# RIOX (Defiance Daily Target 2X Long RIOT ETF)

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

Three months to Sep 11, 2026: RIOX returned −52.0% where its own daily promise gave −47.3%, 4.7 points short.

## Key facts

- RIOX, what RIOT did: −19.3%, as of Sep 11, 2026.
- RIOX, what +2 times a day gives: −47.3%, as of Sep 11, 2026.
- RIOX, what the fund returned: −52.0%, as of Sep 11, 2026.
- RIOX, the fund itself cost: −4.7 pts, as of Sep 11, 2026.
- RIOX, net assets: $20m (source, as filed for Apr 30, 2026).
- RIOX, expense ratio: 1.63% (485BPOS XBRL, Aug 25, 2026).

## RIOX over each window to Sep 11, 2026

| Window | Fund | RIOT | +2x the move | Difference | RIOT moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +1.8% | +5.7% | +11.3% | −9.5 pts | 86% |
| 3 months | −52.0% | −19.3% | −38.6% | −13.4 pts | 93% |
| 6 months | +34.7% | +52.9% | +105.8% | −71.1 pts | 89% |
| 1 year | −38.3% | +37.2% | +74.4% | −112.6 pts | 88% |
| Since launch | −46.5% | +74.0% | +148.0% | −194.5 pts | 85% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of RIOT, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.69 times, against +2 stated | ETFIQ |
| Underlying | RIOT | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $20m | source, as filed for Apr 30, 2026 |
| Expense ratio | 1.63% | 485BPOS XBRL, Aug 25, 2026 |
| Launched | Jan 3, 2025 | ETFIQ |
| Underlying volatility over the window | 93% annualized | ETFIQ |

## Questions

### Did RIOX return +2 times RIOT?

Over the window to Sep 11, 2026, RIOT moved −19.3% and RIOX returned −52.0%. 2 times that move is −38.6%, so the fund came out 13.4 points short of it.

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

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

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