Defiance Daily Target 2X Long OSCR ETF

Frequently Asked Questions About OSCX

What does OSCX invest in?

This ETF is engineered to deliver daily investment performance that is two times (200%) the daily price fluctuation of Oscar Health, Inc.'s stock. These results are calculated before any fees or expenses are factored in. Crucially, its investment objective applies strictly to a single trading day, and it is not designed to achieve similar leveraged returns for holding periods beyond that.

What is the expense ratio of OSCX?

Defiance Daily Target 2X Long OSCR ETF (OSCX) charges an expense ratio of 1.31%. This is the annual fee deducted from fund assets to cover management and operations.

Is OSCX a good long-term hold?

OSCX 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 OSCX's daily reset work?

OSCX 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 OSCX?

Defiance Daily Target 2X Long OSCR ETF (OSCX) manages $10.5M 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 OSCX actively managed or an index fund?

OSCX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.