NVOX Defiance Daily Target 2X Long NVO ETF
Quote as of Oct 09, 2026 20:00 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 9.49 | Day Range | 9.47 – 9.73 |
| 52-Week Range | 8.87 – 33.81 | Volume | 445.86K |
| Avg Volume | 455.18K | AUM | $41.3M (Oct 10, 2026) |
| Expense Ratio | 1.31% | Yield (TTM) | — |
| NAV | 9.51 | Premium/Discount | +2.00% indicative |
| Inception | Dec 02, 2024 | Holdings | 10 |
| Issuer | Defiance | Exchange | AMEX |
| Category | Healthcare | Index Tracked | Not stated in source data |
| CUSIP | 88636W288 | ISIN | US88636W2888 |
| Structure | Leveraged 2x Inverse | ||
| Management | Not stated in source data | ||
About this ETF
NVOX uses swap agreements to make bullish bets on NOVO Nordisk A/S - ADR (NVO) share price. NVO designs and manufactures high-performance computer server solutions for data centers and cloud providers. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in NVO's share price through daily rebalancing. As a leveraged product, it is designed for short-term tactical use, not as a long-term investment vehicle. Returns may deviate from the expected 2x if held longer than a single day due to factors like volatility and compounding effects. This strategy is high-risk and does not incorporate a defensive position. NVOX fund could potentially lose value over time, even if NVO's performance is strong. It is expected to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.
Description from the fund data provider · profile as of Oct 10, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -27.07% | -42.97% | -7.71% | -55.69% | -68.99% | — | — | — | -78.16% |
| Total return | -27.07% | -42.97% | -7.71% | -55.69% | -68.99% | — | — | — | -78.16% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 09, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 1.31% | Annual cost of a $10,000 investment | $131.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Oct 10, 2026 · portfolio reporting date from the data provider; holdings are not live positions. 10 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | United States Treasury Bill 11/19/2026 | — | 63.76% | 26.50M | $26.4M |
| 2 | NOVO-NORDISK SWAP MS | — | 43.17% | 462.50K | $17.9M |
| 3 | NOVO-NORDISK SWAP CLEARSTREET | — | 30.77% | 329.60K | $12.7M |
| 4 | NOVO-NORDISK INC SWAP CANTOR | — | 30.67% | 328.56K | $12.7M |
| 5 | NOVO-NORDISK SWAP MAREX | — | 29.78% | 318.98K | $12.3M |
| 6 | NOVO-NORDISK A/S-SPONS ADR NOMURA | — | 26.44% | 283.25K | $10.9M |
| 7 | NOVO-NORDISK SWAP NBC-L | — | 25.03% | 268.11K | $10.4M |
| 8 | NOVO-NORDISK SWAP BMO-L | — | 14.14% | 151.50K | $5.9M |
| 9 | First American Government Obligations Fund… | — | 8.15% | 3.37M | $3.4M |
| 10 | Cash & Other | — | -171.90% | -71.16M | -$71.2M |
Click a ticker to see every ETF that owns it.
Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | — | Paid (last 12 months) | — |
| Frequency | — | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | — | Last payment | — |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
No distributions in our database for this fund; it may not pay them, or history has not loaded yet.
Risk Statistics
| Volatility 1Y / 3Y | 91.66% / — | Sharpe 1Y / 3Y | -0.58 / — |
| Max drawdown 1Y / 3Y | -72.90% / — | Sortino 1Y | -0.766 |
| Beta vs S&P 500 (3Y) | 1.67 | Correlation vs S&P 500 (1Y) | 0.26 |
| Downside deviation 1Y | 69.44% | Risk-free rate used | 4.05% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 11, 2026. Formulas →
Liquidity
| Volume today | 445.86K | Average volume | 455.18K |
| AUM | $41.3M | Premium/Discount | +2.00% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | -$574.8K | -1.37% | $41.8M → $41.3M |
| 1 Month | $14.0M | +40.23% | $34.8M → $41.3M |
| 1 Week | $3.4M | +9.55% | $35.5M → $41.3M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for NVOX
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.