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Launched

Daily Target 2X Long LLY ETF

LLYXNYSE ArcaDefianceCThis 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.

$35.27−0.31 (−0.87%)

At close: Nov 2, 2026, 4:00 PM ET

C48/ 100

Rank 94 of 380 in Single-Stock Long Leveraged

C48/100Rank 94 of 380inSingle-Stock Long Leveraged
Intraday session: down, 79 prints from 35.58 to 35.27. Range 34.16 to 35.69. Use the arrow keys to read each point.34.2534.5034.7535.0035.7510 AM12 PM2 PM4 PM
Expense ratio
1.49%
Fund size
$92M
1Y total return
+108.4%
Yield · Last 12 months
No data
Holdings
9
Avg volume · 30D
333K sh
52W range
low $14.55high $37.04
Launched

The ETF.net LLYX Grade

Based on 5 of 6 pillars

C

Score 48 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
94 of 380
Six-pillar profile for LLYX. Scores out of 100: Cost 11, Risk 84, Mission 73, Tradability 79, Holdings not scored, Durability 81. Strongest: Risk (84). Weakest: Cost (11). Based on 5 of 6 pillars.

Score 48 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.
    F11 out of 100
    Rank 311 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A73 out of 100
    Rank 131 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A84 out of 100
    Rank 23 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A79 out of 100
    Rank 44 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.
    A81 out of 100
    Rank 15 of 380

Our read on LLYX

ETF.net Research

In short

CA one-stock geared trade: LLYX uses swaps to chase twice Eli Lilly's daily move, reset every session. Live since 2024, it is the pricier of the two leveraged LLY funds at 1.49%.

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

  • Pure mechanism: total return swaps on Eli Lilly, reset daily, aiming for twice LLY's move each session. It sits in a very small group of funds offering geared LLY exposure.defianceetfs.com
  • Geared LLY exposure in an ordinary brokerage account: no margin account, no options approval, and shares change hands regularly enough for everyday order sizes.defianceetfs.com
  • Upper half of a crowded single-stock leveraged field, helped by day-to-day results that have stayed close to the stated 2x daily target.

Worth knowing

  • Daily reset is the whole ballgame. Hold longer than a day and choppy LLY action can leave you with less than 2x the period move, even if the stock finishes higher.defianceetfs.com
  • Cost is the trade-off: 1.49% a year, above the category median, while the other leveraged LLY fund, ELIL, charges 1.07% net of a waiver through September 1, 2027.
  • One stock, doubled: an FDA or trial headline on Eli Lilly lands twice as hard here, and the exposure runs through swap counterparties rather than shares of LLY.defianceetfs.comsec.gov

LLYX Performance

Launched Aug 7, 2024

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.
LLYX$20,836
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. LLYX $20,836. SPY $11,146. Use the arrow keys to read each point.$10,000$15,000$20,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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+38.4%
1 month+47.9%
3 months+41.3%
1 year+108.4%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+38.4%
2025+44.3%
2024−23.4%

History from Aug 8, 2024

LLYX in the news

LLYX Dividends

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

$10,000 in LLYX 1 year ago paid $376 in dividends.

LLYX Risk

Risk pillarA84 out of 100Rank 23 of 368 in Single-Stock Long Leveraged

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.
74.1%
Annualised · 26 months to Oct 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.
0.39
vs 3-month T-bills · 26 months to Oct 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%
26 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.
0.60
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.

FMP measures it over up to five years of monthly returns.

LLYX Cost

Compare LLYX and GOGL

Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged

$21,986

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • LLYX 1.49%

    $26,141

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • LLYX 1.49%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530LLYX $26,141GOGL $4,155

Year by year

YearLLYXGOGLOverpaying
10$2,574$365$2,209
20$9,464$1,421$8,043
30$26,141$4,155$21,986

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