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Defiance Daily Target 2X Long NVO ETF (NVOX)
About this ETF
NVOX uses swap agreements to make bullish bets on NOVO Nordisk A/S - ADR (NVO) share price. NVO designs and manufactures high-performance computer server solutions for data centers and cloud providers. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in NVO's share price through daily rebalancing. As a leveraged product, it is designed for short-term tactical use, not as a long-term investment vehicle. Returns may deviate from the expected 2x if held longer than a single day due to factors like volatility and compounding effects. This strategy is high-risk and does not incorporate a defensive position. NVOX fund could potentially lose value over time, even if NVO's performance is strong. It is…
Price
Top 10 holdings
| NOVO-NORDISK SWAP MS 670100205-TRS-10/06/26-L-NVOX | 52.50% |
| NOVO-NORDISK SWAP NBC-L 670100205-TRS-01/31/33-L-NVOX | 31.34% |
| NOVO-NORDISK A/S-SPONS ADR NOMURA 670100205-TRS-03/31/33-L-NVOX | 26.12% |
| NOVO-NORDISK SWAP CLEARSTREET 670100205-TRS-08/25/26-L | 24.13% |
| NOVO-NORDISK INC SWAP CANTOR 670100205-TRS-09/08/28-L-NVOX | 22.55% |
| NOVO-NORDISK SWAP MAREX 670100205-TRS-09/25/26-L-NVOX | 22.46% |
| NOVO-NORDISK SWAP BMO-L 670100205-TRS-12/31/26-L-NVOX | 20.89% |
| United States Treasury Bill 07/23/2026 912797TP2 | 13.18% |
| First American Government Obligations Fund 12/01/2031 FGXXX | 4.39% |
| Cash & Other | -117.56% |
Sector mix
Price chart
Returns
| 1 month | +29.42% |
| 3 months | +60.32% |
| 6 months | -38.82% |
| Year to date | -23.02% |
| 1 year | -68.61% |
| 3 years (ann.) | — |
| 5 years (ann.) | — |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 103.29% |
| Sharpe (1y) | -0.55 |
| Sharpe (3y) | — |
| Sortino (1y) | -0.64 |
| Max drawdown (1y) | -82.84% |
| Max drawdown (5y) | — |
| Max drawdown (full) | -94.50% |
| Beta vs S&P 500 (1y) | 2.73 |
| Correlation vs S&P 500 (1y) | 0.33 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Cost vs. peers
Comparison universe: 6,948 funds of the same asset class.
Cost impact calculator
Dividend history
Accumulating share class Income is reinvested inside the fund instead of being paid out. (inferred from the absence of distributions)
No distributions on record — accumulating share classes reinvest income instead of paying it out.
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF VTI | 0.03% | 2.30T | 1.05% | +19.93% | 1.48 |
| Vanguard S&P 500 ETF VOO | 0.03% | 1.70T | 1.07% | +19.68% | 1.49 |
| iShares Core S&P 500 ETF IVV | 0.03% | 894.38B | 1.09% | +19.68% | 1.49 |
| State Street SPDR S&P 500 ETF SPY | 0.09% | 789.23B | 1.00% | +19.71% | 1.49 |
| SPDR S&P 500 ETF Trust 1557.T | 0.09% | 789.09B | 0.49% | +37.54% | 2.26 |
| State Street SPDR S&P 500 ETF SPY.AX | 0.09% | 788.13B | 1.00% | +11.84% | 1.13 |
| Vanguard Total International Stock ETF VXUS | 0.05% | 652.30B | 2.61% | +20.58% | 1.21 |
| Invesco QQQ Trust, Series 1 QQQ | 0.18% | 481.14B | 0.43% | +28.14% | 1.43 |
| Vanguard Growth ETF VUG | 0.03% | 393.80B | 0.39% | +16.85% | 0.99 |
| Vanguard FTSE Developed Markets ETF VEA | 0.03% | 317.30B | 2.60% | +21.64% | 1.23 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| State Street SPDR Portfolio S&P 500 ETF SPYM | 0.02% | 159.32B | 0.0% |
| Vanguard Mid-Cap ETF VO | 0.03% | 218.80B | 0.0% |
| Vanguard S&P 500 ETF VOO | 0.03% | 1.70T | 0.0% |
| Vanguard Total Stock Market ETF VTI | 0.03% | 2.30T | 0.0% |
| iShares Core S&P 500 ETF IVV | 0.03% | 894.38B | 0.0% |
