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LLYX

GradeCNew York Stock Exchange Arca

Daily Target 2X Long LLY ETF

Leveraged · Single-Stock Leveraged · Defiance · Inception 2024-08-07

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.

$24.54−0.66 (−2.62%)

As of Sep 23, 2026, 3:07 PM EDT

History starts Aug 8, 2024.
Intraday session: down, 68 prints from 25.20 to 24.54. Range 24.11 to 25.75. Use the arrow keys to read each point.$24.00$25.00$25.5010 AM12 PM2 PM4 PM
Expense ratio
1.49%
Fund size
$45M
1Y return
+88.7%
Yield · Last 12 months
Data unavailable
Holdings
10
Volume · 30D
0.4M sh
NAV per share
$24.95
52W range
low $12.18high $31.19

The ETF.net LLYX Grade

C

47/ 100

Rank 88 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for LLYX. Scores out of 100: Cost 13, Risk 82, Mission 76, Tradability 73, Holdings not scored, Durability 77. Strongest: Risk (82). Weakest: Cost (13). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 47 of 100 sits in the C 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.
    FScore 13
    Category rank326/380 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 76
    Category rank133/147 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 82
    Category rank23/285 · top 8%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 73
    Category rank69/380 · 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.
    AScore 77
    Category rank28/380 · top 7%

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

Our read on LLYX

ETF.net Research

COne of only two ETFs built to deliver twice Eli Lilly's daily move, up or down. It is a one-stock, one-day tool: the 2x resets every session, so results over longer stretches drift from twice the stock.

Stated mandate

The fund seeks daily leveraged returns equal to twice the daily percentage change in Eli Lilly and Company’s share price.

Why people hold it

  1. 01Single job, clearly stated: 2x the daily percentage change in Eli Lilly's share price, and it has hewed closely to that daily target since it launched in 2024.
  2. 02Among the stronger builds in a crowded field of bull leveraged single-stock funds, which is where the daily-reset math either works as designed or doesn't.
  3. 03The leverage lives inside the fund, so the 2x daily exposure comes through an ordinary ETF trade instead of a margin account.
  4. 04Rare shelf space: Eli Lilly is one of the few non-tech names with a dedicated 2x daily fund, and only ELIL offers the same trade.

Worth knowing

  1. 01At 1.32% a year, it charges more than the typical leveraged single-stock ETF, and ELIL runs the same 2x Lilly mandate for less.
  2. 02The 2x resets daily. Hold through a choppy, sideways stretch in LLY and compounding can leave you below twice the stock's move over that period.
  3. 03A smaller, moderately traded fund tied to one drugmaker, so spreads and single-headline swings both matter more than in a diversified ETF.

LLYX Holdings

As of Sep 20, 2026, 5:08 AM
Asset class
Other
Holdings
10
Top-10 weight
273%
Largest holding
United States Treasury Bill 11/19/202663.1%

Geography

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Bill 11/19/202663.06%28,000,000$28M48
002—ELI LILLY & CO SWAP MS58.53%22,400$26M1
003—ELI LILLY & CO SWAP CS27.34%10,462$12M1
004—LLY SWAP NOMURA25.70%9,834$11M1
005—ELI LILLY AND COMPANY-SWAP-NBCB-L24.39%9,335$11M1
006—ELI LILLY & CO SWAP MAREX24.14%9,240$11M1
007—ELI LILLY & CO SWAP Cantor - L21.34%8,166$9M1
008—ELI LILLY & CO SWAP BMO18.54%7,094$8M1
009—First American Government Obligations Fund 12/01/203110.45%4,609,449$5M625

Showing 1–9 of 9 holdings

LLYX Performance

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

LLYX$18,869
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. LLYX $18,869. SPY $11,723. Use the arrow keys to read each point.$7,833$15,931$24,029Sep 2025Mar 2026Sep 2026

Sep 22, 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 LLYX. Periods over one year show the average yearly return.
PeriodLLYX
Year to date−1.1%
1 month−14.1%
3 months+6.6%
1 year+88.7%
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 LLYX
YearReturn barLLYX
2026 YTD−1.1%
2025+44.3%
2024−23.4%

History from Aug 8, 2024

LLYX in the news

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

LLYX 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.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.70 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.70. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$0.70

LLYX 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.
70.7%
Annualised · 24 months to Aug 2026
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.
0.14
vs 3-month T-bills · 24 months to Aug 2026
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.
−68.0%
25 months · trough Aug 2025
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.
0.59
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.

LLYX Cost

Expense ratio1.49%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

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

LLYX costs $149.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.