SMSTDefiance Daily Target 2X Short MSTR ETF
Seeks daily inverse investment results of -2 times the daily percentage change in the share price of MicroStrategy Incorporated.
By Defiance ETFs LLC · Launched 2024
Annual Cost
1.38%
#5,806 of 6,040 · expensive
Fund Size
$14M
#4,795 of 6,040 · small
Return (1Y)
-27.7%
Track Record
2 years
#3,672 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$7,008-29.9%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
EquityStrategy
Inverse
Holdings
By weightConcentration
single-stock exposure — holdings shown are derivatives collateral, not the fund's position
TREASURY BILL
20.0%
N/A
2.8%
N/A
2.6%
First American Government Obli
1.1%
N/A
0.4%
N/A
0.3%
N/A
0.1%
Asset allocation
Cash
377.8%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
160.6%High
Year-on-year price swings
Max drawdown
-99.3%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 inverse investment results of -2 times the daily percentage change in the share price of MicroStrategy Incorporated.
- Strategy
- Actively managed ETF aiming for -200% of the daily performance of MicroStrategy Incorporated using derivatives like swaps and options. Focused on achieving this result for a single trading day only.
- Inception date
- August 20, 2024
- Fund family
- Defiance ETFs LLC
Similar funds
Same asset class, closest by strategy & exposureNext steps
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Data updated on 2026-09-18