HIMZ ETF: What Is It? A Complete Guide to Returns, Expense Ratio, Holdings and Alternative ETFs
The Defiance Daily Target 2X Long HIMS ETF (HIMZ) is a leveraged product that seeks twice the daily percentage move of the healthcare-related stock HIMS. Traders sensitive to short-term directional bets often review it alongside their market outlook.
SubscribeWhat Is the Defiance Daily Target 2X Long HIMS ETF?
It is a leveraged ETF that uses swap contracts and is rebalanced every day, aiming for twice the daily percentage change of the single stock HIMS.
It suits short-term traders who are confident in the near-term direction of HIMS and who understand the daily rebalancing structure.
It is an actively managed ETF run by Defiance.
How Does the Defiance Daily Target 2X Long HIMS ETF Invest?
| Item | Details |
|---|---|
| Target | 2x the daily percentage change of HIMS stock |
| Management style | Active (swap and option-based leverage) |
| Rebalancing frequency | Daily |
| Dividend frequency | Irregular |
| Expense ratio | 1.33% |
The fund combines swap contracts with listed options and aims for twice the daily percentage change of HIMS stock. Because positions are readjusted every day, the target multiple holds only on a daily basis, and actual returns can diverge from it when held over multiple days.
- Leveraged exposure dedicated to the single stock HIMS
- Swap-based structure with daily rebalancing
Defiance Daily Target 2X Long HIMS ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $61.6M, and the expense ratio is 1.33% per year.
Unlike index-tracking leveraged ETFs in the same category such as TQQQ, SOXL and QLD, this product uses a single stock rather than an index as its underlying asset, so its volatility exposure works differently.
Defiance Daily Target 2X Long HIMS ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe fund moves in step with the price of its underlying asset, HIMS, with swings amplified. Given the leveraged structure, the gap in returns tends to widen when the trend is clearly directional.
As a single-stock leveraged product, it sees large fund inflows and outflows depending on trader demand, and trading tends to concentrate around news events related to the underlying stock.
Defiance Daily Target 2X Long HIMS ETF Pros and Cons
It is an efficient vehicle for short-term directional bets on HIMS, but because of the daily rebalancing structure, holding it for the long term carries a significant risk of divergence from compounding.
💪 Key Strengths
⚠️ Points to Watch
Defiance Daily Target 2X Long HIMS ETF Alternative ETFs and Related Products
TQQQ, SOXL, QLD, MUU and SSO shown in the table are all leveraged ETFs that use an index or sector as the underlying asset, which differs from this product in that they bet on a diversified target rather than an individual stock. Products that likewise use a single stock as the underlying asset include TSLL, the 2x leveraged Tesla fund, NVDL, the 2x leveraged Nvidia fund, and CONL, the 2x leveraged Coinbase fund. For those who prefer to invest directly in the underlying asset without leverage, the original stock, HIMS itself, is also an option.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 TQQQ | ProShares UltraPro QQQ 3x Shares | $62.01 | -10.5% | $35.8B | 0.78% | 0.78% | +7.8% |
 SOXL | Direxion Daily Semiconductor Bull 3X ETF | $77.05 | -24.8% | $24.4B | 0.75% | 0.12% | +62.6% |
 QLD | ProShares Ultra QQQ 2x Shares | $82.59 | -6.9% | $14.2B | 0.89% | 0.15% | +11.6% |
 SSO | ProShares Ultra S&P500 2x Shares | $67.67 | -3.6% | $8.8B | 0.84% | 0.7% | +16.6% |
 SPXL | Direxion Daily S&P 500 Bull 3X ETF | $270.35 | -5.4% | $7.1B | 0.84% | 0.54% | +21.6% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 BNO | United States Brent Oil Fund LP | 0.14% | $71.39 | +0.9% | $0.0M | - | - |
 USLM | United States Lime & Minerals Inc | 0.12% | $111.61 | -2.0% | $3.2B | 23.9 | 0.22% |
 FAF | First American Financial Corp | 0.12% | $63.82 | +0.2% | $6.5B | 9.0 | 3.64% |
Defiance Daily Target 2X Long HIMS ETF Investor Checkpoints
Here are the points to review before investing in HIMZ. It is advisable to approach it only after thoroughly understanding its daily rebalanced leverage structure and single-stock concentration.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense ratio | Check the fee burden, which is typical of leveraged ETFs | Annual fee applies |
| 🔁 Rebalancing structure | Understand compounding divergence from daily rebalancing | Daily rebalancing maintained |
| 📊 Underlying asset concentration | Confirm exposure to the risk of the single stock HIMS | No diversification |
| ⏱ Holding period | Check whether it fits a short-term trading purpose | Short-term holding recommended |
Because of the daily rebalancing structure, cumulative returns over several days can differ from a simple 2x of the underlying asset, and losses can widen when the HIMS share price drops sharply.
This is a tool for traders confident in the short-term direction of HIMS. Because of the daily rebalancing structure, it is judged unsuitable for long-term holding or diversified investing.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of July 2, 2026.
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