STXL carries this narrative but holds no Share of Narrative, because only unlevered long exposure counts.
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 396 ETFs on the narrative page →
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 April 23, 2026: +47.7%.
$10,000 invested April 30, 2026
STXL $11,333The AI compute core $12,423The market $10,739
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
STXL has traded for less than a year, so how it moves against the market is not shown yet.
Where it sits in The AI compute core
Each dot is one of 77 unlevered ETFs whose main narrative is the AI compute core, placed by its return (up) and how much it swung (right) over the last year.
Risk
153.7%Volatility, last year
−59.9%Largest fall, last year
−52.9%Below its high now
$7.0mTraded each day, 3-month average
$20.1mAssets
Issued by Defiance · launched April 23, 2026
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.
Leverage2xAims for 2 times the daily move, reset each day
STXL’s main story is the AI compute core, which covers the chips, memory and data centers AI runs on, and the big technology companies that build and buy them.
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Narrative figures are from the weekly board. Performance is market price total return as of October 2, 2026. Assets are StoryVector’s weekly figure. Classification and measurement. Not investment advice. How the measurement works →