LMNXDefiance Daily Target 2X Long LMND ETF
Seeks daily investment results of 200% the daily percentage change in the share price of Lemonade, Inc.
By Defiance ETFs LLC · Launched 2025
1.31%
#5,382 of 5,606 · expensive
$6M
#4,979 of 5,606 · small
-59.3%
8 months
#4,873 of 5,606 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
single-stock bet — holdings shown are derivatives collateral, not diversification
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks daily investment results of 200% the daily percentage change in the share price of Lemonade, Inc.
- Strategy
- Actively managed ETF aiming for 200% daily exposure to Lemonade, Inc. through derivatives like swaps and options. Focuses on daily investment results, primarily in the insurance industry.
- Inception date
- October 15, 2025
- Fund family
- Defiance ETFs LLC
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Most of these lose money
These funds amplify one stock's daily move, then reset every day. More than half of them have lost money outright, and the daily reset plus financing costs drag roughly 9.5% a year off the return. The longer you hold, the more that compounding works against you.
Sources: Bessembinder, 'Leveraged Single-Stock ETFs' (SSRN 2025)
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 2026-06-29