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 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%.

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

418277.0

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

• All tickers starting with R

Tagged: Leverage, Short.

Frequently asked questions

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