Defiance Daily Target 2X Long MP (MPL) ETF Holdings & Analysis

What MPL does

MPL uses swap agreements and short-dated listed call options to make bullish bets on the share price of MP Materials Corp. (NYSE: MP). MP Materials Corp. produces and processes rare earth materials, primarily used in magnets and other advanced technologies. The company operates the Mountain Pass mine in California, one of the only integrated rare earth facilities in the Western Hemisphere. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in MPs price through daily rebalancing. Returns may deviate from the expected 2x if held for longer than a single day due to factors such as volatility, compounding, or rebalancing effects. MPL may also hold US government securities, money market funds, short-term bond ETFs, and investment-grade corporate debt as collateral for its derivatives positions.

Fund profile

Top holdings

Geographic allocation

PortView Portfolio Insights

PortView analyzes how MPL 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.

Related securities

Related stocks

Frequently asked questions

What does MPL track?

MPL is the Defiance Daily Target 2X Long MP ETF, a Other ETF.

What is the expense ratio of MPL?

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

What are the largest holdings in MPL?

Top holdings include Cash & Other, First American Government Obligations Fund 12/01/2031.

How can PortView analyze MPL overlap with other ETFs?

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