# RIOX (Defiance Daily Target 2X Long RIOT ETF)

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

Three months to Oct 2, 2026: RIOX returned −41.1% where its own daily promise gave −35.4%, 5.8 points short.

## Key facts

- RIOX, what RIOT did: −10.8%, as of Oct 2, 2026.
- RIOX, what 2 times a day gives: −35.4%, as of Oct 2, 2026.
- RIOX, what the fund returned: −41.1%, as of Oct 2, 2026.
- RIOX, the fund itself cost: −5.8 pts, as of Oct 2, 2026.
- RIOX, net assets: $13m (the issuer’s own daily fund list, as of Oct 1, 2026).
- RIOX, expense ratio: 1.63% (485BPOS XBRL, Aug 25, 2026).

## RIOX over each window to Oct 2, 2026

| Window | Fund | RIOT | +2x the move | Difference | RIOT moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +3.7% | +5.9% | +11.8% | −8.1 pts | 80% |
| 3 months | −41.1% | −10.8% | −21.5% | −19.6 pts | 92% |
| 6 months | +36.3% | +53.4% | +106.8% | −70.6 pts | 88% |
| 1 year | −65.7% | +2.5% | +5.0% | −70.7 pts | 88% |
| Since launch | −57.0% | +59.9% | +119.8% | −176.7 pts | 85% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of RIOT, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +3.82 times, against +2 stated | ETFIQ |
| Underlying | RIOT | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $13m | the issuer’s own daily fund list, as of Oct 1, 2026 |
| Expense ratio | 1.63% | 485BPOS XBRL, Aug 25, 2026 |
| Launched | Jan 3, 2025 | ETFIQ |
| Underlying volatility over the window | 92% annualized | ETFIQ |

## Questions

### Did RIOX return +2 times RIOT?

Over the window to Oct 2, 2026, RIOT moved −10.8% and RIOX returned −41.1%. 2 times that move is −21.5%, so the fund came out 19.6 points short of it.

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

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

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