# LMNX (Luminex Corp)

not established · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: LMNX returned −30.4% where its own daily promise gave −38.5%, 8.1 points over.

## Key facts

- LMNX, what LMND did: −14.1%, as of Sep 11, 2026.
- LMNX, what +2 times a day gives: −38.5%, as of Sep 11, 2026.
- LMNX, what the fund returned: −30.4%, as of Sep 11, 2026.
- LMNX, the fund itself added: +8.1 pts, as of Sep 11, 2026.
- LMNX, net assets: $5m (source, as filed for Apr 30, 2026).
- LMNX, expense ratio: 1.31% (485BPOS XBRL, Sep 24, 2025).

## LMNX over each window to Sep 11, 2026

| Window | Fund | LMND | +2x the move | Difference | LMND moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +6.5% | −4.3% | −8.7% | +15.2 pts | 42% |
| 3 months | −30.4% | −14.1% | −28.1% | −2.3 pts | 75% |
| 6 months | −37.8% | −10.4% | −20.9% | −16.9 pts | 73% |
| Since launch | −43.9% | +3.9% | +7.8% | −51.7 pts | 82% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of LMND, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.16 times, against +2 stated | ETFIQ |
| Underlying | LMND | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $5m | source, as filed for Apr 30, 2026 |
| Expense ratio | 1.31% | 485BPOS XBRL, Sep 24, 2025 |
| Launched | Oct 16, 2025 | ETFIQ |
| Underlying volatility over the window | 75% annualized | ETFIQ |

## Questions

### Did LMNX return +2 times LMND?

Over the window to Sep 11, 2026, LMND moved −14.1% and LMNX returned −30.4%. 2 times that move is −28.1%, so the fund came out 2.3 points short of it.

### Why does LMNX not return +2 times over a year?

Because it resets daily. LMNX aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, LMNX, data as of Sep 11, 2026. https://etfiq.com/funds/LMNX
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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