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Beacon

HOOZDefiance Daily Target 2X Short HOOD ETF

Take a betNewRanked #69 of 775 in this goal

Seeks daily inverse investment results of -200% the daily percentage change in the share price of Robinhood Markets, Inc.

By Defiance ETFs LLC · Launched 2025

Annual Cost

0.01%

#150 of 5,562 · low cost

Fund Size

$3M

#5,271 of 5,562 · small

Return (1Y)Goal

N/A

Track Record

7 months

#4,950 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$5,091-49.1%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Inverse

Focus

Single Stock

What it actually holds

By weight

Concentration

Top 6 holdings = 48.7% of fundmoderately concentrated

N/A
11.7%
TREASURY BILL
10.5%
N/A
9.1%
N/A
8.7%
N/A
8.1%
First American Government Obli
0.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-75.8%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily inverse investment results of -200% the daily percentage change in the share price of Robinhood Markets, Inc.
Strategy
Actively managed ETF aiming for -200% of the daily performance of Robinhood Markets, Inc. through derivatives like swaps and options. Utilizes short-dated in-the-money call options and may adjust strategies based on market conditions. The Fund's performance for periods longer than one day will likely differ from -200% of the Underlying Security due to daily rebalancing and compounding effects. It may invest in U.S. Government securities and other short-term instruments as collateral for derivatives.
Inception date
November 12, 2025
Fund family
Defiance ETFs LLC

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged single stock
Critical

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
Warning

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