Understanding the DEFIANCE DAILY TARGET 2X LONG LLY ETF (LLYX)

What this ETF is trying to do

The DEFIANCE DAILY TARGET 2X LONG LLY ETF (LLYX) is a type of investment called a leveraged ETF. This means it is designed to move in a specific way relative to its target. Based on the data, this fund is leveraged.

What the numbers show

The current price of LLYX is $24.34. Looking at the past year, we can see how the price has changed:

• One-Year Price Return: The share price increased by approximately 43.85%.

• One-Year Total Return: The total return was approximately 47.78%. It is important to note that the price return only measures the change in the share price, while the total return includes the impact of distributions.

• Year-to-Date (YTD) Performance: So far this year, the YTD price return is approximately -4.51%. The YTD total return is also approximately -4.51%.

To visualize the price change over the last year, we can look at an estimated starting point. The estimated price from roughly one year ago was $16.92.

Income and distribution explanation

Some investors look for ETFs that pay out cash, known as distributions. LLYX has a distribution yield of approximately 2.89%. This number describes the cash distributions relative to the ETF's price. The trailing distributions were approximately $0.70 per share.

The data shows that the distribution frequency is "irregular" or "less frequent," with one payout recorded in the last 12 months. It is important to remember that a distribution yield is not the same as total return.

NAV erosion explanation

"NAV erosion" refers to a situation where the value of the underlying assets in the fund decreases significantly. StockValueFinder uses an "erosion-risk score" to measure this risk. For LLYX, the erosion score is 100, and the label is "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.

Pros

• The ETF showed a strong one-year total return of approximately 47.78%.

• The erosion-risk measurements currently show no detected price erosion.

Cons

• The fund has experienced a negative year-to-date price return of approximately -4.51%.

• The distributions are irregular and less frequent.

Top Holdings

As of the latest update on October 7, 2026, the fund's top holdings include:

• FIRST AMERICAN GOVERNMENT OBLIGS X (3.32%)

• ELI LILLY AND CO (2.99%)

Please keep in mind that holdings can change over time.

Beginner takeaway

When looking at LLYX, it is helpful to distinguish between price return (how the share price moves) and total return (which includes distributions). While this ETF had a strong year overall, it has seen a decline in price so far this year. Always remember that high yields or large price jumps do not guarantee future results.