Defiance Le Cap Ex-MAG 7 ETF (XMAG)
NASDAQ (NMS) NASDAQ (NMS) Primary 
XMAG: Secretly Funded By The Excluded
XMAG has overtaken both RSP and the Mag-7 since May 2026, reversing the first four months of the year when the equal-weight index was leading the breadth rotation trade. Beneath the 2026 outperformance, XMAG's top holdings have shifted dramatically in just one month. Understanding which names are climbing is the first step to evaluating this ETF. In this article, I explore the central paradox of XMAG: an ETF engineered to reduce Mag-7 exposure whose outperformance may owe more to those same seven companies than its construction.
The S&P 500 Without Big Tech Is Quietly Beating the Full Index in 2026
Stripping the Magnificent 7 from the
Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) Trading Down 0.2% – What’s Next?
Defiance Large Cap ex-Mag 7 ETF (NASDAQ: XMAG - Get Free Report) fell 0.2% on Friday. The company traded as low as $22.30 and last traded at $22.37. 19,153 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 84,048 shares. The stock had previously closed at $22.41. Defiance
"Time to Explore Allocating" Outside Mag 7
Sylvia Jablonski with Defiance ETFs discusses the Defiance Large Cap ex-Mag 7 ETF. She labels the ETF as a way to trade with all S&P 500 names, minus the Mag 7.
Defiance ETFs CEO on investing without the 'Magnificent 7'
Sylvia Jablonski, CEO of Defiance ETFs sits down with CNBC's Bob Pisani on ‘Halftime Report' to discuss the firm's latest product and the case for investing beyond the Magnificent 7.
