MPLDefiance Daily Target 2X Long MP ETF
Seeks daily investment results of 200% the daily percentage change in the share price of MP Materials Corp.
By Defiance ETFs LLC · Launched 2025
1.31%
#5,611 of 5,861 · expensive
$6M
#5,146 of 5,861 · small
N/A
10 months
#4,773 of 5,861 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
EquityStrategy
Leveraged
What it actually holds
By weightConcentration
single-stock bet — holdings shown are derivatives collateral, not diversification
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks daily investment results of 200% the daily percentage change in the share price of MP Materials Corp.
- Strategy
- Actively managed ETF aiming for 200% daily exposure to the share price of MP Materials Corp. through derivatives like swaps and options. The strategy involves daily rebalancing and high portfolio turnover to maintain leverage.
- Inception date
- October 20, 2025
- Fund family
- Defiance ETFs LLC
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Most of these lose money
These funds amplify one stock's daily move, then reset every day. More than half of them have lost money outright, and the daily reset plus financing costs drag roughly 9.5% a year off the return. The longer you hold, the more that compounding works against you.
Sources: Bessembinder, 'Leveraged Single-Stock ETFs' (SSRN 2025)
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 2026-08-04