Is RGTX a Buy? What to Consider in 2026

RGTX is the Defiance Daily Target 2X Long RGTI ETF, a leveraged single-stock fund launched on March 31, 2025. It seeks daily investment results, before fees and expenses, equal to 200% of the daily percentage change of Rigetti Computing, Inc. (RGTI), a full-stack quantum-computing company. The fund obtains its amplified exposure through derivatives, primarily total return swap agreements referencing RGTI, rather than by holding the shares directly. Because the leverage objective resets every day, RGTX is designed for sophisticated, active traders who monitor positions closely and understand the math of daily compounding. Over holding periods longer than a single day, returns can diverge sharply from 2x the underlying's cumulative move due to volatility decay and path dependency. The expense ratio is 1.29%, well above a plain index ETF, reflecting the cost of the leveraged structure. Assets under management are roughly $98 million as of early 2026.

Largest holdings (approximate as of early 2026; verify on Defiance ETFs's fund page):

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.

In its favour: it gives you No traditional index. Seeks 2x (200%) the daily price return of Rigetti Computing (RGTI) via swap agreements, reset daily. exposure in one ticker at a 1.29% expense ratio, which is simple to hold and cheap to own.

• Cost vs alternatives: 1.29% is the fee; compare it to funds tracking a similar index.
• Concentration: check how much of RGTX sits in its largest holdings (RGTI).
• Overlap: if you already own a broad-market fund, you may already hold much of this.
• Tracking scope: RGTX only gives you No traditional index. Seeks 2x (200%) the daily price return of Rigetti Computing (RGTI) via swap agreements, reset daily.; it will not capture what sits outside that index.

The useful question is rarely “will RGTX go up?” It is “does this exposure fit my plan, at a cost I am happy with, without doubling up on what I already own?” Walnut connects your real brokerage so you can see exactly how RGTX would overlap with your current holdings, analyze it by chatting through Claude or ChatGPT, and place any trade yourself. You stay in control.

The bottom line: RGTX is a low-cost core building block for No traditional index. Seeks 2x (200%) the daily price return of Rigetti Computing (RGTI) via swap agreements, reset daily. exposure, not a tactical bet on a single name. If you want No traditional index. Seeks 2x (200%) the daily price return of Rigetti Computing (RGTI) via swap agreements, reset daily. exposure and the 1.29% fee is competitive for you, it does its job well. If you already own that exposure through another fund, adding it mostly doubles a fee without adding diversification. Decide from your goal and your existing holdings, not from where the market sat last week. Walnut is not an investment adviser.