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Launched

Tradr 2X Long FLY Daily ETF

FLYTCboeCThis 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.

$3.38−0.40 (−10.45%)

As of Oct 13, 2026, 3:59 PM

C40/ 100

Rank 131 of 380 in Single-Stock Long Leveraged

C40/100Rank 131 of 380inSingle-Stock Long Leveraged
Intraday session: down, 63 prints from 3.78 to 3.38. Range 3.37 to 3.60. Use the arrow keys to read each point.3.503.603.7010 AM12 PM2 PM4 PM
Expense ratio
1.30%
Fund size
$6M
1Y total return
—
Yield · Last 12 months
—
Holdings
1
Avg volume · 30D
0.3M sh
NAV per share
$3.78
52W range
low $3.61high $58.52
Launched

The ETF.net FLYT Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
131 of 380
Six-pillar profile for FLYT. Scores out of 100: Cost 34, Risk 32, Mission 92, Tradability 58, Holdings not scored, Durability 56. Strongest: Mission (92). Weakest: Risk (32). Based on 5 of 6 pillars.

Score 40 of 100 falls in the C 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.
    D34 out of 100
    Rank 236 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A92 out of 100
    Rank 69 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D32 out of 100
    Rank 271 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B58 out of 100
    Rank 129 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.
    B56 out of 100
    Rank 152 of 380

Our read on FLYT

ETF.net Research

CMost 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 Oct 13, 2026
Asset class
Stocks
Holdings
1
Top-10 weight
132%
Largest holding
Cashusd132.4%

Sectors

  • Industrials100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Cashusd132.43%8,478,083$8M51

Showing 1–1 of 1 holdings

FLYT Performance

Launched Oct 22, 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.
FLYT$2,834
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,500
Dec 31, 2025 to Oct 12, 2026. FLYT $2,834. SPY $11,500. Use the arrow keys to read each point.$-187$21,169$42,526Dec 2025May 2026Oct 2026

Dec 31, 2025 – 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 FLYT. Periods over one year show the average yearly return.
PeriodFLYT
Year to date−71.7%
1 month−20.3%
3 months−46.1%
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 FLYT
YearReturn barFLYT
2026 YTD−71.7%
2025−45.7%

History from Oct 23, 2025

FLYT in the news

Filtered to FLYT · Single-Stock Long Leveraged

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 Oct 12, 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.
2.05
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%

235 of the 333 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.

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