DRNLDefiance 2X Daily Long Pure Dro
Seeks daily investment results that correspond to 2X the daily performance of the BITA Pure Drone and Aerial Automation Index.
By Defiance ETFs LLC · Launched 2026
1.31%
#5,345 of 5,562 · expensive
$0.3M
#5,543 of 5,562 · small
N/A
3 months
#5,279 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
EquityRegion
North americaStrategy
Leveraged
Index tracked
BITA Pure Drone and Aerial Automation Index
What it actually holds
By weightAsset 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
- Cboe BZX, NYSE American
Full fund details
- Objective
- Seeks daily investment results that correspond to 2X the daily performance of the BITA Pure Drone and Aerial Automation Index.
- Strategy
- Seeks to achieve 2X daily leveraged exposure to the BITA Pure Drone and Aerial Automation Index primarily through swap agreements and listed options. Does not seek to achieve this over periods longer than a trading day.
- Inception date
- March 2, 2026
- 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 ETF — not a long-term hold
This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.
Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Why we flagged this: strategy=leveraged + leveraged_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