What is the ISIN of Defiance Daily Target 2X Long LLY ETF?

The ISIN of Defiance Daily Target 2X Long LLY ETF is US88636J2612.

What does leveraged daily exposure mean for Defiance Daily Target 2X Long LLY ETF?

Defiance Daily Target 2X Long LLY ETF aims to deliver 2 times the daily return of LLY (long). The leverage resets each trading day, so multi-day returns can differ materially from 2X the underlying's cumulative return.

What is volatility decay and how does it affect Defiance Daily Target 2X Long LLY ETF?

Volatility decay (also called compounding drag) occurs because Defiance Daily Target 2X Long LLY ETF rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 2X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.

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

Defiance Daily Target 2X Long LLY ETF Price

— EUR

TER1.32 %

AUM112.67 M USD

CurrencyUSD

Funds Launch8/7/2024

Defiance Daily Target 2X Long LLY ETF Price

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Underlying

LLY

LLY2X Long Daily

LLY

Defiance Daily Target 2X Long LLY ETF provides 2X daily exposure to LLY.

Leverage & Compounding Risk

This ETF rebalances daily to achieve its 2X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 2X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.