What Is RGTX? Defiance Daily Target 2X Long RGTI ETF
Short answer
RGTX is a leveraged single-stock ETF from Defiance that seeks 2x the DAILY return of Rigetti Computing (RGTI), achieved through swap agreements rather than owning the stock. The 2x target resets every day, so over any period longer than one day the fund's return can differ substantially from twice RGTI's move because of compounding and volatility decay. It is extremely volatile and prone to decay in choppy markets, which makes it a short-term trading tool rather than a long-term holding. Its 1.29% expense ratio is also high compared with standard ETFs.
RGTX is issued by Defiance ETFs and tracks No traditional index. Seeks 2x (200%) the daily price return of Rigetti Computing (RGTI) via swap agreements, reset daily.. It charges a 1.29% expense ratio, holds approximately ~$98 million in assets under management, yields about ~1.6% (variable, from cash collateral; not a goal of the fund), and launched in March 31, 2025.
What is RGTX?
RGTX is a leveraged single-stock ETF from Defiance that seeks 2x the DAILY return of Rigetti Computing (RGTI), achieved through swap agreements rather than owning the stock. The 2x target resets every day, so over any period longer than one day the fund's return can differ substantially from twice RGTI's move because of compounding and volatility decay. It is extremely volatile and prone to decay in choppy markets, which makes it a short-term trading tool rather than a long-term holding. Its 1.29% expense ratio is also high compared with standard ETFs.
RGTX is issued by Defiance ETFs and tracks No traditional index. Seeks 2x (200%) the daily price return of Rigetti Computing (RGTI) via swap agreements, reset daily., so a single ticker gives you the whole basket of underlying holdings weighted by the index's methodology rather than by any active stock-picking.
RGTX holdings: what's actually inside
RGTX is weighted toward its largest constituents. As of early 2026, the top holdings are:
| Rank | Ticker | Company | % of RGTX | |
|---|---|---|---|---|
| 1 | RGTI | Rigetti Computing | ~100% notional via swaps (2x leveraged) |
The remaining holdings make up the balance of the fund, with weights tapering off below the top names. Because the index reconstitutes on a rolling basis, the roster stays current without active management. Each ticker above links to its individual stock guide in Walnut.
Themes RGTX is commonly used to express
ETFs are passive bundles; thematic baskets in Walnut let you concentrate within them. If you hold RGTX as a core position, these are the themes you might layer on as satellites.
The bottom line on RGTX
RGTX gives amplified 2x daily exposure to a single, highly volatile quantum-computing stock and resets that leverage each day. It carries extreme risk, decays in volatile or sideways markets, and is intended only for short-term tactical trading by investors who can monitor it constantly and accept the possibility of large, rapid losses.
More on RGTX
Whether RGTX is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is RGTX a buy?
RGTX yields ~1.6% (variable, from cash collateral; not a goal of the fund) as of early 2026, paid by passing through the dividends of its underlying holdings. For the payout schedule, history, and how the distributions are taxed, see RGTX dividend: yield and schedule.
Build a portfolio around RGTX with Walnut
Use RGTX as your core holding, then let Walnut's AI propose thematic satellites: AI infrastructure, dividend growth, clean energy, whatever you believe in. Connect your broker, build the basket in conversation, track it as one unit.
FAQ
What is RGTX?
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RGTX is the Defiance Daily Target 2X Long RGTI ETF, a leveraged single-stock fund that seeks twice the daily price return of Rigetti Computing (RGTI). It launched on March 31, 2025 and uses swap agreements to deliver its 2x daily exposure.
What is RGTX's expense ratio?
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RGTX has an expense ratio of 1.29%. That is much higher than a typical broad-market index ETF and reflects the cost of running a daily-reset leveraged strategy that relies on swap agreements.
What does RGTX track?
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RGTX does not track a traditional index. It seeks 200% of the daily percentage change of a single stock, Rigetti Computing (RGTI), through total return swaps. The 2x objective applies to one-day returns and resets at the end of each trading day.
Should I hold RGTX long term?
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RGTX is not designed to be held long term. Because the 2x leverage resets daily, returns compound day to day, and in volatile or sideways markets this causes decay that can erode value even if RGTI ends up roughly flat. Over periods longer than a day the fund can deviate sharply from twice RGTI's cumulative return. Walnut is informational, not investment advice.
How does the leverage work?
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RGTX does not buy Rigetti shares outright. Instead it enters total return swap agreements that reference RGTI, sized to give roughly 2x notional exposure. Each day the fund rebalances to reset its leverage back to 2x, so gains and losses are amplified and compound from one day to the next.
Is RGTX a good investment?
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Whether RGTX fits anyone depends on their risk tolerance, time horizon, and trading experience, and Walnut is informational, not investment advice. It is an extremely high-risk, leveraged product tied to one volatile stock, subject to daily-reset decay and large rapid losses, and is built for short-term trading rather than long-term holding.
What is the difference between RGTX and RGTI?
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RGTI is Rigetti Computing, the actual quantum-computing stock. RGTX is a leveraged ETF that seeks 2x the daily move of RGTI using derivatives. Owning RGTX is a leveraged bet on RGTI's short-term price, not direct ownership of the company's shares.
Is there a fund that shorts RGTI instead?
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Yes. Defiance also offers RGTZ, the Daily Target 2X Short RGTI ETF, which seeks negative 200% of RGTI's daily return. Like RGTX it resets daily, carries the same decay and leverage risks, and is meant for short-term tactical trading.
How do I compare RGTX to similar ETFs?
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Put a few fields side by side: the expense ratio (fees compound over decades), the index or strategy it tracks, the top holdings and how much they overlap with what you already own, the dividend yield, and the AUM, liquidity, and bid-ask spread that affect trading costs. For index funds, tracking error (how closely it follows its index) and tax efficiency matter too. RGTX's figures are above; the full method is in Walnut's guide on how to compare ETFs.
Related ETFs
Walnut is informational, not investment advice. Holdings weights and fund statistics on this page are approximations stamped to early 2026; verify current figures against Defiance ETFs's fund page or your broker before investing.