Defiance ETFs LLCInverse EquityMUZ · NYSE Arca

Defiance Daily Target 2X Short MU ETF (MUZ)

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Price: $9.11; —12 Nov 2026
Assets: $8.9M; Total net assets
Expense ratio: 1.31%; Category 0.00%
Yield: —; Trailing distributions

1Y return: —; Category -29.0%
3Y CAGR: —; Category -35.8%
5Y CAGR: —; Category -23.7%

$9.11—12 Nov 2026

Fund

Assets: $8.9M
Expense: 1.31%
Categ. exp: 0.00%
Yield: —

ReturnFundCateg.

1Y—-29.0%

3Y—-35.8%

5Y—-23.7%

Launch-56.2%—

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Defiance Daily Target 2X Short MU ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+9.5%	-7.1%	—	—	—	—	—	—	-56.2%
Inverse Equity average	11.5%	8.2%	-9.1%	-31.0%	-29.0%	-35.8%	-23.7%	-29.3%	-37.1%
Difference	-1.9%	-15.4%	—	—	—	—	—	—	-19.1%

Holdings

The 1 largest positions make up 9.9% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
FGXXX	First American Government Obligs X	9.91%

Credit quality

Share of the bonds by rating.

US government5.8%

Asset mix

Cash203.5%
Other96.5%

ETF details

Issuer: Defiance ETFs LLC
Category: Equity · Inverse Equity
Ticker: MUZ
Exchange: NYSE Arca
Inception: 8 Jun 2026 (0.4 years)
Structure: Exchange Traded Fund
Expense ratio: 1.31% (category 0.00%)
Holdings turnover: 0%
Distribution yield: —
Beta, 3 years: 0.00
Total net assets: $8.9M

Prices and returns as of 12 Nov 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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