# DKNX (Defiance Daily Target 2X Long DKNG ETF)

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

DKNX aims to return +2 times DKNG's move each day, then resets. Over one day it does that.

## Key facts

- DKNX, net assets: $4m (SEC N-PORT, whole fund, as filed for Jul 31, 2026).
- DKNX, expense ratio: 1.29% (485BPOS XBRL, Aug 26, 2025).
- DKNX, underlying: DKNG (no investable tracker), as of Oct 2, 2026.
- DKNX, sets out to return: +2 times the daily move of DKNG, reset daily, as of Oct 2, 2026.

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of DKNG, reset daily | ETFIQ |
| Underlying | DKNG (no investable tracker) | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $4m | SEC N-PORT, whole fund, as filed for Jul 31, 2026 |
| Expense ratio | 1.29% | 485BPOS XBRL, Aug 26, 2025 |
| Launched | Jul 31, 2025 | ETFIQ |

## Questions

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

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

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