VELL ETF — Defiance Daily Target 2X Long VELO ETF

Defiance Daily Target 2X Long VELO ETF (VELL)

Updated October 16, 2026.

VELL is an ETF linked to Velo3D (VELO). its expense ratio is 1.31%. Total return is -92.6% over the past 0.4 years, 35.5 points behind VELO at -57.1%.

Defiance Daily Target 2X Long VELO is an actively managed ETF that uses derivatives—swap agreements and listed options—to seek twice the daily percentage change in the share price of Velo3D, a 3D printing company. The fund carries a 1.31% expense ratio, does not make regular distributions, and holds a small asset base. It is a non-diversified, leveraged fund designed for investors seeking amplified short-term exposure to Velo3D's stock price movements.

VELL performance versus VELO

Price and return data through 2026-10-16.

Total return is -92.6% over the past 0.4 years, 35.5 points behind VELO at -57.1%.

VELL key facts

Issuer

Defiance ETFs

Asset type

ETF

Asset class

Equity

Expense ratio

1.31%

Distribution frequency

None

Last close

$1.00 (as of 2026-10-16)

AUM

$934,755

Average volume

41700.0

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: Velo3D (VELO); 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.

VELL risks and drawbacks

Total return has trailed VELO over the available window.

Who may consider VELL — and who may not

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

More on VELL

• All tickers starting with V

Tagged: Leverage.

Frequently asked questions

More securities from Defiance ETFs.