Key stats
About Defiance Enhanced Long Vol ETF
Home page
Inception date
Aug 7, 2025
Structure
Open-Ended Fund
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
ISIN
US88636V6864
VIXI seeks to generate returns during periods of heightened volatility and equity market declines through a two-part approach. One component takes long positions in short-term VIX futures with exposure generally around 0.75x to 1x, aiming to benefit from increases in expected market volatility. The other maintains leveraged short exposure of about 1.5x to 2x to the S&P 500, seeking gains when US stocks fall. These positions are implemented through derivatives such as futures, swaps, and options, and may be accessed indirectly via a Cayman subsidiary. The fund also holds cash or short-term US Treasuries as collateral. While this structure can respond strongly to market stress, it can also produce substantial losses during extended bull markets or prolonged low-volatility periods, when both components may detract from performance. The combined exposures result in a risk profile influenced by both volatility movements and equity market direction.
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
Government
Mutual fund
Bonds, Cash & Other100.00%
Government69.90%
Mutual fund35.14%
Cash2.49%
Rights & Warrants−7.54%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
VIXI assets under management is 1.64 M USD. It's fallen 17.93% over the last month.
VIXI fund flows account for 2.00 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.
No, VIXI doesn't pay dividends to its holders.
VIXI shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Aug 7, 2025, and its management style is Active.
VIXI expense ratio is 1.52% meaning you'd have to pay 1.52% of your investment to help manage the fund.
VIXI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
VIXI invests in bonds.
VIXI trades at a premium (0.17%) meaning the ETF is trading at a higher price than the calculated NAV.