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ECHX

GradeBNASDAQ Global Market

Leverage Shares 2X Long SATS Daily ETF

Leveraged · Single-Stock Leveraged · LeverageShares · Inception 2025-12-16

This 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.

$8.58−0.41 (−4.56%)

As of Sep 23, 2026, 1:54 PM EDT

History starts Jun 2, 2026.History starts Jun 2, 2026.History starts Jun 2, 2026.
Intraday session: down, 25 prints from 8.99 to 8.58. Range 8.50 to 8.83. Use the arrow keys to read each point.$8.50$8.70$8.8010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$12M
1Y return
—
Yield · Last 12 months
—
Holdings
6
Volume · 30D
0.3M sh
NAV per share
$9.00
52W range
low $7.02high $24.99

The ETF.net ECHX Grade

B

63/ 100

Rank 24 of 380 in Single-Stock Long Leveraged⁠

Confidence Medium

Six-pillar profile for ECHX. Scores out of 100: Cost 67, Risk 52, Mission not scored, Tradability 74, Holdings not scored, Durability 51. Strongest: Tradability (74). Weakest: Durability (51). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 63 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 67
    Category rank116/380 · top 31%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 52
    Category rank117/285 · top 41%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 74
    Category rank68/380 · top 18%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 51
    Category rank187/380 · top 49%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

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 Sep 21, 2026, 6:58 PM
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$1M147
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

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

ECHX$7,467
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. ECHX $7,467. SPY $10,415. Use the arrow keys to read each point.$5,694$8,248$10,802Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 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+18.4%
3 months−25.3%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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−47.9%

History from Jun 2, 2026

ECHX in the news

ETF.net Research hasn’t filed on ECHX yet — coverage lands here as it’s written.

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 Sep 22, 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%

85 of the 329 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.