Key stats
About Defiance Daily Target 2X Long JPM ETF
Home page
Inception date
Jul 24, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
JPX uses swap agreements and short-dated listed call options to make bullish bets on the share price of JPMorgan Chase & Co. (NYSE: JPM). JPM is a financial holding company based in the US, with operations worldwide. Its businesses include investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in JPM 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 for longer than a single day due to factors such as volatility and compounding effects. This strategy is high-risk and does not incorporate a defensive position. JPX is expected to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Mutual fund
Stocks3.28%
Finance3.28%
Bonds, Cash & Other96.72%
Cash49.70%
Mutual fund47.02%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
JPX assets under management is 993.43 K USD. It's fallen 0.66% over the last month.
JPX fund flows account for 999.98 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, JPX doesn't pay dividends to its holders.
JPX shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Jul 24, 2025, and its management style is Active.
JPX expense ratio is 1.31% meaning you'd have to pay 1.31% of your investment to help manage the fund.
JPX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
JPX invests in cash.
JPX trades at a premium (0.16%) meaning the ETF is trading at a higher price than the calculated NAV.