{
 "ticker": "RKLX",
 "name": "Defiance Daily Target 2X Long RKLB ETF",
 "issuer": "Defiance",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/RKLX",
 "html": "https://etfiq.com/funds/RKLX",
 "markdown": "https://etfiq.com/funds/RKLX.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: RKLX returned \u221270.2% where its own daily promise gave \u221268.0%, 2.2 points short.",
 "key_facts": [
  {
   "key": "what_rklb_did",
   "label": "What RKLB did",
   "value": "\u221238.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "RKLX, what RKLB did: \u221238.5%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "\u221268.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "RKLX, what +2 times a day gives: \u221268.0%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221270.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "RKLX, what the fund returned: \u221270.2%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.3 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "RKLX, the fund itself cost: \u22122.3 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$236m",
   "source": "source, as filed for Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "RKLX, net assets: $236m (source, as filed for Apr 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.63%",
   "source": "485BPOS XBRL, Aug 26, 2026",
   "as_of": "2026-09-11",
   "sentence": "RKLX, expense ratio: 1.63% (485BPOS XBRL, Aug 26, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of RKLB, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.82 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "RKLB",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$236m",
   "source": "source, as filed for Apr 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.63%",
   "source": "485BPOS XBRL, Aug 26, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Mar 13, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "80% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221242.2%",
   "RKLB": "\u221222.4%",
   "+2x the move": "\u221244.9%",
   "Difference": "+2.7 pts",
   "RKLB moved about": "39%"
  },
  {
   "window": "3 months",
   "Fund": "\u221270.2%",
   "RKLB": "\u221238.5%",
   "+2x the move": "\u221277.0%",
   "Difference": "+6.8 pts",
   "RKLB moved about": "80%"
  },
  {
   "window": "6 months",
   "Fund": "\u221254.9%",
   "RKLB": "\u22128.0%",
   "+2x the move": "\u221216.0%",
   "Difference": "\u221238.9 pts",
   "RKLB moved about": "102%"
  },
  {
   "window": "1 year",
   "Fund": "\u221246.0%",
   "RKLB": "+30.0%",
   "+2x the move": "+60.0%",
   "Difference": "\u2212105.9 pts",
   "RKLB moved about": "95%"
  },
  {
   "window": "Since launch",
   "Fund": "+172.5%",
   "RKLB": "+258.3%",
   "+2x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "RKLB moved about": "90%"
  }
 ],
 "questions": [
  {
   "q": "Did RKLX return +2 times RKLB?",
   "a": "Over the window to Sep 11, 2026, RKLB moved \u221238.5% and RKLX returned \u221270.2%. 2 times that move is \u221277.0%, so the fund came out 6.8 points ahead of it."
  },
  {
   "q": "Why does RKLX not return +2 times over a year?",
   "a": "Because it resets daily. RKLX 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."
  },
  {
   "q": "Which +2x RKLB ETF tracked its stated multiple most closely?",
   "a": "2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}