SMCX
Defiance Daily Target 2X Long SMCI ETF
Defiance Daily Target 2X Long SMCI ETF seeks to provide daily investment results that are two times the daily percentage change in the share price of Super Micro Computer Inc (SMCI).
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
$ 145.8 M
ASSETS UNDER MGMT
129 bp
EXPENSES
Fund Basics
| Inception date | Aug 21, 2024 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| SUPER MICRO COMPUTER SWAP JNST-L | 32.3 % |
| SUPER MICRO COMPUTER INC NOMURA | 29.5 % |
| SUPER MICRO COMPUTER INC COM SWAP CAN - L | 29.3 % |
| SUPER MICRO COMPUTER INC COM SWAP CS - L | 28.5 % |
| SUPER MICRO COMPUTER INC SWAP NBC-L | 28.0 % |
| SUPER MICRO COMPUTER INC SWAP MAR - L | 27.7 % |
| SUPER MICRO COMPUTER INC SWAP MS | 15.4 % |
| SUPER MICRO COMPUTER INC SWAP BMO | 9.3 % |
| UNITED STATES TREASURY BILL 06/25/2026 | 7.9 % |
| CASH & OTHER | -108.0 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 28.6% | -58.6% | -- | -- | -- | -- | -- | -78.6% |
| Dividend Yield | 0.0% | 1.7% | -- | -- | -- | -- | -- | 0.5% |
| Total Returns | 28.6% | -56.9% | -- | -- | -- | -- | -- | -78.1% | Ann. Volatility | 193.5% | 156.9% | -- | -- | -- | -- | -- | 206.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 6.30 | 22% |
| MSCI EAFE | 4.31 | 17% |
| MSCI Emg Mkts | 3.76 | 23% |
Liquidity Measures
| Avg. volume (000) | 4,519 |
| ADV traded (mns) | $46 |
| Turnover | 31.5% |
| Avg. Bid/Ask (% of price) | 0.10% |
Technical Indicators
| 30d moving avg. (EMA) | $18.80 |
| Relative strength (RSI) | 44 |
| MACD/Signal | -0.06/2.05 |
| Bollinger Bands (Upper/Lower) | $35.43/$5.68 |
| Short interest (% of AUM) | 13.1% |
Distributions