See what your fund actually adds
Defiance Daily Target 2X Long UMAC ETF UMAL
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | UMAL | Replication |
|---|---|---|
| Annualized growth | -94.7% | -32.3% |
| Annualized volatility | 215.8% | 44.7% |
| Sharpe ratio | -0.34 | -0.66 |
| Maximum drawdown | 69.4% | 14.4% |
| Replication fit (R²) | 0.16 · Tracking error 198.3% | |
Replication portfolio
The published portfolio below is the investable basket used to model UMAL’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| SLV | Alternatives · Silver | 100.0% |