# LLYX (Defiance Daily Target 2X Long LLY ETF)

Defiance · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: LLYX returned −10.3% where its own daily promise gave −7.5%, 2.8 points short.

## Key facts

- LLYX, what LLY did: −2.8%, as of Sep 30, 2026.
- LLYX, what 2 times a day gives: −7.5%, as of Sep 30, 2026.
- LLYX, what the fund returned: −10.3%, as of Sep 30, 2026.
- LLYX, the fund itself cost: −2.8 pts, as of Sep 30, 2026.
- LLYX, net assets: $89m (the issuer’s own daily fund list, as of Sep 30, 2026).
- LLYX, expense ratio: 1.49% (485BPOS XBRL, Aug 24, 2026).

## LLYX over each window to Sep 30, 2026

| Window | Fund | LLY | +2x the move | Difference | LLY moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −1.3% | 0.0% | +0.1% | −1.3 pts | 18% |
| 3 months | −10.3% | −2.8% | −5.5% | −4.8 pts | 30% |
| 6 months | +31.5% | +21.6% | +43.2% | −11.7 pts | 34% |
| 1 year | +81.4% | +52.6% | +105.2% | −23.8 pts | 35% |
| Since launch | +6.3% | +39.0% | +78.0% | −71.7 pts | 37% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of LLY, reset daily | ETFIQ |
| Multiple a holder actually got over the window | LLY moved −2.8% over this window, too little to read a multiple from | ETFIQ |
| Underlying | LLY | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $89m | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 1.49% | 485BPOS XBRL, Aug 24, 2026 |
| Launched | Aug 8, 2024 | ETFIQ |
| Underlying volatility over the window | 30% annualized | ETFIQ |

## Questions

### Did LLYX return +2 times LLY?

Over the window to Sep 30, 2026, LLY moved −2.8% and LLYX returned −10.3%. 2 times that move is −5.5%, so the fund came out 4.8 points short of it.

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

Because it resets daily. LLYX 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.

### Which +2x LLY ETF tracked its stated multiple most closely?

2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the figure itself.


## Cite this page

ETFIQ, LLYX, data as of Sep 30, 2026. https://etfiq.com/funds/llyx
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/llyx  ·  JSON: https://etfiq.com/funds/llyx.json