RCAX ETF — Defiance Daily Target 2x Long RCAT ETF

Defiance Daily Target 2x Long RCAT ETF (RCAX)

Updated October 16, 2026.

RCAX is an ETF linked to Red Cat Holdings (RCAT). its expense ratio is 1.30%. Total return is -96.1% over the past 0.7 years, 29.2 points behind RCAT at -66.9%.

Defiance Daily Target 2x Long RCAT ETF is a leveraged equity ETF that seeks daily 2x exposure to Red Cat Holdings, a company operating in information technology and related sectors, using derivatives including swaps and options to amplify returns. The fund carries a 1.30% expense ratio and has a modest asset base. This ETF is designed for tactical traders seeking leveraged exposure to the underlying security rather than buy-and-hold income investors, and involves substantially higher risk than unlevered investments.

RCAX performance versus RCAT

Price and return data through 2026-10-16.

Total return is -96.1% over the past 0.7 years, 29.2 points behind RCAT at -66.9%.

RCAX key facts

Issuer

Defiance ETFs

Asset type

ETF

Asset class

Equity

Inception date

02/02/2026

Expense ratio

1.30%

Distribution frequency

None

Last close

$4.28 (as of 2026-10-16)

AUM

$4,663,184

Average volume

358780.0

Beta

7.347

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Defiance ETFs or company page; Index: Red Cat Holdings (RCAT); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

RCAX risks and drawbacks

Total return has trailed RCAT over the available window.

Who may consider RCAX — and who may not

It is a weaker fit for investors who need monthly cash flow (RCAX does not currently distribute); investors whose main goal is matching RCAT total return. This is educational context, not a recommendation to buy or sell.

More on RCAX

• All tickers starting with R

Tagged: Leverage.

Frequently asked questions

More securities from Defiance ETFs.