# SOFX (Defiance Daily Target 2X Long SOFI ETF)

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

Three months to Sep 30, 2026: SOFX returned −36.2% where its own daily promise gave −32.1%, 4.1 points short.

## Key facts

- SOFX, what SOFI did: −14.8%, as of Sep 30, 2026.
- SOFX, what 2 times a day gives: −32.1%, as of Sep 30, 2026.
- SOFX, what the fund returned: −36.2%, as of Sep 30, 2026.
- SOFX, the fund itself cost: −4.1 pts, as of Sep 30, 2026.
- SOFX, net assets: $55m (the issuer’s own daily fund list, as of Sep 30, 2026).
- SOFX, expense ratio: 1.33% (485BPOS XBRL, Aug 28, 2026).

## SOFX over each window to Sep 30, 2026

| Window | Fund | SOFI | +2x the move | Difference | SOFI moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −25.5% | −12.1% | −24.2% | −1.4 pts | 38% |
| 3 months | −36.2% | −14.8% | −29.5% | −6.7 pts | 52% |
| 6 months | −23.6% | +0.6% | +1.2% | −24.8 pts | 55% |
| 1 year | −80.0% | −40.5% | −81.0% | +1.0 pts | 57% |
| Since launch | −64.8% | −3.6% | −7.1% | −57.7 pts | 60% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of SOFI, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.46 times, against +2 stated | ETFIQ |
| Underlying | SOFI | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $55m | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 1.33% | 485BPOS XBRL, Aug 28, 2026 |
| Launched | Jan 16, 2025 | ETFIQ |
| Underlying volatility over the window | 52% annualized | ETFIQ |

## Questions

### Did SOFX return +2 times SOFI?

Over the window to Sep 30, 2026, SOFI moved −14.8% and SOFX returned −36.2%. 2 times that move is −29.5%, so the fund came out 6.7 points short of it.

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

Because it resets daily. SOFX 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 SOFI ETF tracked its stated multiple most closely?

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

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