ATLASDefiance Large Cap ex-Mag 7 ETF (XMAG): outlook, holdings and fees
Defiance Large Cap ex-Mag 7 ETF (XMAG) is an exchange-traded fund and is managed by Defiance ETFs LLC. The expense ratio is 0.36% and the yield is 0.44%. The ten largest holdings are 19% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on XMAG
| Last price | $25.72 (-1.8%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 56% |
| Likely 1-month range (50%) | $25.29 – $26.43 |
| Normal 1-day range (±1σ) | ±0.8% |
| Distribution yield | 0.44% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
XMAG fund facts
| Issuer | Defiance ETFs LLC |
|---|---|
| Theme | US large caps |
| Assets under management | $200M |
| Expense ratio | 0.36% |
| Number of holdings | 50 |
| Inception | Oct 21, 2024 |
| Exchange | NASDAQ |
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.
XMAG top holdings
| Holding | Sector | Weight |
|---|---|---|
| Micron Technology Inc MU | Technology | 2.66% |
| Broadcom Inc AVGO | Technology | 2.58% |
| Eli Lilly and Company LLY | Healthcare | 2.37% |
| Advanced Micro Devices Inc AMD | Technology | 2.37% |
| JPMorgan Chase & Co JPM | Financial Services | 2.00% |
| Berkshire Hathaway Inc BRK-B | Financial Services | 1.62% |
| Exxon Mobil Corp XOM | Energy | 1.62% |
| Visa Inc. Class A V | Financial Services | 1.45% |
| Johnson & Johnson JNJ | Healthcare | 1.48% |
| Walmart Inc. WMT | Consumer Defensive | 1.19% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
XMAG sector breakdown
| Sector | Weight |
|---|---|
| Technology | 28.3% |
| Financial Services | 16.7% |
| Healthcare | 13.9% |
| Industrials | 12.1% |
| Consumer Defensive | 7.2% |
| Energy | 5.7% |
| Consumer Cyclicals | 5.3% |
| Communication Services | 3.2% |
| Utilities | 2.8% |
| Real Estate | 2.5% |
| Basic Materials | 2.3% |
By region: North America 99.1%, Europe Developed 0.4%, United Kingdom 0.2%, Asia Emerging 0.2%, Latin America 0.1%.
XMAG returns and risk
| Year to date | +15.2% |
|---|---|
| 1 year | +16.0% |
| Volatility (3 years) | 0.0% |
| Sharpe ratio (3 years) | 0.00 |
Past returns do not guarantee future results.
XMAG: frequently asked questions
What does XMAG invest in?
Defiance Large Cap ex-Mag 7 ETF invests in a portfolio of securities. Its largest holdings are Micron Technology Inc (2.7%), Broadcom Inc (2.6%), Eli Lilly and Company (2.4%), Advanced Micro Devices Inc (2.4%), JPMorgan Chase & Co (2.0%).
What is the XMAG expense ratio?
0.36% a year: about $36.00 for every $10,000 invested.
What is the XMAG dividend yield?
0.44%. ATLAS does not hold the exact distribution dates for ETFs.
Will XMAG go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 56%, with a likely range (50%) of $25.29 to $26.43 from $25.72 today. It is a probability, not a prediction.
How has XMAG performed?
Year to date +15.2%, one year +16.0%. Past returns do not guarantee future results.
Similar ETFs: US large caps
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- Schwab U.S. Large-Cap ETF (SCHX)
- Schwab U.S. Large-Cap Growth ETF (SCHG)
- Vanguard Morningstar Large-Cap ETF (VV)
- Dimensional U.S. Core Equity 2 ETF (DFAC)
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Educational information, not investment advice. Disclaimer