# ANEL (Defiance Daily Target 2X Long ANET ETF)

Defiance · Leveraged ETFs · data as of Oct 2, 2026

Three months to Oct 2, 2026: ANEL returned +50.8% where its own daily promise gave +57.1%, 6.3 points short.

## Key facts

- ANEL, what ANET did: +29.6%, as of Oct 2, 2026.
- ANEL, what 2 times a day gives: +57.1%, as of Oct 2, 2026.
- ANEL, what the fund returned: +50.8%, as of Oct 2, 2026.
- ANEL, the fund itself cost: −6.3 pts, as of Oct 2, 2026.
- ANEL, net assets: $17m (the issuer’s own daily fund list, as of Oct 1, 2026).
- ANEL, expense ratio: 1.45% (485BPOS XBRL, Aug 24, 2026).

## ANEL over each window to Oct 2, 2026

| Window | Fund | ANET | +2x the move | Difference | ANET moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +21.4% | +11.4% | +22.8% | −1.4 pts | 36% |
| 3 months | +50.8% | +29.6% | +59.2% | −8.4 pts | 52% |
| 6 months | +110.2% | +63.7% | +127.4% | −17.1 pts | 56% |
| 1 year | +32.3% | +43.5% | +87.1% | −54.7 pts | 54% |
| Since launch | +34.4% | +46.9% | +93.8% | −59.4 pts | 54% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of ANET, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.72 times, against +2 stated | ETFIQ |
| Underlying | ANET | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $17m | the issuer’s own daily fund list, as of Oct 1, 2026 |
| Expense ratio | 1.45% | 485BPOS XBRL, Aug 24, 2026 |
| Launched | Sep 4, 2025 | ETFIQ |
| Underlying volatility over the window | 52% annualized | ETFIQ |

## Questions

### Did ANEL return +2 times ANET?

Over the window to Oct 2, 2026, ANET moved +29.6% and ANEL returned +50.8%. 2 times that move is +59.2%, so the fund came out 8.4 points short of it.

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

Because it resets daily. ANEL 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, ANEL, data as of Oct 2, 2026. https://etfiq.com/funds/anel
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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