URAX
Defiance Daily Target 2x Long Uranium ETF
URAX seeks to provide 2x leveraged exposure to the daily share price movement of the Global X Uranium ETF (URA), less fees and expenses.
Exposure
DERIVATIVES
Active
MANAGEMENT STYLE
3.8 M
ASSETS UNDER MGMT
95 bp
EXPENSES
Fund Basics
| Fund sponsor | Defiance |
| Category | Exposure |
| Asset class | Derivatives |
| Website | link... |
| Inception date | May 23, 2024 |
| Assets (mns) | $4 |
| Expense ratio | 95 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| GLOBAL X FDS GLOBAL X URANIUM SWAP MAREX - L | 159.4 % |
| GLOBAL X FDS GLOBAL X URANIUM SWAP CS - L | 32.5 % |
| GLOBAL X URANIUM ETF | 8.1 % |
| CASH & OTHER | -100.1 % |
Historical Performance
Standardized Performance (as of 08/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -35.0% | -50.3% | -- | -- | -- | -- | -- | -58.2% |
| Dividend Yield | 35.0% | 50.3% | -- | -- | -- | -- | -- | 58.2% |
| Total Returns | -- | -- | -- | -- | -- | -- | -- | -- | Ann. Volatility | 98.1% | 83.5% | -- | -- | -- | -- | -- | 81.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.61% |
Technical Indicators
| Recent close | $7.94 |
| 30d moving avg. | $8.55 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 41 |
| Short interest | 1.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Exposure Derivatives ETFs |
| # of ETFs | 10 |
| Avg. Expense Ratio | 134.3 bp |
| Std. Deviation | 111.4 bp |
| URAX (95 bp) Percentile rank | 43 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| URAX | 95.0 | 60.6 | 155.6 |
| Peer Avg. | 106.5 | 54.9 | 161.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .