# LMTL (Direxion Daily LMT Bull 2X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: LMTL returned −9.5% where its own daily promise gave −7.3%, 2.1 points short.

## Key facts

- LMTL, what LMT did: −2.4%, as of Sep 11, 2026.
- LMTL, what +2 times a day gives: −7.3%, as of Sep 11, 2026.
- LMTL, what the fund returned: −9.5%, as of Sep 11, 2026.
- LMTL, the fund itself cost: −2.1 pts, as of Sep 11, 2026.
- LMTL, net assets: $7m (source, as filed for Apr 30, 2026).
- LMTL, expense ratio: 1.07% (485BPOS XBRL, Feb 26, 2026).

## LMTL over each window to Sep 11, 2026

| Window | Fund | LMT | +2x the move | Difference | LMT moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −25.7% | −13.1% | −26.1% | +0.5 pts | 26% |
| 3 months | −9.5% | −2.4% | −4.7% | −4.7 pts | 35% |
| 6 months | −38.9% | −17.8% | −35.6% | −3.3 pts | 30% |
| 1 year | +8.8% | +14.3% | +28.6% | −19.8 pts | 28% |
| Since launch | +27.4% | +24.6% | +49.2% | −21.9 pts | 27% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of LMT, reset daily | ETFIQ |
| Multiple a holder actually got over the window | LMT moved −2.4% over this window, too little to read a multiple from | ETFIQ |
| Underlying | LMT | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $7m | source, as filed for Apr 30, 2026 |
| Expense ratio | 1.07% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Aug 6, 2025 | ETFIQ |
| Underlying volatility over the window | 35% annualized | ETFIQ |

## Questions

### Did LMTL return +2 times LMT?

Over the window to Sep 11, 2026, LMT moved −2.4% and LMTL returned −9.5%. 2 times that move is −4.7%, so the fund came out 4.7 points short of it.

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

Because it resets daily. LMTL 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, LMTL, data as of Sep 11, 2026. https://etfiq.com/funds/LMTL
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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