- What does XPM invest in?
- Tidal Trust II - Defiance Daily Target 2x Long PM ETF is an exchange traded fund launched and managed by Tidal Investments LLC. It invests in public equity and fixed income markets. For its equity portion, the fund invests through derivatives in stocks of companies operating across consumer discretionary, consumer discretionary distribution and retail, distributors, non-durable goods distribution, alcoholic beverage and tobacco distribution, tobacco distribution, consumer staples, food, beverage and tobacco, tobacco, cigarettes and nicotine sectors. The fund uses derivatives such as options and swaps to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, the fund invests directly and through other funds in U.S. Government securities, short term bond and corporate debt securities. Tidal Trust II - Defiance Daily Target 2x Long PM ETF was formed on September 3, 2025 and is domiciled in the United States.
- What is the expense ratio of XPM?
- Daily Target 2X Long MP ETF (XPM) charges an expense ratio of 1.31%. This is the annual fee deducted from fund assets to cover management and operations.
- Is XPM a good long-term hold?
- XPM 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 XPM's daily reset work?
- XPM 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 XPM?
- Daily Target 2X Long MP ETF (XPM) manages $540,000 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 XPM actively managed or an index fund?
- XPM's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
