DV
Dividend Vision

STSM — Defiance Daily Target 2X Short TSM ETF

Defiance Daily Target 2X Short TSM ETF (STSM)

STSM carries a 1.31% expense ratio. Total return is -71.7% over the past 0.7 years, 126.1 points behind TSM at 54.4%.

Defiance Daily Target 2X Short TSM ETF is a leveraged inverse equity ETF that seeks to deliver twice the daily inverse performance of Taiwan Semiconductor Manufacturing Company (TSM), making it designed for short-term tactical bets against TSM stock rather than long-term dividend income. The fund carries a 1.31% expense ratio and does not distribute dividends, reflecting its nature as a trading instrument rather than an income-generating investment. This ETF appeals primarily to sophisticated traders and hedgers seeking to profit from or protect against near-term declines in TSM, not traditional income-focused or long-term buy-and-hold investors.

STSM key facts

Issuer
Defiance ETFs
Asset type
ETF
Asset class
Equity
Inception date
11/17/2025
Expense ratio
1.31%
Last close
$17.43
AUM
$1,687,945
Average volume
4371.0
Beta
-4.3747