Defiance Daily Target 2X Long SOUN ETF (SOUX) Performance
SOUX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −90.3% since Dec 31, 2025
- 1 year
- −97.6% total return
- Since first price
- −94.2% since 2025
SOUX trailing returns vs SPY, QQQ, AGG
| Period | SOUX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −49.4% | −49.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −59.0% | −59.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −79.0% | −79.0% | +7.8% | +8.4% | −1.5% |
| YTD | −90.3% | −90.3% | +12.3% | +15.1% | −1.0% |
| 1 year | −97.6% | −98.0% | +14.4% | +15.9% | −1.1% |
| Since inceptionJun 24, 2025 | −94.2% | −95.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SOUX vs SPY
From Jun 24, 2025: SOUX grew to $584, SPY to $12,695.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SOUX returns by calendar year
2026 is year to date.
SOUX annual returns table
| Year | SOUX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −90.3% | −92.9% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SOUX largest drawdowns
Now 98.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 15, 2025 | −98.3% | Oct 23, 2026 | not yet | 1.0 years | 1.0 years so far |
| Aug 14, 2025 | −49.6% | Aug 27, 2025 | Sep 22, 2025 | 13 days | 39 days |
| Jul 9, 2025 | −41.2% | Aug 1, 2025 | Aug 11, 2025 | 23 days | 33 days |
| Sep 23, 2025 | −25.5% | Sep 29, 2025 | Oct 8, 2025 | 6 days | 15 days |
| Oct 8, 2025 | −17.2% | Oct 10, 2025 | Oct 13, 2025 | 2 days | 5 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SOUX risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −84.4% |
| Volatility (annualized) | 116.9% |
| Sharpe ratio | -0.88 |
| Sortino ratio | -1.06 |
| Best month | +43.4% |
| Worst month | −57.4% |
| Best 12 months | −86.3% |
| Worst 12 months | −94.4% |
| Positive months | 40% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SOUX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 5 | −97.4% | −88.0% | −86.3% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
SOUX performance overview
Defiance Daily Target 2X Long SOUN ETF (SOUX) returned −97.6% over the past year, with distributions reinvested. Since its first recorded price on Jun 24, 2025 it has returned −94.2%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −98.3%, from Oct 15, 2025 to Oct 23, 2026; the fund has not yet regained that high. Volatility has been 116.9% a year.
Related: SOUX chart, SOUX dividends. See the SOUX overview for the latest quote and fund facts.
SOUX performance FAQ
What is the SOUX return over the past year?
SOUX returned −97.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 98.0%.
How much would $10,000 invested in SOUX be worth?
$10,000 invested in SOUX at its first recorded close on June 24, 2025 would be worth about $584 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of SOUX?
The largest peak-to-trough decline was −98.3% between October 15, 2025 and October 23, 2026. It has not yet recovered to that high; it is 98.3% below its peak.
How volatile is SOUX?
Over the past history SOUX had an annualized volatility of 116.9% and a Sharpe ratio of -0.88 (excess return over 1–3 month T-bills per unit of risk).