- What does ANEL invest in?
- This Fund aims to deliver daily returns that, prior to accounting for fees and expenses, are double (200%) the daily percentage movement in Arista Networks, Inc.'s share price. It's critical to understand that this investment objective is designed exclusively for a single trading day and is not intended to apply to periods longer than one day.
- What is the expense ratio of ANEL?
- Defiance Daily Target 2X Long ANET ETF (ANEL) charges an expense ratio of 1.31%. This is the annual fee deducted from fund assets to cover management and operations.
- Is ANEL a good long-term hold?
- ANEL is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
- How does ANEL's daily reset work?
- ANEL rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
- How big is ANEL?
- Defiance Daily Target 2X Long ANET ETF (ANEL) manages $11.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is ANEL actively managed or an index fund?
- ANEL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
