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Beacon

LITXTradr 2X Long Lite Daily ETF

Take a betNewRanked #221 of 775 in this goal

Seeks daily investment results that correspond to 200% of the daily performance of Lumentum Holdings, Inc. shares.

By AXS · Launched 2026

Annual Cost

1.49%

#5,410 of 5,562 · expensive

Fund Size

$493M

#1,579 of 5,562 · large

Return (1Y)Goal

N/A

Track Record

5 months

#5,205 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$30,883+208.8%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Sector

Communication services

Focus

Single Stock

What it actually holds

By weight

Concentration

Top 1 holdings = 5.3% of fund✓ well diversified

CFD LUMENTUM HOLDINGS INC
5.3%

Asset allocation

Cash
60.1%
Stocks
29.3%
Other
10.6%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-51.5%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks daily investment results that correspond to 200% of the daily performance of Lumentum Holdings, Inc. shares.
Strategy
Maintains at least 80% exposure to financial instruments providing 200% leveraged exposure to LITE. Actively managed ETF seeks to achieve 200% performance of LITE daily through swaps, options, and direct stock investments. Uses FLEX Options for customized exposure and may take delivery of LITE stock. The Fund is concentrated in the Communications Equipment industry, holding 25% or more of assets in leveraged investments related to LITE. Engages in frequent trading and may invest cash in U.S. Government securities and corporate debt.
Inception date
January 26, 2026
Fund family
AXS

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged single stock
Critical

Leveraged single-stock ETF — documented structural drag

Single-stock leveraged ETFs magnify one stock's daily move. Research on these products (Bessembinder et al., 2024) finds 56% posted negative absolute returns over one year, with ~9.5% annual drag versus the underlying stock. Daily rebalancing plus financing costs work against the investor on any holding period longer than a few days.

Source: Bessembinder, Cooper, Zhang — 'Leveraged Single-Stock ETFs' (SSRN 2024)

Why we flagged this: strategy=leveraged + single_stock_wrapper

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19