Share-split context: This ETF has both forward- and reverse-split history. The most recent recorded event was on Sep 9, 2026 with coefficient 3. Current price-return figures are already split-adjusted. Forward splits receive no automatic performance penalty; reverse-split history remains a separate structural warning.

ETF Education Report: OSCX

What this ETF is trying to do

The DEFIANCE DAILY TARGET 2X LONG OSCR ETF (ticker: OSCX) is a type of investment called a leveraged ETF. This means it uses financial tools to try and achieve a goal that is twice (2x) the daily movement of its target.

What the numbers show

The current price of OSCX is $38.55. When looking at how this ETF has performed, it is important to look at different timeframes:

• Year-to-Date (YTD): The price return for this year has been approximately 214.47%. Because the total return data supplied is the same as the price return, the YTD total return is also approximately 214.47%.

• One Year: The one-year price return was approximately -2.84%. The one-year total return was also approximately -2.84%.

Because this ETF has a history of both forward and reverse splits, we use "split-adjusted" returns. This means the math has already been fixed to account for times when shares were split into multiple new shares or combined into fewer shares. This allows us to see the true percentage change in value without being confused by changes in the number of shares.

Income and distribution explanation

Some investors look for ETFs that pay them cash regularly, which is called a "distribution yield." For OSCX, the distribution yield is 0%. No distributions were detected over the last 12 months.

NAV erosion explanation

"NAV erosion" is a term used to describe when the underlying value of an ETF's assets decreases over time. StockValueFinder uses an "erosion-risk score" to measure this risk. OSCX has an erosion score of 94, which is labeled as "Stable / sideways." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.

Pros

• The ETF has shown very high price returns so far this year (approximately 214.47%).

• The erosion-risk measurements suggest the fund is currently stable or sideways rather than showing high risk of value loss.

Cons

• The one-year price return was negative (approximately -2.84%).

• This is a leveraged ETF, which means it can experience large price swings.

• The fund currently provides no cash distributions or income.

Beginner takeaway

OSCX is a leveraged ETF that has seen massive growth this year, but it also saw a slight decline over the full past year. It does not pay out cash to investors. Because it has a history of both forward and reverse splits, always look at the "split-adjusted" percentage returns to understand how the price has actually moved.

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*Disclaimer: This report is for educational purposes only. It does not provide financial advice. We do not recommend buying, selling, or holding this or any other security.*