# PUR (Defiance Daily Target 2X Long PURR ETF)

Defiance · Leveraged ETFs · data as of Sep 30, 2026

One month to Sep 30, 2026: PUR returned −10.3% where its own daily promise gave −6.9%, 3.5 points short.

## Key facts

- PUR, what PURR did: +0.2%, as of Sep 30, 2026.
- PUR, what 2 times a day gives: −6.9%, as of Sep 30, 2026.
- PUR, what the fund returned: −10.3%, as of Sep 30, 2026.
- PUR, the fund itself cost: −3.5 pts, as of Sep 30, 2026.
- PUR, net assets: $12m (the issuer’s own daily fund list, as of Sep 30, 2026).
- PUR, expense ratio: 1.31% (485BPOS XBRL, Jun 24, 2026).

## PUR over each window to Sep 30, 2026

| Window | Fund | PURR | +2x the move | Difference | PURR moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −10.3% | +0.2% | +0.3% | −10.6 pts | 96% |
| Since launch | +80.5% | +57.7% | +115.4% | −34.9 pts | 104% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of PURR, reset daily | ETFIQ |
| Multiple a holder actually got over the window | PURR moved +0.2% over this window, too little to read a multiple from | ETFIQ |
| Underlying | PURR | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $12m | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 1.31% | 485BPOS XBRL, Jun 24, 2026 |
| Launched | Jul 8, 2026 | ETFIQ |
| Underlying volatility over the window | 96% annualized | ETFIQ |

## Questions

### Did PUR return +2 times PURR?

Over the window to Sep 30, 2026, PURR moved +0.2% and PUR returned −10.3%. 2 times that move is +0.3%, so the fund came out 10.6 points short of it.

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

Because it resets daily. PUR 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.

### Which +2x PURR ETF tracked its stated multiple most closely?

2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the figure itself.


## Cite this page

ETFIQ, PUR, data as of Sep 30, 2026. https://etfiq.com/funds/pur
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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