# RKLX (Defiance Daily Target 2X Long RKLB ETF)

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

Three months to Sep 11, 2026: RKLX returned −70.2% where its own daily promise gave −68.0%, 2.2 points short.

## Key facts

- RKLX, what RKLB did: −38.5%, as of Sep 11, 2026.
- RKLX, what +2 times a day gives: −68.0%, as of Sep 11, 2026.
- RKLX, what the fund returned: −70.2%, as of Sep 11, 2026.
- RKLX, the fund itself cost: −2.3 pts, as of Sep 11, 2026.
- RKLX, net assets: $236m (source, as filed for Apr 30, 2026).
- RKLX, expense ratio: 1.63% (485BPOS XBRL, Aug 26, 2026).

## RKLX over each window to Sep 11, 2026

| Window | Fund | RKLB | +2x the move | Difference | RKLB moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −42.2% | −22.4% | −44.9% | +2.7 pts | 39% |
| 3 months | −70.2% | −38.5% | −77.0% | +6.8 pts | 80% |
| 6 months | −54.9% | −8.0% | −16.0% | −38.9 pts | 102% |
| 1 year | −46.0% | +30.0% | +60.0% | −105.9 pts | 95% |
| Since launch | +172.5% | +258.3% | not meaningful over this window | not meaningful over this window | 90% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of RKLB, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.82 times, against +2 stated | ETFIQ |
| Underlying | RKLB | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $236m | source, as filed for Apr 30, 2026 |
| Expense ratio | 1.63% | 485BPOS XBRL, Aug 26, 2026 |
| Launched | Mar 13, 2025 | ETFIQ |
| Underlying volatility over the window | 80% annualized | ETFIQ |

## Questions

### Did RKLX return +2 times RKLB?

Over the window to Sep 11, 2026, RKLB moved −38.5% and RKLX returned −70.2%. 2 times that move is −77.0%, so the fund came out 6.8 points ahead of it.

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

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.

### Which +2x RKLB ETF tracked its stated multiple most closely?

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.


## Cite this page

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

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