What this ETF is trying to do

The Defiance Daily Target 2X Long LMND ETF (LMNX) is a leveraged ETF. This means it is designed to follow a specific daily target with more intensity than a standard fund. It trades on the NASDAQ exchange.

What the numbers show

As of September 25, 2026, the current price of one share is $9.16.

The performance for this year (Year-to-Date) shows a significant decline. The share-price return is down approximately 69.18%. Because there were no distributions, the total return—which measures both price changes and any cash paid out—is also down approximately 69.18%. Data for one-year and three-year returns was not supplied.

Income and distribution explanation

Some investors look for ETFs that pay them regular cash, known as distributions. This ETF does not currently provide that. The distribution yield is 0%, and no distributions have been detected.

NAV erosion explanation

NAV erosion is a term used to describe when the actual value of the assets held inside an ETF decreases over time. While the market price of this ETF has fallen, there is not enough verified price history to provide a specific erosion-risk score. However, the "severe erosion-risk flag" is not active for this fund.

Pros

• This ETF provides 2X leveraged exposure to its daily target.

Cons

• The share price has experienced a large decline of approximately 69.18% so far this year.

• There are no top holdings listed in the supplied data.

• The fund does not pay out any cash distributions.

Beginner takeaway

LMNX is a leveraged ETF that aims for a specific daily target. So far this year, its share price has dropped by about 69.18%, and it does not pay any regular income to investors.