LLYX
Defiance Daily Target 2X Long LLY ETF
The Defiance Daily Target 2X Long LLY ETF aims to provide daily investment results that correspond to two times the daily percentage change in the share price of Eli Lilly and Company (LLY).
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
96.1 M
ASSETS UNDER MGMT
129 bp
EXPENSES
Fund Basics
| Fund sponsor | Defiance |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Aug 08, 2024 |
| Assets (mns) | $96 |
| Expense ratio | 129 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| ELI LILLY & CO SWAP CANTOR - L | 71.8 % |
| LLY SWAP NOMURA | 65.4 % |
| 532457108 SWP | 59.6 % |
| ELI LILLY & CO | 2.8 % |
| ELI LILLY & CO SWAP MAREX - L | 0.3 % |
| CASH & OTHER | -99.9 % |
Historical Performance
Standardized Performance (as of 08/29/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -28.2% | -56.9% | -- | -- | -- | -- | -- | -43.1% |
| Dividend Yield | 0.0% | 0.0% | -- | -- | -- | -- | -- | 0.0% |
| Total Returns | -28.2% | -56.9% | -- | -- | -- | -- | -- | -43.1% | Ann. Volatility | 89.2% | 80.0% | -- | -- | -- | -- | -- | 79.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -0.61 | 2% |
| MSCI EAFE | 2.23 | 23% |
| MSCI Emg Mkts | 1.40 | 5% |
Liquidity Measures
| Avg. volume (000) | 3,553 |
| ADV traded (mns) | $47 |
| Turnover | 48.5% |
| Avg. Bid/Ask (% of price) | 0.17% |
Technical Indicators
| Recent close | $13.12 |
| 30d moving avg. | $13.30 |
| Annualized volatility | 58.9% |
| Relative strength (RSI) | 47 |
| Short interest | 7.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Risk Management Derivatives ETFs |
| # of ETFs | 109 |
| Avg. Expense Ratio | 85.0 bp |
| Std. Deviation | 17 bp |
| LLYX (129 bp) Percentile rank | 94 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| LLYX | 129.0 | 17.1 | 146.1 |
| Peer Avg. | 96.3 | 31.5 | 127.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .