Share-split context: This ETF has both forward- and reverse-split history. The most recent recorded event was on Mar 19, 2026 with coefficient 0.25. Current price-return figures are already split-adjusted. Forward splits receive no automatic performance penalty; reverse-split history remains a separate structural warning.

Understanding the DEFIANCE DAILY TARGET 2X LONG RGTI ETF (RGTX)

What this ETF is trying to do

The RGTX ETF is a leveraged fund. This means it uses financial tools to try and multiply the daily movements of its target index. It is listed on the NASDAQ exchange.

What the numbers show

The data shows significant price movement for this ETF. Because this fund has a history of both forward and reverse splits, we look at "split-adjusted" returns to understand its performance.

• Year-to-Date (YTD) Price Return: The share price has declined by approximately 83.54%.

• One-Year Price Return: The share price has declined by approximately 97.39%.

• One-Year Total Return: This figure, which includes distributions, is approximately -97.37%.

It is important to note that the "price return" only tracks the change in the share price, while the "total return" includes the impact of distributions.

Income and distribution explanation

This ETF has a distribution yield of approximately 0.83%. The trailing distributions are listed at 0.0662. The frequency of these payments is described as "irregular" or "less frequent," with one payout recorded in the last 12 months. While some investors look for distributions to provide cash, a high yield does not guarantee that the investment's value will stay stable.

NAV erosion explanation

This ETF has a severe erosion-risk flag. This means StockValueFinder's screening rules detected substantial price deterioration. The fund has an erosion score of 10, which is labeled as "Severe price erosion."

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the fund's underlying assets). While a falling market price is a "share-price decline," the severe erosion score and flag serve as measurements of high risk regarding the fund's value stability.

Pros

• The fund provides exposure to a specific target through a leveraged strategy.

• It provides some level of cash distribution, though it is irregular.

Cons

• High Risk: The fund is flagged with a severe erosion-risk warning.

• Significant Price Declines: The fund has seen very large share-price declines over the last year.

• Complex History: The fund has a "mixed" split history, meaning it has undergone both forward splits (where one old share becomes multiple new shares) and reverse splits (where multiple old shares are combined into fewer new shares).

Beginner takeaway

RGTX is a highly complex, leveraged ETF that has experienced very large declines in its share price. Because it has a severe erosion-risk flag and a history of significant price drops, it is important to understand that high volatility can lead to rapid changes in value. Always remember that distributions are not a guarantee of protecting your original investment.