# WYFL (Defiance Daily Target 2X Long WYFI ETF)

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

Three months to Sep 11, 2026: WYFL returned −68.7% where its own daily promise gave −64.3%, 4.4 points short.

## Key facts

- WYFL, what WYFI did: −22.5%, as of Sep 11, 2026.
- WYFL, what +2 times a day gives: −64.3%, as of Sep 11, 2026.
- WYFL, what the fund returned: −68.7%, as of Sep 11, 2026.
- WYFL, the fund itself cost: −4.4 pts, as of Sep 11, 2026.
- WYFL, net assets: $6m (source, as filed for Jun 30, 2026).
- WYFL, expense ratio: 1.31% (485BPOS XBRL, Apr 24, 2026).

## WYFL over each window to Sep 11, 2026

| Window | Fund | WYFI | +2x the move | Difference | WYFI moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −62.2% | −33.0% | −66.1% | +3.9 pts | 104% |
| 3 months | −68.7% | −22.5% | −45.0% | −23.6 pts | 147% |
| Since launch | −76.2% | −30.3% | −60.6% | −15.6 pts | 144% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of WYFI, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +3.05 times, against +2 stated | ETFIQ |
| Underlying | WYFI | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $6m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.31% | 485BPOS XBRL, Apr 24, 2026 |
| Launched | Jun 4, 2026 | ETFIQ |
| Underlying volatility over the window | 147% annualized | ETFIQ |

## Questions

### Did WYFL return +2 times WYFI?

Over the window to Sep 11, 2026, WYFI moved −22.5% and WYFL returned −68.7%. 2 times that move is −45.0%, so the fund came out 23.6 points short of it.

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

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

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