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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="Defiance_LiquidityRiskMember_lbl" xml:lang="en-US">Liquidity Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="Defiance_MarketCapitalizationRiskMember_lbl" xml:lang="en-US">Market Capitalization Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="Defiance_LargecapitalizationInvestingMember_lbl" xml:lang="en-US">Large-Capitalization Investing [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="Defiance_SmallAndMidcapitalizationCompanyRiskMember_lbl" xml:lang="en-US">Small- and Mid-Capitalization Company Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="Defiance_EmergingMarketsSecuritiesRiskMember_lbl" xml:lang="en-US">Emerging Markets Securities Risk [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="Defiance_MoneyMarketInstrumentRiskMember_lbl" xml:lang="en-US">Money Market Instrument Risk [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_OperationalRiskMember" xlink:to="Defiance_OperationalRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="Defiance_OperationalRiskMember_lbl" xml:lang="en-US">Operational Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260709.xsd#Defiance_USGovernmentandUSAgencyObligationsRiskMember" xlink:label="Defiance_USGovernmentandUSAgencyObligationsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_USGovernmentandUSAgencyObligationsRiskMember" xlink:to="Defiance_USGovernmentandUSAgencyObligationsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="Defiance_USGovernmentandUSAgencyObligationsRiskMember_lbl" xml:lang="en-US">U.S. Government and U.S. Agency Obligations Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260709.xsd#Defiance_TaxRiskMember" xlink:label="Defiance_TaxRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_TaxRiskMember" xlink:to="Defiance_TaxRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="Defiance_TaxRiskMember_lbl" xml:lang="en-US">Tax Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260709.xsd#Defiance_S000105658Member" xlink:label="Defiance_S000105658Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_S000105658Member" xlink:to="Defiance_S000105658Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="Defiance_S000105658Member_lbl" xml:lang="en-US">Defiance 2X Daily Target Short Taiwan ETF</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260709.xsd#Defiance_ReferenceAssetPriceAppreciationRiskMember" xlink:label="Defiance_ReferenceAssetPriceAppreciationRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_ReferenceAssetPriceAppreciationRiskMember" xlink:to="Defiance_ReferenceAssetPriceAppreciationRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="Defiance_ReferenceAssetPriceAppreciationRiskMember_lbl" xml:lang="en-US">Reference Asset Price Appreciation Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260709.xsd#Defiance_IndirectInvestmentInReferenceAssetRiskMember" xlink:label="Defiance_IndirectInvestmentInReferenceAssetRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_IndirectInvestmentInReferenceAssetRiskMember" xlink:to="Defiance_IndirectInvestmentInReferenceAssetRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="Defiance_IndirectInvestmentInReferenceAssetRiskMember_lbl" xml:lang="en-US">Indirect Investment in Reference Asset Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260709.xsd#Defiance_ReferenceAssetGoodPerformanceRiskMember" xlink:label="Defiance_ReferenceAssetGoodPerformanceRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_ReferenceAssetGoodPerformanceRiskMember" xlink:to="Defiance_ReferenceAssetGoodPerformanceRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="Defiance_ReferenceAssetGoodPerformanceRiskMember_lbl" xml:lang="en-US">Reference Asset Good Performance Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260709.xsd#Defiance_SingleIssuerRiskMember" xlink:label="Defiance_SingleIssuerRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_SingleIssuerRiskMember" xlink:to="Defiance_SingleIssuerRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="Defiance_SingleIssuerRiskMember_lbl" xml:lang="en-US">Single Issuer Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260709.xsd#Defiance_GeopoliticalRiskMember" xlink:label="Defiance_GeopoliticalRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_GeopoliticalRiskMember" xlink:to="Defiance_GeopoliticalRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="Defiance_GeopoliticalRiskMember_lbl" xml:lang="en-US">Geopolitical Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260709.xsd#Defiance_TradingHaltRiskMember" xlink:label="Defiance_TradingHaltRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_TradingHaltRiskMember" xlink:to="Defiance_TradingHaltRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="Defiance_TradingHaltRiskMember_lbl" xml:lang="en-US">Trading Halt Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260709.xsd#Defiance_C000276441Member" xlink:label="Defiance_C000276441Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_C000276441Member" xlink:to="Defiance_C000276441Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="Defiance_C000276441Member_lbl" xml:lang="en-US">Defiance 2X Daily Target Short Pure Space Index ETF [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="defiance-20260709.xsd#Defiance_C000276442Member" xlink:label="Defiance_C000276442Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_C000276442Member" xlink:to="Defiance_C000276442Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="Defiance_C000276442Member_lbl" xml:lang="en-US">Defiance 2X Daily Target Short Taiwan ETF [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_S000105657Member" xlink:to="Defiance_S000105657Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_S000105657Member_doc" xml:lang="en-US">Defiance 2X Daily Target Short Pure Space Index ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_C000276441Member" xlink:to="Defiance_C000276441Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_C000276441Member_doc" xml:lang="en-US">Defiance 2X Daily Target Short Pure Space Index ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_S000105658Member" xlink:to="Defiance_S000105658Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_S000105658Member_doc" xml:lang="en-US">Defiance 2X Daily Target Short Taiwan ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_C000276442Member" xlink:to="Defiance_C000276442Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_C000276442Member_doc" xml:lang="en-US">Defiance 2X Daily Target Short Taiwan ETF.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_TaxRiskMember" xlink:to="Defiance_TaxRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_TaxRiskMember_doc" xml:lang="en-US">Tax Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_USGovernmentandUSAgencyObligationsRiskMember" xlink:to="Defiance_USGovernmentandUSAgencyObligationsRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_USGovernmentandUSAgencyObligationsRiskMember_doc" xml:lang="en-US">U.S. Government and U.S. Agency Obligations Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_OperationalRiskMember" xlink:to="Defiance_OperationalRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_OperationalRiskMember_doc" xml:lang="en-US">Operational Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_TradingHaltRiskMember" xlink:to="Defiance_TradingHaltRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_TradingHaltRiskMember_doc" xml:lang="en-US">Trading Halt Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_NewFundRiskMember" xlink:to="Defiance_NewFundRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_NewFundRiskMember_doc" xml:lang="en-US">New Fund Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_MoneyMarketInstrumentRiskMember" xlink:to="Defiance_MoneyMarketInstrumentRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_MoneyMarketInstrumentRiskMember_doc" xml:lang="en-US">Money Market Instrument Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_LiquidityRiskMember" xlink:to="Defiance_LiquidityRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_LiquidityRiskMember_doc" xml:lang="en-US">Liquidity Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_TrackingErrorRiskMember" xlink:to="Defiance_TrackingErrorRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_TrackingErrorRiskMember_doc" xml:lang="en-US">Tracking Error Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_HighPortfolioTurnoverRiskMember" xlink:to="Defiance_HighPortfolioTurnoverRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_HighPortfolioTurnoverRiskMember_doc" xml:lang="en-US">High Portfolio Turnover Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_LiquiditysRiskMember" xlink:to="Defiance_LiquiditysRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_LiquiditysRiskMember_doc" xml:lang="en-US">Liquidity Risks.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_TradingMember" xlink:to="Defiance_TradingMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_TradingMember_doc" xml:lang="en-US">Trading.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_SharesMayTradeAtPricesOtherThanNavMember" xlink:to="Defiance_SharesMayTradeAtPricesOtherThanNavMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_SharesMayTradeAtPricesOtherThanNavMember_doc" xml:lang="en-US">Shares May Trade at Prices Other Than NAV.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_CostsOfBuyingOrSellingSharesMember" xlink:to="Defiance_CostsOfBuyingOrSellingSharesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_CostsOfBuyingOrSellingSharesMember_doc" xml:lang="en-US">Costs of Buying or Selling Shares.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_CashRedemptionRiskMember" xlink:to="Defiance_CashRedemptionRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_CashRedemptionRiskMember_doc" xml:lang="en-US">Cash Redemption Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_AuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember" xlink:to="Defiance_AuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_AuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember_doc" xml:lang="en-US">Authorized Participants, Market Makers, and Liquidity Providers Concentration Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_EtfRisksMember" xlink:to="Defiance_EtfRisksMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_EtfRisksMember_doc" xml:lang="en-US">ETF Risks.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_GeopoliticalRiskMember" xlink:to="Defiance_GeopoliticalRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_GeopoliticalRiskMember_doc" xml:lang="en-US">Geopolitical Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_EconomicAndMarketRiskMember" xlink:to="Defiance_EconomicAndMarketRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_EconomicAndMarketRiskMember_doc" xml:lang="en-US">Economic and Market Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_RebalancingRiskMember" xlink:to="Defiance_RebalancingRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_RebalancingRiskMember_doc" xml:lang="en-US">Rebalancing Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_FixedIncomeSecuritiesRiskMember" xlink:to="Defiance_FixedIncomeSecuritiesRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_FixedIncomeSecuritiesRiskMember_doc" xml:lang="en-US">Fixed Income Securities Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_IntradayInvestmentRiskMember" xlink:to="Defiance_IntradayInvestmentRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_IntradayInvestmentRiskMember_doc" xml:lang="en-US">Intra-Day Investment Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_CounterpartyRiskMember" xlink:to="Defiance_CounterpartyRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_CounterpartyRiskMember_doc" xml:lang="en-US">Counterparty Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_OptionsContractsMember" xlink:to="Defiance_OptionsContractsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_OptionsContractsMember_doc" xml:lang="en-US">Options Contracts.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_SwapAgreementsMember" xlink:to="Defiance_SwapAgreementsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_SwapAgreementsMember_doc" xml:lang="en-US">Swap Agreements.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_DerivativesRiskMember" xlink:to="Defiance_DerivativesRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_DerivativesRiskMember_doc" xml:lang="en-US">Derivatives Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_LeverageRiskMember" xlink:to="Defiance_LeverageRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_LeverageRiskMember_doc" xml:lang="en-US">Leverage Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_AggressiveInvestmentTechniqueRiskMember" xlink:to="Defiance_AggressiveInvestmentTechniqueRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_AggressiveInvestmentTechniqueRiskMember_doc" xml:lang="en-US">Aggressive Investment Technique Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_ConcentrationRiskMember" xlink:to="Defiance_ConcentrationRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_ConcentrationRiskMember_doc" xml:lang="en-US">Concentration Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_ShortSaleExposureRiskMember" xlink:to="Defiance_ShortSaleExposureRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_ShortSaleExposureRiskMember_doc" xml:lang="en-US">Short Sale Exposure Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_DailyCorrelationTrackingRiskMember" xlink:to="Defiance_DailyCorrelationTrackingRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_DailyCorrelationTrackingRiskMember_doc" xml:lang="en-US">Daily Correlation/Tracking Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_CompoundingAndMarketVolatilityRiskMember" xlink:to="Defiance_CompoundingAndMarketVolatilityRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_CompoundingAndMarketVolatilityRiskMember_doc" xml:lang="en-US">Compounding and Market Volatility Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_SingleIssuerRiskMember" xlink:to="Defiance_SingleIssuerRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_SingleIssuerRiskMember_doc" xml:lang="en-US">Single Issuer Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_ReferenceAssetGoodPerformanceRiskMember" xlink:to="Defiance_ReferenceAssetGoodPerformanceRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_ReferenceAssetGoodPerformanceRiskMember_doc" xml:lang="en-US">Reference Asset Good Performance Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_IndirectInvestmentInReferenceAssetRiskMember" xlink:to="Defiance_IndirectInvestmentInReferenceAssetRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_IndirectInvestmentInReferenceAssetRiskMember_doc" xml:lang="en-US">Indirect Investment in Reference Asset Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_ReferenceAssetPriceAppreciationRiskMember" xlink:to="Defiance_ReferenceAssetPriceAppreciationRiskMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="Defiance_ReferenceAssetPriceAppreciationRiskMember_doc" xml:lang="en-US">Reference Asset Price Appreciation Risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Defiance_SpaceCompanyInvestingRiskMember" xlink:to="Defiance_SpaceCompanyInvestingRiskMember_doc" xlink:type="arc" />
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