SPAZ — Defiance 2X Daily Target Short Pure Space Index ETF

Data updated: 2026-07-09

SPAZ — Defiance 2X Daily Target Short Pure Space Index ETF. Leveraged · 1.31% expense ratio. Holdings, fees, performance and SEC filings.

SPAZ Fund Overview

SPAZ — Defiance 2X Daily Target Short Pure Space Index ETF is a US ETF managed by Tidal Trust II, categorised as Leveraged. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

  • Type: US ETF
  • Manager: Tidal Trust II
  • Category: Leveraged
  • Ticker: SPAZ
  • SEC CIK: 0001924868
  • SEC series ID: S000105657
  • Share class ID: C000276441

SPAZ Investment Objective and Strategy

Defiance 2X Daily Target Short Pure Space Index ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Tidal Trust II.

Investment objective

The Fund seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2X) of the daily performance of the BITA US Space Select Index (the “Index”).

Principal investment strategy

The Fund is an actively managed exchange traded fund that attempts to achieve 2 times the inverse (-200%) of the daily percentage change in the performance of the Index by employing derivatives, namely swap agreements and/or listed options contracts. The Fund aims to generate 2 times the inverse of the daily performance of the Index for a single day, and not for any other period. A “single day” is defined as being calculated “from the close of regular trading on one trading day to the close on the next trading day.” The Fund seeks to gain leveraged inverse (-200%) exposure to the daily performance of the Index primarily through swap agreements or listed options strategies (described below). If the Fund encounters limitations in implementing its strategies, whether due to market conditions, derivative availability, counterparty issues, or other factors, the Fund may not achieve investment results, before fees and expenses, that correspond to 2 times the inverse (-2X) the daily performance of the Index, and may return substantially less during such periods.

During such periods, the Fund’s actual leverage levels may differ substantially from its intended target, both intraday and at the close of trading, potentially resulting in significantly lower returns. The Index The Index aims to track the performance of New York Stock Exchange (“NYSE”) and Nasdaq Stock Market LLC (“Nasdaq”) listed U.S. or non-U.S. companies (including those traded on the NYSE or Nasdaq via depositary receipts (e.g., American Depositary Receipts (“ADRs”)) that are primarily engaged in the space economy. Such companies can be characterized as “pure space” companies as they are principally engaged in orbital launch services, satellite manufacturing, next-generation space connectivity and related activities (as described below). The Index is constructed and maintained by BITA GmbH., a provider of public indices utilized by institutional investment managers worldwide.

To be eligible for inclusion in t

SPAZ Costs and Fees

SPAZ costs about $131 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 1.31%
  • Gross expense ratio: 1.31%

SPAZ Debt Constituents

No individual debt constituents are reported in Defiance 2X Daily Target Short Pure Space Index ETF's latest SEC N-PORT filing.

SPAZ Prospectus and SEC Filings

Official Defiance 2X Daily Target Short Pure Space Index ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

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Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.