# RGTZ (Defiance Daily Target 2X Short RGTI ETF)

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

Three months to Sep 30, 2026: RGTZ returned −22.0% where its own daily promise gave −11.7%, 10.3 points short.

## Key facts

- RGTZ, what RGTI did: −15.7%, as of Sep 30, 2026.
- RGTZ, what −2 times a day gives: −11.7%, as of Sep 30, 2026.
- RGTZ, what the fund returned: −22.0%, as of Sep 30, 2026.
- RGTZ, the fund itself cost: −10.3 pts, as of Sep 30, 2026.
- RGTZ, net assets: $12m (the issuer’s own daily fund list, as of Sep 30, 2026).
- RGTZ, expense ratio: 1.83% (485BPOS XBRL, Aug 28, 2026).

## RGTZ over each window to Sep 30, 2026

| Window | Fund | RGTI | -2x the move | Difference | RGTI moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −9.7% | +0.5% | −1.0% | −8.6 pts | 48% |
| 3 months | −22.0% | −15.7% | +31.5% | −53.5 pts | 78% |
| 6 months | −89.3% | +16.6% | −33.2% | −56.2 pts | 100% |
| Since launch | −81.3% | −66.6% | +133.2% | −214.4 pts | 101% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of RGTI, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.4 times, against -2 stated | ETFIQ |
| Underlying | RGTI | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $12m | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 1.83% | 485BPOS XBRL, Aug 28, 2026 |
| Launched | Oct 9, 2025 | ETFIQ |
| Underlying volatility over the window | 78% annualized | ETFIQ |

## Questions

### Did RGTZ return -2 times RGTI?

Over the window to Sep 30, 2026, RGTI moved −15.7% and RGTZ returned −22.0%. −2 times that move is +31.5%, so the fund came out 53.5 points short of it.

### Why does RGTZ not return -2 times over a year?

Because it resets daily. RGTZ 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, RGTZ, data as of Sep 30, 2026. https://etfiq.com/funds/rgtz
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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