Key stats
Fund info
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Inception date
Nov 17, 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
US88636W1716
CUSIP
88636W171
FIGI
BBG01YDNWJC9
Identifiers
ISIN US88636W1716
RKLZ uses swap agreements to make bearish bets on Rocket Lab Corporation's (NASDAQ: RKLB) share price. RKLB is a leading aerospace manufacturer and space launch provider focused on delivering reliable and responsive launch services, spacecraft components, and on-orbit solutions. The fund maintains a daily leveraged exposure equivalent to -200% of the fund's net assets through daily rebalancing. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected -2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. Additionally, the fund could potentially lose money over time, even if RKLB' performance strengthens. The fund is expected to invest in cash-like instruments as collateral.
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
Bonds, Cash & Other100.00%
Cash96.75%
Government2.93%
Mutual fund0.32%
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
RKLZ assets under management is 214.91 K USD. It's fallen 65.63% over the last month.
RKLZ fund flows account for 15.25 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, RKLZ doesn't pay dividends to its holders.
RKLZ shares are issued by TFG Parent Holdings LLC under the brand Defiance. The ETF was launched on Nov 17, 2025, and its management style is Active.
RKLZ expense ratio is 1.29% meaning you'd have to pay 1.29% of your investment to help manage the fund.
RKLZ follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RKLZ invests in cash.
RKLZ price has fallen by −43.96% over the last month, and its yearly performance shows a −98.26% decrease. See more dynamics on RKLZ price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −33.09% over the last month, showed a 16.78% increase in three-month performance and has decreased by −93.25% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −33.09% over the last month, showed a 16.78% increase in three-month performance and has decreased by −93.25% in a year.
RKLZ trades at a premium (0.25%) meaning the ETF is trading at a higher price than the calculated NAV.