09 times, against -2 stated | ETFIQ |
| Underlying | RGTI | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $22m | source, as filed for Apr 30, 2026 |
| Expense ratio | 1.83% | 485BPOS XBRL, Aug 28, 2026 |
| Launched | Oct 9, 2025 | ETFIQ |
| Underlying volatility over the window | 83% annualized | ETFIQ |

## Questions

### Did RGTZ return -2 times RGTI?

Over the window to Sep 11, 2026, RGTI moved −27.2% and RGTZ returned −2.4%. 2 times that move is +54.4%, so the fund came out 56.8 points short of it.

### Why does RGTZ not return -2 times over a year?

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

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