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RKLZ ETF — Defiance Daily Target 2x Short RKLB ETF
Defiance Daily Target 2x Short RKLB ETF (RKLZ)
Updated October 16, 2026.
RKLZ is an ETF linked to Rocket Lab USA (RKLB). its expense ratio is 1.29%. Total return is -96.8% over the past 0.9 years, 115.6 points behind RKLB at 18.8%.
Defiance Daily Target 2x Short RKLB ETF is an actively managed fund that seeks to deliver twice the inverse daily performance of Rocket Lab USA through derivatives including swap agreements and options contracts. The fund is non-diversified and carries an expense ratio of 1.29%. This leveraged inverse ETF is designed for tactical traders seeking short-term bearish exposure to Rocket Lab rather than long-term buy-and-hold investors.
RKLZ holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: RKLB (physical holdings below may be collateral and options, not the reference asset itself).
RKLZ performance versus RKLB
Price and return data through 2026-10-16.
Total return is -96.8% over the past 0.9 years, 115.6 points behind RKLB at 18.8%. Its deepest 1-year drawdown was 99.1%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 32.5% | — |
| 3M | 4.0% | — |
| 6M | -59.3% | — |
| YTD | -87.1% | — |
| Since inception (0.9 years) | -96.8% | — |
RKLZ key facts
- Issuer
- Defiance ETFs
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 11/17/2025
- Expense ratio
- 1.29%
- Distribution frequency
- None
- Last close
- $26.56 (as of 2026-10-16)
- AUM
- $1,215,115
- Average volume
- 418900.0
- Beta
- -7.747
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: Rocket Lab USA (RKLB); 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.
RKLZ risks and drawbacks
Total return has trailed RKLB over the available window. The deepest 1-year drawdown on record here is 99.1%.
Who may consider RKLZ — and who may not
It is a weaker fit for investors who need monthly cash flow (RKLZ does not currently distribute); investors whose main goal is matching RKLB total return. This is educational context, not a recommendation to buy or sell.
More on RKLZ
Frequently asked questions
Does RKLZ pay monthly?
No. RKLZ does not currently distribute.
What is RKLZ linked to?
RKLZ is linked to Rocket Lab USA (RKLB), not a broad market index.
What is RKLZ's expense ratio?
RKLZ's expense ratio is 1.29%.
When does RKLZ pay a dividend?
RKLZ does not currently distribute.
How has RKLZ performed?
Total return is -96.8% over the past 0.9 years, 115.6 points behind RKLB at 18.8%. Its deepest 1-year drawdown was 99.1%.
More securities from Defiance ETFs.
Tickers
Holdings as-of date unavailable.
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