SOFX ETF: What Is It? A Complete Guide to Returns, Fees, Holdings, and Alternative ETFs
The Defiance Daily Target 2X Long SOFI ETF, which trades under the ticker SOFX, is a single-stock leveraged product that seeks twice the daily percentage change of SoFi (SOFI) shares. Short-term trading outlook and the price action of SOFI are the key variables in any investment decision.
SubscribeWhat Is the Defiance Daily Target 2X Long SOFI ETF?
This is a single-stock leveraged ETF that seeks to amplify the daily percentage change of SOFI shares by a factor of two. It uses swap contracts and resets its target multiple every day.
It suits active traders who want to place short-term bets on the direction of SoFi's share price, and it is not suitable for long-term holding.
It is an actively managed ETF run by Defiance.
How Does the Defiance Daily Target 2X Long SOFI ETF Invest?
| Item | Details |
|---|---|
| Target | 2x the daily percentage change of SOFI Technologies shares |
| Management style | Active (swap-based leverage) |
| Rebalancing frequency | Daily (daily reset) |
| Distribution frequency | Irregular distributions |
| Total expense ratio | 1.33% |
The fund uses derivatives such as swap contracts and listed options, and readjusts its positions every day with the aim of doubling the one-day percentage change in SOFI shares. Because of this structure, cumulative returns over periods longer than a few days can diverge from the target multiple.
- Concentrated leveraged exposure to a single stock (SOFI)
- Daily target structure that resets every day
Defiance Daily Target 2X Long SOFI ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $70.3M, and the total expense ratio is 1.33% per year.
Unlike index and sector leveraged ETFs such as TQQQ and SOXL shown in the table, this product offers leveraged exposure concentrated in a single stock, so the nature of its volatility is different.
Defiance Daily Target 2X Long SOFI ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe fund moves in line with price changes in the underlying stock, SOFI, with swings magnified, and because of its daily reset structure it continues to react sensitively to short-term direction.
Fund flows tend to be volatile, driven by short-term trading demand for fintech growth stocks, and interest tends to concentrate around SOFI-related news and earnings releases.
Defiance Daily Target 2X Long SOFI ETF Pros and Cons
Its strength is that it is an efficient leveraged tool for short-term directional bets, while its weaknesses are volatility decay and its unsuitability for long-term holding.
💪 Key Strengths
⚠️ Points to Watch
Defiance Daily Target 2X Long SOFI ETF Alternative ETFs and Related Products
TQQQ, SOXL, QLD, SSO, and others shown in the table are leveraged ETFs that track entire indexes or sectors, and they are not concentrated in a single stock the way this product is. By contrast, single-stock leveraged ETFs that amplify the daily percentage change of other individual stocks in the same way, such as TSLL, which tracks Tesla, and NVDL, which tracks Nvidia, make useful comparisons. Products with a similar structure that track individual semiconductor stocks, such as MUU, are also worth a look.
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 |
|---|---|---|---|---|---|---|---|
 USLM | United States Lime & Minerals Inc | 0.40% | $111.61 | -2.0% | $3.2B | 23.9 | 0.22% |
 BNO | United States Brent Oil Fund LP | 0.23% | $71.39 | +0.9% | $0.0M | - | - |
 FAF | First American Financial Corp | 0.17% | $63.82 | +0.2% | $6.5B | 9.0 | 3.64% |
Defiance Daily Target 2X Long SOFI ETF Investor Checkpoints
Here are the points to review before investing in SOFX. Because it is a single-stock leveraged structure, its risk profile differs greatly from that of a typical index ETF, so it is important to fully understand how it works before investing.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense ratio | Confirm the relatively high fee level typical of leveraged products | On the high side |
| 📉 Volatility decay | Check for possible divergence in cumulative returns during sideways periods | Structural feature |
| 🎯 Single-stock concentration | Recognize that dependence on the single stock SOFI is absolute | No diversification |
| ⏱ Holding period | Because of the daily reset structure, short-term holding is the rule | For short-term trading |
If SOFI shares plunge, losses can be magnified twofold, and if a sideways period drags on, volatility decay can cause a growing gap from the target multiple. Holding the fund for any purpose other than short-term trading is not recommended.
This is a tool for active traders who want to place short-term bets on the direction of SOFI shares, and it is not suitable for long-term investors. A strategy with a short holding period is recommended.
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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