# LMTL (Direxion Daily LMT Bull 2X ETF)

Direxion · Leveraged ETFs · data as of Oct 2, 2026

Three months to Oct 2, 2026: LMTL returned −16.9% where its own daily promise gave −15.0%, 1.9 points short.

## Key facts

- LMTL, what LMT did: −6.8%, as of Oct 2, 2026.
- LMTL, what 2 times a day gives: −15.0%, as of Oct 2, 2026.
- LMTL, what the fund returned: −16.9%, as of Oct 2, 2026.
- LMTL, the fund itself cost: −1.9 pts, as of Oct 2, 2026.
- LMTL, net assets: $6m (issuer page, as of Oct 1, 2026).
- LMTL, expense ratio: 1.07% (485BPOS XBRL, Feb 26, 2026).

## LMTL over each window to Oct 2, 2026

| Window | Fund | LMT | +2x the move | Difference | LMT moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −10.7% | −4.9% | −9.8% | −0.9 pts | 17% |
| 3 months | −16.9% | −6.8% | −13.7% | −3.3 pts | 30% |
| 6 months | −38.8% | −17.8% | −35.6% | −3.2 pts | 30% |
| 1 year | −10.7% | +3.9% | +7.7% | −18.4 pts | 28% |
| Since launch | +17.4% | +20.1% | +40.3% | −22.8 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 | +2.48 times, against +2 stated | ETFIQ |
| Underlying | LMT | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $6m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 1.07% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Aug 6, 2025 | ETFIQ |
| Underlying volatility over the window | 30% annualized | ETFIQ |

## Questions

### Did LMTL return +2 times LMT?

Over the window to Oct 2, 2026, LMT moved −6.8% and LMTL returned −16.9%. 2 times that move is −13.7%, so the fund came out 3.2 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 Oct 2, 2026. https://etfiq.com/funds/lmtl
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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