Key stats
About Defiance Daily Target 2X Long RKLB ETF
Home page
Inception date
Mar 12, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US88636R2224
RKLX uses swap agreements aiming to provide 200% daily targeted exposure to Rocket Lab USA, Inc. (RKLB). Rocket Lab is a company involved with satellite launches, space exploration, and advanced aerospace systems. The firm aims to capitalize on the growing interest in space exploration. As a leveraged product, it is designed for short-term tactical use. Returns may deviate from the expected 2x if held longer than a single day due to factors like volatility and compounding effects. This strategy is high-risk and does not incorporate a defensive position. RKLX could potentially lose value over time, even if RKLB's performance is strong. The ETF may hold government securities, money market funds, etc. as collateral for the swaps. Purchasers should be comfortable with counter-party risk.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Stocks0.87%
Electronic Technology0.87%
Bonds, Cash & Other99.13%
Cash91.50%
Mutual fund7.63%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
RKLX assets under management is 68.70 M USD. It's risen 20.18% over the last month.
RKLX fund flows account for 30.21 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, RKLX doesn't pay dividends to its holders.
RKLX shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Mar 12, 2025, and its management style is Active.
RKLX expense ratio is 1.31% meaning you'd have to pay 1.31% of your investment to help manage the fund.
RKLX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RKLX invests in cash.
RKLX trades at a premium (0.12%) meaning the ETF is trading at a higher price than the calculated NAV.