STSM Tidal Trust II - Defiance Daily Target 2X Short TSM ETF
Quote as of Oct 26, 2026 16:58 UTC · Quotes are refreshed hourly from the data provider, so during market hours a price can be up to about 1–2 hours old; each quote shows its own timestamp.
| Previous Close | 34.26 | Day Range | 32.90 – 33.10 |
| 52-Week Range | 25.79 – 132.17 | Volume | 1.68K |
| Avg Volume | 8.62K | AUM | $1.3M (Oct 26, 2026) |
| Expense Ratio | 1.31% | Yield (TTM) | — |
| NAV | 34.16 | Premium/Discount | -3.45% indicative |
| Inception | Nov 17, 2025 | Holdings | 6 |
| Issuer | Defiance | Exchange | AMEX |
| Category | Leveraged | Index Tracked | Not stated in source data |
| CUSIP | 88636Y557 | ISIN | US88636Y5574 |
| Structure | Leveraged -2x Inverse | ||
| Management | Not stated in source data | ||
About this ETF
STSM uses swap agreements to make bearish bets on Taiwan Semiconductor Manufacturing Company Limited's (NYSE: TSM) share price. TSM is a leading global semiconductor manufacturer that produces advanced integrated circuits for technology companies worldwide. The fund maintains a daily leveraged exposure equivalent to -200% of the fund's net assets through daily rebalancing. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected -2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. Additionally, the fund could potentially lose money over time, even if TSM' performance strengthens. The fund is expected to invest in cash-like instruments as collateral.
Description from the fund data provider · profile as of Oct 26, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Tiingo (this fund's daily price history; the history from Financial Modeling Prep was found to be wrong; Data Sources). Live quote: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +11.26% | -14.89% | -29.17% | -65.79% | — | — | — | — | -72.15% |
| Total return | +11.26% | -14.89% | -29.17% | -65.79% | — | — | — | — | -72.15% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 23, 2026. Calculated by ETF Explorer from Tiingo daily prices. 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 list retrieved Oct 24, 2026 · The data provider's latest disclosed portfolio for this fund. Issuers publish holdings daily or monthly, so the portfolio date can be earlier; holdings are not live positions. 6 holdings stored.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | Cash & Other | — | 291.95% | 3.82M | $3.8M |
| 2 | First American Government Obligations Fund… | — | 7.98% | 104.52K | $104.5K |
| 3 | TAIWAN SEMICONDUCTOR CORP SWAP NM | — | -33.89% | -1.06K | -$443.6K |
| 4 | TAIWAN SEMICONDUCTOR SWAP CANTOR-S | — | -52.43% | -1.64K | -$686.4K |
| 5 | TAIWAN SEMICONDUCTOR SWAP CS | — | -52.88% | -1.65K | -$692.2K |
| 6 | TAIWAN SEMICONDUCTOR SWAP MAREX | — | -60.74% | -1.90K | -$795.2K |
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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 | 79.47% / — | Sharpe 1Y / 3Y | -0.993 / — |
| Max drawdown 1Y / 3Y | -79.50% / — | Sortino 1Y | -1.32 |
| Beta vs S&P 500 (3Y) | -1.99 | Correlation vs S&P 500 (1Y) | -0.751 |
| Downside deviation 1Y | 59.85% | Risk-free rate used | 4.04% (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 26, 2026. Formulas →
Liquidity
| Volume today | 1.68K | Average volume | 8.62K |
| AUM | $1.3M | Premium/Discount | -3.45% |
| 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 Week | -$53.2K | -3.91% | $1.4M → $1.3M |
| 1 Month | $337.9K | +39.55% | $854.2K → $1.3M |
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 STSM
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.