# POEL (Defiance Daily Target 2X Long POET ETF)

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

Three months to Oct 2, 2026: POEL returned −45.2% where its own daily promise gave −34.8%, 10.4 points short.

## Key facts

- POEL, what POET did: −11.1%, as of Oct 2, 2026.
- POEL, what 2 times a day gives: −34.8%, as of Oct 2, 2026.
- POEL, what the fund returned: −45.2%, as of Oct 2, 2026.
- POEL, the fund itself cost: −10.4 pts, as of Oct 2, 2026.
- POEL, net assets: $16m (the issuer’s own daily fund list, as of Oct 1, 2026).
- POEL, expense ratio: 1.31% (485BPOS XBRL, Aug 28, 2026).

## POEL over each window to Oct 2, 2026

| Window | Fund | POET | +2x the move | Difference | POET moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +5.0% | +6.9% | +13.7% | −8.8 pts | 66% |
| 3 months | −45.2% | −11.1% | −22.1% | −23.0 pts | 89% |
| Since launch | −60.8% | +6.6% | +13.1% | −73.9 pts | 142% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of POET, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +4.08 times, against +2 stated | ETFIQ |
| Underlying | POET | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $16m | the issuer’s own daily fund list, as of Oct 1, 2026 |
| Expense ratio | 1.31% | 485BPOS XBRL, Aug 28, 2026 |
| Launched | May 1, 2026 | ETFIQ |
| Underlying volatility over the window | 89% annualized | ETFIQ |

## Questions

### Did POEL return +2 times POET?

Over the window to Oct 2, 2026, POET moved −11.1% and POEL returned −45.2%. 2 times that move is −22.1%, so the fund came out 23.0 points short of it.

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

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

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