Key stats
About Defiance Daily Target 2x Long AVAV ETF
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Inception date
Oct 23, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
Identifiers
3
ISIN US88636W7911
AVXX uses swap agreements and short-dated listed call options to make bullish bets on the share price of AeroVironment Inc. (NASDAQ: AVAV). AVAV Limited operates energy-efficient data centers that provide computing infrastructure for Bitcoin mining and AI workloads, focusing on scalable, sustainable power use for high-performance data processing. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in AVAVs price through daily rebalancing. Returns may deviate from the expected 2x if held for longer than a single day due to factors such as volatility, compounding, or rebalancing effects. AVXX may also hold US government securities, money market funds, short-term bond ETFs, and investment-grade corporate debt as collateral for its derivatives positions.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Mutual fund
Bonds, Cash & Other100.00%
Cash79.60%
Mutual fund17.10%
Government3.30%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
AVXX assets under management is 6.07 M USD. It's risen 87.37% over the last month.
AVXX fund flows account for 6.36 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, AVXX pays dividends to its holders with the dividend yield of 0.30%. The last dividend (Dec 31, 2025) amounted to 0.03 USD. The dividends are paid annually.
AVXX shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Oct 23, 2025, and its management style is Active.
AVXX expense ratio is 1.31% meaning you'd have to pay 1.31% of your investment to help manage the fund.
AVXX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
AVXX invests in cash.
AVXX price has risen by 7.24% over the last month, and its yearly performance shows a −55.80% decrease. See more dynamics on AVXX price chart.
NAV returns, another gauge of an ETF dynamics, showed a 20.22% increase in three-month performance and has increased by 20.22% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 20.22% increase in three-month performance and has increased by 20.22% in a year.
AVXX trades at a premium (0.13%) meaning the ETF is trading at a higher price than the calculated NAV.