What does STSM track?

STSM is the Tidal Trust II - Defiance Daily Target 2X Short TSM ETF, a Other ETF.

What is the expense ratio of STSM?

Expense ratio data for STSM is shown on the page when available from our data provider.

What are the largest holdings in STSM?

Top holdings include Cash & Other, TAIWAN SEMICONDUCTOR SWAP CS, TAIWAN SEMICONDUCTOR SWAP MAREX, TAIWAN SEMICONDUCTOR SWAP CANTOR-S, TAIWAN SEMICONDUCTOR CORP SWAP NM.

How can PortView analyze STSM overlap with other ETFs?

PortView computes the holdings overlap between STSM and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.

Tidal Trust II - Defiance Daily Target 2X Short TSM (STSM) ETF Holdings & Analysis

ETFOther

$31.13-0.37%

1-year price historyRange $25.90 – $126.32

52-week range$31.13

$25.79$132.17

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What STSM does

STSM uses swap agreements to make bearish bets on Taiwan Semiconductor Manufacturing Company Limited's (NYSE: TSM) share price. TSM is a leading global semiconductor manufacturer that produces advanced integrated circuits for technology companies worldwide. The fund maintains a daily leveraged exposure equivalent to -200% of the fund's net assets through daily rebalancing. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected -2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. Additionally, the fund could potentially lose money over time, even if TSM' performance strengthens. The fund is expected to invest in cash-like instruments as collateral.

Fund profile

Top holdings

	Holding	Weight
	Cash & Other	57.79%
	TAIWAN SEMICONDUCTOR SWAP CS	13.72%
	TAIWAN SEMICONDUCTOR SWAP MAREX	10.22%
	TAIWAN SEMICONDUCTOR SWAP CANTOR-S	8.33%
	TAIWAN SEMICONDUCTOR CORP SWAP NM	7.74%
	First American Government Obligations Fund 12/01/2031	2.21%

PortView Portfolio Insights

PortView analyzes how STSM 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 STSM track?: STSM is the Tidal Trust II - Defiance Daily Target 2X Short TSM ETF, a Other ETF.
What is the expense ratio of STSM?: Expense ratio data for STSM is shown on the page when available from our data provider.
What are the largest holdings in STSM?: Top holdings include Cash & Other, TAIWAN SEMICONDUCTOR SWAP CS, TAIWAN SEMICONDUCTOR SWAP MAREX, TAIWAN SEMICONDUCTOR SWAP CANTOR-S, TAIWAN SEMICONDUCTOR CORP SWAP NM.
How can PortView analyze STSM overlap with other ETFs?: PortView computes the holdings overlap between STSM 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.