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Beacon

SMCXDefiance Daily Target 2X Long SMCI ETF

Take a bet1y track recordRanked #223 of 949 in this goal

Seeks daily investment results of 200% the daily percentage change in the share price of Super Micro Computer, Inc.

By Defiance ETFs LLC · Launched 2024

Annual Cost

1.43%

#5,663 of 5,854 · expensive

Fund Size

$154M

#2,590 of 5,854 · mid-size

Return (1Y)Goal

-94.5%

Track Record

1 year

#3,662 of 5,854 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$582-94.2%

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

What's inside

How Beacon categorizes this fund

Asset class

Equity

Strategy

Leveraged

What it actually holds

By weight

Concentration

single-stock bet — holdings shown are derivatives collateral, not diversification

TREASURY BILL
12.0%
N/A
1.4%
First American Government Obli
1.0%
N/A
0.7%
N/A
0.7%
N/A
0.7%
N/A
0.5%
N/A
0.4%
N/A
0.2%

Asset allocation

Other
149.3%
Stocks
52.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
178.5%High

Year-on-year price swings

Max drawdown
-99.2%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks daily investment results of 200% the daily percentage change in the share price of Super Micro Computer, Inc.
Strategy
Actively managed ETF aiming for 200% of the daily percentage change in the share price of Super Micro Computer, Inc. through derivatives like swaps and options. Focuses on daily rebalancing to maintain leverage and may hold U.S. Government securities as collateral.
Inception date
August 21, 2024
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

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 2026-08-03