RIOX, the Defiance Daily Target 2X Long RIOT ETF, is a $14 million ETF whose main story is onchain infrastructure. Over the past year it returned −65.7%, against +16.8% for broad US ETFs. Figures to October 2, 2026; past performance, not a recommendation.
The narrative it carries
This is its only narrative.
Onchain infrastructure →
Network tokens such as Solana, and the blockchain companies building payment and trading systems on them.
The band is where this narrative’s level sits among the 22 this week. QUIET means less talked about, not falling.
| # | ETF | SHARE | ASSETS | 1 YEAR | COST |
|---|---|---|---|---|---|
| 1 | BSOL | 20.6% | $1.33bn | – | – |
| 2 | ETH | 16.6% | $2.51bn | −39.8% | 0.15% |
| 3 | ETHE | 12.9% | $1.95bn | −41.3% | 2.50% |
| 4 | ETHB | 7.8% | $1.18bn | – | 0.25% |
| 5 | FSOL | 5.3% | $239.3m | – | – |
| 42 other ETFs | 36.8% |
Share is each ETF’s slice of the capital carrying this narrative. 1 year is market price total return; cost is the expense ratio. See all 47 ETFs on the narrative page →
FRI OCT 2MARKET PRICE TOTAL RETURN
| 1M | 3M | YTD | 1Y | 3Y* | 5Y* | |
|---|---|---|---|---|---|---|
| RIOX | +3.7% | −41.1% | +4.0% | −65.7% | – | – |
| Onchain infrastructureits narrative | +15.1% | +49.2% | +0.3% | −37.2% | +33.2% | +1.3% |
| The marketbroad US ETFs | +0.8% | +2.6% | +14.6% | +16.8% | +22.9% | +12.9% |
1M, 3M, 1Y, 3Y, 5Y: one month to five years. YTD: year to date. * A year, annualised. A dash means the ETF has not traded for the whole period. Since it started trading on January 3, 2025: −38.3% a year.
$10,000 invested January 31, 2025
Total return on the market price, with each distribution reinvested on its ex-date. Not the NAV return the issuer publishes; the two differ when the ETF trades above or below the value of its holdings. The narrative is the asset-weighted return of the unlevered ETFs that carry it. The market is the asset-weighted return of broad US index ETFs. Past performance is no guarantee of future results.
FRI OCT 2MARKET PRICE TOTAL RETURN
How closely it moves
RIOX moves partly with the market. When the market has moved 1%, RIOX has tended to move 4.97%.
RIOX moves partly with onchain infrastructure. When onchain infrastructure has moved 1%, RIOX has tended to move 1.27%.
Weekly returns over 90 weeks. The narrative is measured without RIOX in it, so it is not compared with itself.
ETFs it moves most and least like
Correlation of weekly returns over the last 3 years, among unlevered ETFs StoryVector covers.
Where it sits in Onchain infrastructure
Each dot is one of 5 unlevered ETFs whose main narrative is onchain infrastructure, placed by its return (up) and how much it swung (right) over the last year. RIOX is levered or inverse, so it is shown against them but not counted among them.
Risk
How it is built
Seeks 2x the daily return of its exposure. It carries the narrative but does not count toward Share of Narrative, because only unlevered long exposure does.
Narrative exposure
Common questions
What story is RIOX selling?
RIOX’s main story is onchain infrastructure, which covers network tokens such as Solana, and the blockchain companies building payment and trading systems on them.
Which ETFs compete with RIOX?
The ETFs whose weekly returns move most like RIOX’s over the past 3 years are WGMI (0.87), BKCH (0.87) and DAPP (0.84).
How has RIOX performed against its story?
Over the past year RIOX returned −65.7%, the ETFs carrying onchain infrastructure −37.2% and broad US ETFs +16.8%, to October 2, 2026. Its weekly returns have a correlation of 0.46 with the story. Past performance only.
Run an ETF in onchain infrastructure? StoryVector shows issuers where their ETFs stand against the closest rivals, every week.
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