Key stats
About Defiance Daily Target 2X Short LLY ETF
Home page
Inception date
Sep 2, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US88636V6039
LLYZ uses swap agreements and short-dated listed call options to make bearish bets on the share price of Eli Lilly and Company (NASDAQ: LLY). LLY is a global pharmaceutical company that engages in the discovery, development, manufacture, and marketing of innovative medicines in various therapeutic areas, including neuroscience, endocrinology, oncology, cardiovascular diseases, and immunology. LLYs portfolio covers a wide range of prescription drugs, biologics, and animal health products. The fund seeks to maintain daily inverse leveraged exposure equivalent to 200% of the daily percentage change in LLY price through daily rebalancing. Returns may deviate from the expected -2x if held for longer than a single day due to factors such as volatility and compounding effects. The fund expects to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Mutual fund
Bonds, Cash & Other100.00%
Cash80.84%
Mutual fund19.16%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
LLYZ assets under management is 1.28 M USD. It's risen 35.16% over the last month.
LLYZ fund flows account for 1.74 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, LLYZ doesn't pay dividends to its holders.
LLYZ shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Sep 2, 2025, and its management style is Active.
LLYZ expense ratio is 1.29% meaning you'd have to pay 1.29% of your investment to help manage the fund.
LLYZ follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
LLYZ invests in cash.
LLYZ trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.