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FLYT

GradeDChicago Board Options Exchange

Tradr 2X Long FLY Daily ETF

Leveraged · Single-Stock Leveraged · Tradr · Inception 2025-10-22

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.

$5.00−0.67 (−11.73%)

As of Sep 23, 2026, 2:15 PM EDT

History starts Oct 23, 2025.History starts Oct 23, 2025.
Intraday session: down, 37 prints from 5.67 to 5.00. Range 4.98 to 5.64. Use the arrow keys to read each point.$5.20$5.40$5.6010 AM12 PM2 PM4 PM
Expense ratio
1.30%
Fund size
$9M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0.3M sh
NAV per share
$5.67
52W range
low $3.61high $58.52

The ETF.net FLYT Grade

D

38/ 100

Rank 218 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for FLYT. Scores out of 100: Cost 34, Risk 33, Mission 92, Tradability 46, Holdings not scored, Durability 56. Strongest: Mission (92). Weakest: Risk (33). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 38 of 100 sits in the D 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.
    DScore 34
    Category rank244/380 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 92
    Category rank77/147 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 33
    Category rank212/285 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 46
    Category rank191/380 · top 50%

  • 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.
    BScore 56
    Category rank153/380 · top 40%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on FLYT

ETF.net Research

DMost single-stock leveraged funds crowd around mega-caps. FLYT aims 2x daily leverage at Firefly Aerospace, a newly public rocket maker, using swaps, options or the shares themselves. It resets every day, so it is built for short holding periods.

Stated mandate

The Fund seeks daily investment results, before fees and expenses, corresponding to two times the daily performance of Firefly Aerospace common shares. It targets that result for a single trading day and uses swaps, options, and/or direct stock investment.

Why people hold it

  1. 01Narrow job, cleanly done: two times FLY's daily move before fees, via swaps, options or direct shares. Tracking to that daily target has been tight versus peers.tradretfs.com
  2. 02Unusual underlying. Leveraged single-stock ETFs mostly sit on mega-caps (AAPU on Apple, GGLL on Alphabet). FLYT points the same machinery at a small space-launch name.
  3. 03Registered 1940 Act ETF: intraday trading, a stated daily objective and standard fund oversight wrapped around an otherwise hard-to-lever position.tradretfs.com

Worth knowing

  1. 01Fee runs 1.30% a year, above the typical 2x single-stock fund. Peers like UNHG and ASMG charge meaningfully less for the same daily-leverage mechanic.
  2. 02The 2x target resets daily. Hold past one session and compounding takes over, so multi-day results can diverge sharply from twice FLY's move over that stretch.
  3. 03Launched in 2025 with a small asset base and moderate turnover, which can mean wider spreads than the category's biggest names.

FLYT Holdings

As of Sep 20, 2026, 6:39 AM
Asset class
Stocks
Holdings
—
Top-10 weight
113%
Largest holding
CASHUSD112.5%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—CASHUSD112.51%7,990,726$8M49

Showing 1–1 of 1 holdings

FLYT Performance

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

FLYT$4,250
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. FLYT $4,250. SPY $11,430. Use the arrow keys to read each point.$-187$21,169$42,526Dec 2025May 2026Sep 2026

Dec 31, 2025 – 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 FLYT. Periods over one year show the average yearly return.
PeriodFLYT
Year to date−57.5%
1 month−12.5%
3 months−46.9%
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 FLYT
YearReturn barFLYT
2026 YTD−57.5%
2025−45.7%

History from Oct 23, 2025

FLYT in the news

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

FLYT 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 Oct 2025. No distributions yet.

FLYT 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 Oct 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 Oct 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 Oct 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.
2.23
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.

FLYT Cost

Expense ratio1.30%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

231 of the 329 Single-Stock Long Leveraged funds charge less.

FLYT costs $130.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.