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Defiance Daily Target 2X Long NVO (NVOX) ETF Holdings & Analysis
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What NVOX does
NVOX uses swap agreements to make bullish bets on NOVO Nordisk A/S - ADR (NVO) share price. NVO designs and manufactures high-performance computer server solutions for data centers and cloud providers. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in NVO's share price through daily rebalancing. As a leveraged product, it is designed for short-term tactical use, not as a long-term investment vehicle. Returns may deviate from the expected 2x if held longer than a single day due to factors like volatility and compounding effects. This strategy is high-risk and does not incorporate a defensive position. NVOX fund could potentially lose value over time, even if NVO's performance is strong. It is expected to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| Cash & Other | 39.24% | |
| United States Treasury Bill 11/19/2026 | 17.40% | |
| NOVO-NORDISK SWAP MS | 10.07% | |
| NOVO-NORDISK A/S-SPONS ADR NOMURA | 6.59% | |
| NOVO-NORDISK SWAP CLEARSTREET | 6.45% | |
| NOVO-NORDISK SWAP NBC-L | 6.17% | |
| NOVO-NORDISK SWAP MAREX | 5.84% | |
| NOVO-NORDISK INC SWAP CANTOR | 4.68% | |
| NOVO-NORDISK SWAP BMO-L | 3.26% | |
| First American Government Obligations Fund 12/01/2031 | 0.32% |
Sector allocation
| Healthcare | 100.00% |
Geographic allocation
| United States | 75.59% |
| Other | 24.41% |
PortView Portfolio Insights
PortView analyzes how NVOX fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
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Frequently asked questions
- What does NVOX track?
- NVOX is the Defiance Daily Target 2X Long NVO ETF, a Other ETF.
- What is the expense ratio of NVOX?
- Expense ratio data for NVOX is shown on the page when available from our data provider.
- What are the largest holdings in NVOX?
- Top holdings include Cash & Other, United States Treasury Bill 11/19/2026, NOVO-NORDISK SWAP MS, NOVO-NORDISK A/S-SPONS ADR NOMURA, NOVO-NORDISK SWAP CLEARSTREET.
- How can PortView analyze NVOX overlap with other ETFs?
- PortView computes the holdings overlap between NVOX and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.