Daily Target 2X Long RIOT ETF

Frequently Asked Questions About RIOX

What does RIOX invest in?

This actively managed Exchange Traded Fund (ETF) strives to generate daily returns equivalent to two hundred percent (200%) of the price movement of its underlying asset. It achieves this leveraged exposure by strategically deploying financial derivatives, including, but not limited to, swap agreements and/or exchange-traded options contracts. Additionally, the fund's investment strategy is non-diversified.

What is the expense ratio of RIOX?

Daily Target 2X Long RIOT ETF (RIOX) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

Is RIOX a good long-term hold?

RIOX 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 RIOX's daily reset work?

RIOX 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 RIOX?

Daily Target 2X Long RIOT ETF (RIOX) manages $20.4M 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 RIOX actively managed or an index fund?

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