# KEEX (Defiance Daily Target 2x Long KEEL ETF)

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

Three months to Oct 2, 2026: KEEX returned −59.6% where its own daily promise gave −54.1%, 5.4 points short.

## Key facts

- KEEX, what KEEL did: −21.1%, as of Oct 2, 2026.
- KEEX, what 2 times a day gives: −54.1%, as of Oct 2, 2026.
- KEEX, what the fund returned: −59.6%, as of Oct 2, 2026.
- KEEX, the fund itself cost: −5.4 pts, as of Oct 2, 2026.
- KEEX, net assets: $7m (the issuer’s own daily fund list, as of Oct 1, 2026).
- KEEX, expense ratio: 1.35% (485BPOS XBRL, Aug 25, 2026).

## KEEX over each window to Oct 2, 2026

| Window | Fund | KEEL | +2x the move | Difference | KEEL moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +22.8% | +16.4% | +32.8% | −10.0 pts | 76% |
| 3 months | −59.6% | −21.1% | −42.3% | −17.3 pts | 110% |
| Since launch | −32.6% | +15.3% | +30.6% | −63.2 pts | 107% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of KEEL, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.82 times, against +2 stated | ETFIQ |
| Underlying | KEEL | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $7m | the issuer’s own daily fund list, as of Oct 1, 2026 |
| Expense ratio | 1.35% | 485BPOS XBRL, Aug 25, 2026 |
| Launched | Apr 27, 2026 | ETFIQ |
| Underlying volatility over the window | 110% annualized | ETFIQ |

## Questions

### Did KEEX return +2 times KEEL?

Over the window to Oct 2, 2026, KEEL moved −21.1% and KEEX returned −59.6%. 2 times that move is −42.3%, so the fund came out 17.3 points short of it.

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

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

HTML: https://etfiq.com/funds/keex  ·  JSON: https://etfiq.com/funds/keex.json