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Launched

Leverage Shares 2X Long SATS Daily ETF

ECHXNasdaqBThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$8.11−0.64 (−7.28%)

At close: Oct 13, 2026, 4:00 PM

B63/ 100

Rank 28 of 380 in Single-Stock Long Leveraged

B63/100Rank 28 of 380inSingle-Stock Long Leveraged
Intraday session: down, 31 prints from 8.75 to 8.11. Range 8.09 to 8.45. Use the arrow keys to read each point.8.208.308.408.508.6010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$12M
1Y total return
—
Yield · Last 12 months
—
Holdings
6
Avg volume · 30D
0.3M sh
NAV per share
$8.73
52W range
low $7.02high $24.99
Launched

The ETF.net ECHX Grade

Based on 4 of 6 pillars

B

Score 63 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
28 of 380
Six-pillar profile for ECHX. Scores out of 100: Cost 67, Risk 49, Mission not scored, Tradability 77, Holdings not scored, Durability 51. Strongest: Tradability (77). Weakest: Risk (49). Based on 4 of 6 pillars.

Score 63 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B67 out of 100
    Rank 87 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C49 out of 100
    Rank 174 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A77 out of 100
    Rank 55 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C51 out of 100
    Rank 184 of 380

Our read on ECHX

ETF.net Research

BA 2x daily play on EchoStar, the satellite and spectrum operator, in one ticker. No margin account, no options chain, and a fee that undercuts most leveraged single-stock funds.

Stated mandate

The fund seeks daily investment results, before fees and expenses, corresponding to 200% of the daily performance of EchoStar Corporation stock. It is a single-stock leveraged ETF designed primarily for short-term tactical trading.

Why people hold it

  1. 010.75% a year, under the typical fee for 2x single-stock ETFs. Cheap is rare in this corner of the market.
  2. 02Delivers 2x EchoStar's daily move from an ordinary brokerage account: no margin agreement, no options chain, no overnight financing to manage yourself.leverageshares.com
  3. 03One of the stronger builds among the hundreds of bull leveraged single-stock ETFs, helped by its low fee and steady trading.

Worth knowing

  1. 01The 2x target resets every day. Hold through a choppy stretch and your result can drift well away from 2x the stock's move over that period.
  2. 02One company, doubled. Spectrum deals, satellite news, and financing headlines hit this fund twice as hard, in both directions.marketscreener.com
  3. 03Launched December 2025, and the name still says SATS. EchoStar's stock switched to the ECHO ticker in June 2026.marketscreener.com

ECHX Holdings

As of Oct 11, 2026
Asset class
Stocks
Holdings
6
Top-10 weight
212%
Largest holding
Echostar Corp Swap Cs132.8%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Echostar Corp Swap Cs132.79%184,554$16M1
002—Echostar Corp Swap Mar38.40%53,365$5M1
003—Echostar Corp Swap Cf12.20%16,950$1M1
004—First American Treasury Obligations Fund 01/01/204011.68%1,409,693$1M151
005—Echostar Corporation-Swap-Jnst-L10.06%13,982$1M1
006—Echostar Corporation-Swap-Nbcb-L6.55%9,100$790K1

Showing 1–6 of 6 holdings

ECHX Performance

Launched Dec 16, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
ECHX$8,998
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. ECHX $8,998. SPY $10,332. Use the arrow keys to read each point.$7,261$8,918$10,574Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ECHX. Periods over one year show the average yearly return.
PeriodECHX
Year to dateHistory unavailable—
1 month+1.3%
3 months−10.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ECHX
YearReturn barECHX
2026 YTD−49.3%

History from Jun 2, 2026

ECHX in the news

Filtered to ECHX · Single-Stock Long Leveraged

ECHX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Dec 2025. No distributions yet.

ECHX Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Dec 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Dec 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Dec 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.63
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

ECHX Cost

Expense ratio0.75%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

86 of the 333 Single-Stock Long Leveraged funds charge less.

ECHX costs $75.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.

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