DAMDDefiance Daily Target 2X Short AMD ETF
The Defiance Daily Target 2X Short AMD ETF seeks daily leveraged investment results that correspond to two times (200%) the inverse of the daily performance of the underlying security, which is AMD.
By Defiance ETFs LLC · Launched 2025
0.01%
#150 of 5,562 · low cost
$35M
#3,896 of 5,562 · small
N/A
7 months
#4,956 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 1 holdings = 10.0% of fund✓ well diversified
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- The Defiance Daily Target 2X Short AMD ETF seeks daily leveraged investment results that correspond to two times (200%) the inverse of the daily performance of the underlying security, which is AMD.
- Strategy
- The principal investment strategy involves using financial instruments such as swaps, futures, and options to achieve its investment objective of providing daily returns that are two times the inverse of the performance of AMD, making it suitable for short-term trading.
- Inception date
- November 13, 2025
- Fund family
- Defiance ETFs LLC
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged single-stock ETF — documented structural drag
Single-stock leveraged ETFs magnify one stock's daily move. Research on these products (Bessembinder et al., 2024) finds 56% posted negative absolute returns over one year, with ~9.5% annual drag versus the underlying stock. Daily rebalancing plus financing costs work against the investor on any holding period longer than a few days.
Source: Bessembinder, Cooper, Zhang — 'Leveraged Single-Stock ETFs' (SSRN 2024)
Why we flagged this: strategy=inverse + single_stock_wrapper
Inverse ETF — daily tool only
Delivers the inverse of the benchmark's daily return. The compounding path makes multi-day holding unpredictable even when the benchmark's total move goes your way. Legitimate as a one-day hedge; dangerous as a view.
Source: Cheng & Madhavan (2009)
Why we flagged this: strategy=inverse + inverse_name_or_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-19