Data as of .
ELIL vs LLYX: which held to its multiple?
Over the days both have traded, ELIL finished 4.7 points from its stated multiple and LLYX 5.6.
ETFIQ Decay Resistance Score: ELIL scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| ELIL | LLYX | ELIL | LLYX | ELIL | LLYX | |
| 1 month | −17.6% | −17.9% | −16.9% | −16.9% | −0.8 pts | −1.1 pts |
| 3 months | −7.5% | −8.3% | −2.8% | −2.8% | −4.7 pts | −5.6 pts |
| 6 months | +15.6% | +13.6% | +27.2% | +27.2% | −11.7 pts | −13.6 pts |
| 1 year | +76.6% | +70.3% | +96.9% | +96.9% | −20.3 pts | −26.6 pts |
| Since launch | +25.4% | −0.7% | +72.7% | +68.1% | −47.3 pts | −68.7 pts |
| ELIL Direxion Daily LLY Bull 2X ETF Aims to return twice the daily move of LLY | LLYX Defiance Daily Target 2X Long LLY ETF Aims to return twice the daily move of LLY | |
|---|---|---|
| Issuer | Direxion | Defiance |
| Sets out to return | +2x | +2x |
| On | LLY | LLY |
| Segment | company | company |
| Fund returned, 3 months | −7.5% | −8.3% |
| Underlying returned, 3 months | −1.4% | −1.4% |
| What the stated multiple implies, 3 months | −2.8% | −2.8% |
| Difference from stated, 3 months | −4.7 pts | −5.6 pts |
| Fund returned, 1 year or since launch | +76.6% | +70.3% |
| Difference from stated, over that window | −20.3 pts | −26.6 pts |
| Underlying volatility | 33% | 33% |
| Difference over the days both have traded | −4.7 pts | −5.6 pts |
| Expense ratio | 1.07% | 1.49% |
| Launched | Mar 26, 2025 | Aug 8, 2024 |
ELIL in plain words
Three months to Sep 11, 2026: ELIL returned −7.5% where its own daily promise gave −5.2%, 2.3 points short. Read the multiple against the whole window instead and +2 times LLY's −1.4% implies −2.8%, which makes ELIL look 4.7 points short. 2.4 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. ELIL aims to return +2 times LLY's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. LLY moved at 33% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
LLYX in plain words
Three months to Sep 11, 2026: LLYX returned −8.3% where its own daily promise gave −5.2%, 3.1 points short. Read the multiple against the whole window instead and +2 times LLY's −1.4% implies −2.8%, which makes LLYX look 5.6 points short. LLYX aims to return +2 times LLY's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, ELIL or LLYX?
- Over the window to Sep 11, 2026, ELIL finished 4.7 points from what its multiple implies and LLYX finished 5.6 points from its own, so ELIL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are ELIL and LLYX levered on the same thing?
- Yes. Both are levered on LLY, ELIL at +2 times and LLYX at +2 times the daily move.
- Which one decays faster, ELIL or LLYX?
- Decay follows how much the underlying moves about. Over this window ELIL’s moved at 33% annualized and LLYX’s at 33%, so ELIL has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold ELIL or LLYX for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, ELIL or LLYX?
- ELIL charges 1.07% a year and LLYX charges 1.49%, so ELIL is cheaper. Fees come from each fund's prospectus.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, ELIL against LLYX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/ELIL-LLYX Free to use with attribution; the underlying files are at Open data.