IQ

CAPA Defiance AI Capacitors & MLCC ETF

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$24.39
+4.5% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

From its Aug 26, 2026 launch to Oct 28, 2026, CAPA lost 2.0%.

What drove CAPA’s returns?What can CAPA’s first months tell me?What does CAPA cost to hold and to trade?
Tracks aI infrastructure and chipsDefiance ↗Expense ratio 0.71%Fund assets $3.4m on Oct 27, 2026First traded Aug 26, 2026Fund page at the issuer ↗SEC filings ↗Every Defiance fund ETFIQ covers

Promise check: Not measuredIts theme exposure is measured once ETFIQ defines its theme company by company.

Compare with…Trading costsPut to the committeeaskIQ about CAPAAdd to portfolioAlerts

CAPA risk and return scorecard

vs its benchmark

Not measured: no ETF prices its benchmark (none named).

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

What you earned

CAPA −7.5%: total return over one month to Oct 28, 2026.
CAPA−7.5%
CAPA −2.0%: total return since launch to Oct 28, 2026.
CAPA−2.0%
askIQ: what drove CAPA’s returns? ↗

What can be shown yet

First traded Aug 26, 2026
holds a swap
Already in the S&P 500
holds a swap
Active share vs the S&P 500
not published
Top ten holdings
−2.0%
Total return, since launch
Report
CAPA has traded for 63 days. Numbers that need a year of prices are not shown yet.
Shown now
First tradedAug 26, 2026
Net assets$3.4m
Below its all-time high−17.8%
Expense ratio0.71%
Not yet
One-year returnfrom Aug 26, 2027
Three-year returnfrom Aug 26, 2029
askIQ: what can CAPA’s first months tell me? ↗

More on CAPA

Every number below is on this page. Open what you need.

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Price since launch, Aug 26, 2026

$24.39+4.5%1 day, priceClose, Oct 28, 2026

Price only. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error

CAPA returns by window: total return, cash paid and price change
WindowTotal returnS&P 500 (SPY)
1M Sep 28 – Oct 28, 2026−7.5%+0.9%
Since launch Aug 26 – Oct 28, 2026−2.0%+1.1%

Total returns, distributions reinvested. Listed Aug 2026: no 3 months, 6 months, year to date, 1 year and 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

CAPA key stats

High since Aug 26, 2026, daily closes to Oct 28, 2026 (ETFIQ)$29.69 on Oct 6, 2026
Low since Aug 26, 2026, daily closes to Oct 28, 2026 (ETFIQ)$22.34 on Oct 23, 2026
Close on Oct 28, 2026, within that range (ETFIQ)$24.40, 28% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Oct 27, 2026
Trading · CAPAas of Oct 27, 2026
·
Too new to score0 of 6 measured · Oct 27, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
Premium or discount to NAV, Oct 27 close+1.88%
−3.3%95% of days within ±2.61%+3.3%
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

About CAPA

Theme (ETFIQ, editorial)AI infrastructure and chips
First tradedAug 26, 2026
Net assets (the issuer’s own daily fund list, as of Oct 27, 2026)$3.4mReport
Below its all-time high (ETFIQ)−17.8%
Expense ratio (485BPOS XBRL, Aug 19, 2026)0.71%Report
Below its all-time high17.8%, high on Oct 6, 2026
How we measure
Since it first traded on Aug 26, 2026 the fund returned −2.0% with distributions reinvested. It sits 17.8% below its all-time high of Oct 6, 2026.
Holdings from the fund’s latest public SEC N-PORT filing; overlap and active share computed by ETFIQ against the IVV and QQQM books; returns from Tiingo end-of-day prices with distributions reinvested. Method
IQ Investment Committee on CAPA

12 seats on CAPA, as of Oct 28, 2026: 4 Challenges, 8 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingNot enough data
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatChallenges
Put CAPA to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about CAPA

Has CAPA beaten the S&P 500?
Since it first traded on Aug 26, 2026, CAPA returned −2.0% with distributions reinvested, against +1.1% for the S&P 500, so it finished behind the index by 3.1 points.
What does CAPA cost?
The prospectus expense ratio is 0.71% a year.
Sources and dates
Prices, CAPA and S&P 500 (SPY)Tiingo end-of-day · Oct 28, 2026
Fee, 0.71%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $3.4mThe issuer’s own daily fund list · Oct 27, 2026
IssuerDefiance page for CAPA ↗
All fund filingsFund filings on SEC EDGAR ↗
Defiance’s own site ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, CAPA, thematic ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/capa

The difference bar for CAPA, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Active share
How differently the money is placed, counting weights: one minus the sum of the smaller weight of each security across the fund and the index. 100% means nothing in common; 0% means the index itself. Two funds can hold the same names and still have a high active share if they weight them very differently.
Weight overlap
The share of money two portfolios hold in the same securities at the same weight.
Already in the index
The fund’s weight in securities the S&P 500 holds at all. A fund can be made entirely of index names and still have high active share, because it holds them at different weights.
Top ten
The weight of the ten largest holdings. Above 50% the fund is a bet on a handful of companies, whatever the theme.
Full definitions: thematic ETFs vocabulary page. →
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Free to use with the credit link. Paste this where the chart should go; it updates every trading night.

CAPA: Holdings not yet filed. Holdings checked on Oct 28, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/capa"><img src="https://etfiq.com/assistant/api/embed/themes/capa.svg" alt="CAPA: Holdings not yet filed. Holdings checked on Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">CAPA: Holdings not yet filed. Holdings checked on Oct 28, 2026. Data: <a href="https://etfiq.com/funds/capa">ETFIQ</a></figcaption>
</figure>

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Snapshot, Oct 28, 2026. More on the tabs above.