{
 "ticker": "RKTL",
 "name": "Defiance Daily Target 2X Long RKT ETF",
 "issuer": "Defiance",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/RKTL",
 "html": "https://etfiq.com/funds/RKTL",
 "markdown": "https://etfiq.com/funds/RKTL.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: RKTL returned +4.1% where its own daily promise gave \u22126.0%, 10.1 points over.",
 "key_facts": [
  {
   "key": "what_rkt_did",
   "label": "What RKT did",
   "value": "+0.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "RKTL, what RKT did: +0.8%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "\u22126.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "RKTL, what +2 times a day gives: \u22126.0%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+4.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "RKTL, what the fund returned: +4.1%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_added",
   "label": "The fund itself added",
   "value": "+10.1 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "RKTL, the fund itself added: +10.1 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$2m",
   "source": "source, as filed for Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "RKTL, net assets: $2m (source, as filed for Apr 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.31%",
   "source": "485BPOS XBRL, Dec 23, 2025",
   "as_of": "2026-09-11",
   "sentence": "RKTL, expense ratio: 1.31% (485BPOS XBRL, Dec 23, 2025)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of RKT, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "RKT moved +0.8% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "RKT",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$2m",
   "source": "source, as filed for Apr 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.31%",
   "source": "485BPOS XBRL, Dec 23, 2025"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jan 13, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "57% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u22120.1%",
   "RKT": "\u22126.2%",
   "+2x the move": "\u221212.4%",
   "Difference": "+12.3 pts",
   "RKT moved about": "49%"
  },
  {
   "window": "3 months",
   "Fund": "+4.1%",
   "RKT": "+0.8%",
   "+2x the move": "+1.7%",
   "Difference": "+2.5 pts",
   "RKT moved about": "57%"
  },
  {
   "window": "6 months",
   "Fund": "\u221224.1%",
   "RKT": "\u22126.8%",
   "+2x the move": "\u221213.6%",
   "Difference": "\u221210.6 pts",
   "RKT moved about": "60%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221274.4%",
   "RKT": "\u221242.1%",
   "+2x the move": "\u221284.2%",
   "Difference": "+9.8 pts",
   "RKT moved about": "62%"
  }
 ],
 "questions": [
  {
   "q": "Did RKTL return +2 times RKT?",
   "a": "Over the window to Sep 11, 2026, RKT moved +0.8% and RKTL returned +4.1%. 2 times that move is +1.7%, so the fund came out 2.5 points ahead of it."
  },
  {
   "q": "Why does RKTL not return +2 times over a year?",
   "a": "Because it resets daily. RKTL 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."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}