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Launched

Daily Target 2X Long LUNR ETF

LUNLCboeDThis 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.

$2.34−0.30 (−11.36%)

At close: Oct 13, 2026, 4:00 PM

D36/ 100

Rank 289 of 380 in Single-Stock Long Leveraged

D36/100Rank 289 of 380inSingle-Stock Long Leveraged
Intraday session: down, 79 prints from 2.64 to 2.34. Range 2.31 to 2.48. Use the arrow keys to read each point.2.302.402.502.6010 AM12 PM2 PM4 PM
Expense ratio
1.34%
Fund size
$20M
1Y total return
—
Yield · Last 12 months
—
Holdings
9
Avg volume · 30D
1.4M sh
NAV per share
$2.77
52W range
low $2.48high $56.68
Launched

The ETF.net LUNL Grade

Based on 5 of 6 pillars

D

Score 36 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
289 of 380
Six-pillar profile for LUNL. Scores out of 100: Cost 23, Risk 26, Mission 83, Tradability 65, Holdings not scored, Durability 63. Strongest: Mission (83). Weakest: Cost (23). Based on 5 of 6 pillars.

Score 36 of 100 falls in the D 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.
    F23 out of 100
    Rank 290 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A83 out of 100
    Rank 117 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D26 out of 100
    Rank 304 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B65 out of 100
    Rank 101 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.
    B63 out of 100
    Rank 108 of 380

Our read on LUNL

ETF.net Research

DTwo times the daily move in Intuitive Machines, the lunar lander company. Most 2x single-stock ETFs are geared to mega-caps; this one straps leverage to a space name, and the clock resets every trading day.

Stated mandate

Seeks daily investment results, before fees and expenses, equal to two times (200%) the daily percentage change in the share price of Intuitive Machines, Inc.; the Fund is intended for single‐day (daily) use.

Why people hold it

  1. 01Clear mandate: 200% of LUNR's daily percentage change, before fees, in an ordinary ETF share. No margin account, no options chain.defianceetfs.com
  2. 02It hits the number it aims at. Day-to-day results have tracked the stated two-times target closely, which is the entire job of a daily-reset fund.
  3. 03Rare exposure: leveraged single-stock funds cluster around mega-caps like AAPU and GGLL. This one points at a commercial space company instead.
  4. 04Trades actively for a fund launched in 2026, so getting a fill has not been the sticking point.

Worth knowing

  1. 01The 2x target resets every day. Hold past the close and your result can drift well away from twice the stock's move over that stretch, especially in choppy tape.
  2. 02The fee is 1.31% a year, above 2x single-stock peers such as UNHG and ASMG at 0.75%. On a daily-use tool, that cost accrues for every day held.
  3. 03One company, doubled. All the risk rides on a single space stock's news flow, geared twofold, and the fund has not made distributions.

LUNL Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
9
Top-10 weight
269%
Largest holding
United States Treasury Bill 11/19/202658.5%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Bill 11/19/202658.48%11,400,000$11M56
002—Intuitive Machines, Inc.-Swap-Jnst-L33.68%508,478$7M1
003—Intuitive Machines, Inc.-Swap-Nmra-L32.80%495,245$6M1
004—Intuitive Machines Swap Nbc-L31.57%476,650$6M1
005—Intuitive Mach Swap Cant-L_r30.86%465,862$6M1
006—Intuitive Mach Swap Cs-L27.86%420,650$5M1
007—Intuitive Mach Swap Marex-L26.95%406,889$5M1
008—Intuitive Machines, Inc.-Swap-Mscs-L16.49%248,979$3M1
009—First American Government Obligations Fund 12/01/203110.06%1,953,490$2M529

Showing 1–9 of 9 holdings

LUNL Performance

Launched Jan 12, 2026

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.Not enough history yet.
LUNL$4,880
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. LUNL $4,880. SPY $10,332. Use the arrow keys to read each point.$3,907$9,353$14,799Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – 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 LUNL. Periods over one year show the average yearly return.
PeriodLUNL
Year to dateFund launched this year—
1 month−25.6%
3 months−51.2%
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 LUNL
YearReturn barLUNL
2026 YTD−84.0%

History from Jan 13, 2026

LUNL in the news

Filtered to LUNL · Single-Stock Long Leveraged

LUNL 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 Jan 2026. No distributions yet.

LUNL 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 Jan 2026; 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 Jan 2026; 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 Jan 2026; 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.
9.30
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.

LUNL Cost

Expense ratio1.34%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

261 of the 333 Single-Stock Long Leveraged funds charge less.

LUNL costs $134.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.

Other funds in Single-Stock Long Leveraged

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