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Defiance Large Cap ex-Mag 7 ETF (XMAG)

Large Blend | Exchange Traded Fund | NasdaqGM
23.81 USD +0.06 (0.253%) ⇧ (April 21, 2026, 10:27 a.m. EDT)

Short-term: ★★★★☆ | Long-term: ★★★☆☆ | Dividends: ★★☆☆☆
Hot Take | April 19, 2026, 12:26 a.m. EDT

The 'Anti-Mag 7' trade is proving itself, up 12% while beating the full index in 2026, driven by a market rotation away from exhausted big tech. Fundamentals support a 3-star long-term rating as the ex-Mag-7 basket trades at a reasonable ~26x PE, but options data reveals a 'leap' mentality: while traders are pricing in the slow grind, they have placed significant speculative OI at a 32 strike for June 2026, implying a belief that these non-big-tech giants can eventually overtake them.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.015696
AutoARIMA0.015696
MSTL0.015971
AutoTheta0.018226

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 43%
H-stat 11.56
Ljung-Box p 0.000
Jarque-Bera p 0.163
Excess Kurtosis -0.42
Attribute Value
Trailing P/E 26.18

As of April 19, 2026, 12:26 a.m. EDT: Options market shows low activity and near-zero implied volatility across most strikes, indicating deep controversy of earnings. The strongest signal is in May 2026 calls, where significant recent volume (28 lots) appears at the 22.00 strike, which is slightly below the current spot price of ~23.75, suggesting a defensive or hedging position for minor downside. In June 2026, there is a notable concentration of Open Interest (OI) at deep OTM calls (32.00 strike, +34.7% dist change), which could indicate a speculative bet on a significant 2026 rally to the upside. Conversely, put buyers are focused on deep OTM strikes in June (13.00 and 19.00), suggesting a fear of a major drawdown but with very low flow compared to the call speculative interest at 32.00. The overall flow suggests asymmetric betting: less hedging, more speculative upside cynics targeting a 2026 expansion.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.51% 0.51%
Dividend History
Date Dividend Yield %
2025-12-30 0.116 0.511689
2024-12-31 0.047 0.240779
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 0.52

Info Dump

Attribute Value
All Time High 23.86
All Time Low 17.07
Ask 30.61
Ask Size 2
Average Daily Volume10 Day 31,620
Average Daily Volume3 Month 66,498
Average Volume 66,498
Average Volume10Days 31,620
Beta3 Year 0.0
Bid 17.06
Bid Size 2
Category Large Blend
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 23.8899
Day Low 23.66
Dividend Yield 0.52
Eps Trailing Twelve Months 0.90938383
Esg Populated 0
Exchange NGM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 22.87516
Fifty Day Average Change 0.93483925
Fifty Day Average Change Percent 0.040867005
Fifty Two Week Change Percent 27.209425
Fifty Two Week High 23.8899
Fifty Two Week High Change -0.07990074
Fifty Two Week High Change Percent -0.0033445407
Fifty Two Week Low 18.5
Fifty Two Week Low Change 5.3099995
Fifty Two Week Low Change Percent 0.287027
Fifty Two Week Range 18.5 - 23.8899
First Trade Date Milliseconds 1,729,603,800,000
Full Exchange Name NasdaqGM
Fund Family Defiance ETFs LLC
Fund Inception Date 1,729,468,800
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Ipo Expected Date 2,024-10-22
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The index aims to provide a comprehensive and balanced representation of the U.S. equity market by including the largest 500 publicly traded equity securities, while specifically excluding the seven largest technology companies commonly referred to as the “Magnificent 7”. Under normal circumstances, at least 80% of the fund’s net assets, plus borrowings for investment purposes, will be invested in equity securities of large-cap companies.
Long Name Defiance Large Cap ex-Mag 7 ETF
Market us_market
Market State REGULAR
Max Age 86,400
Message Board Id finmb_1892614384
Nav Price 23.7227
Net Assets 132,165,024.0
Net Expense Ratio 0.35
Open 23.76
Previous Close 23.75
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change 0.059999466
Regular Market Change Percent 0.25262934
Regular Market Day High 23.8899
Regular Market Day Low 23.66
Regular Market Day Range 23.66 - 23.8899
Regular Market Open 23.76
Regular Market Previous Close 23.75
Regular Market Price 23.81
Regular Market Time 1,776,781,663
Regular Market Volume 17,661
Short Name Defiance Large Cap ex-Mag 7 ETF
Source Interval 15
Symbol XMAG
Total Assets 132,165,024
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 26.182564
Trailing Peg Ratio None
Trailing Three Month Nav Returns -0.90783
Trailing Three Month Returns -0.90783
Triggerable 1
Two Hundred Day Average 22.31767
Two Hundred Day Average Change 1.4923286
Two Hundred Day Average Change Percent 0.06686758
Type Disp ETF
Volume 17,661
Yield 0.0052
Ytd Return -0.90783