- Issuer
- Direxion
- Inception Date
- Aug 5, 2025
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
LMTL Performance Chart
Direxion Daily LMT Bull 2X ETF (LMTL) is up 4.7% since the beginning of the year. LMTL is currently trading at $31 per share.
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Returns By Period
Direxion Daily LMT Bull 2X ETF
- 1D
- -7.19%
- 1M
- -7.41%
- YTD
- 4.74%
- 6M
- 8.95%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
LMTL Monthly Returns History
Based on dividend-adjusted daily data since Aug 6, 2025, LMTL's average daily return is +0.16%, while the average monthly return is +4.61%. At this rate, an investment would double in approximately 1.3 years.
Historically, 55% of months were positive and 45% were negative. The best month was Jan 2026 with a return of +67.8%, while the worst month was Apr 2026 at -28.0%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 2 months.
On a daily basis, LMTL closed higher 52% of trading days. The best single day was Jan 9, 2026 with a return of +9.3%, while the worst single day was Jan 7, 2026 at -9.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 67.83% | 6.57% | -16.06% | -27.95% | 3.59% | -6.52% | 4.74% | ||||||
| 2025 | 9.02% | 20.85% | -4.17% | -14.59% | 12.18% | 20.96% |
Benchmark Metrics
Direxion Daily LMT Bull 2X ETF has an annualized alpha of 38.24%, beta of 0.37, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since August 06, 2025.
- This ETF captured 128.14% of S&P 500 Index gains but only 79.44% of its losses - a favorable profile for investors.
- Beta of 0.37 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 38.24%
- Beta
- 0.37
- R²
- 0.01
- Upside Capture
- 128.14%
- Downside Capture
- 79.44%
Expense Ratio
LMTL has a high expense ratio of 1.07%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Direxion Daily LMT Bull 2X ETF (LMTL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LMTL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
Dividends
Dividend History
Direxion Daily LMT Bull 2X ETF provided a 3.60% dividend yield over the last twelve months, with an annual payout of $1.13 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $1.13 | $0.96 |
Dividend yield | 3.60% | 3.18% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily LMT Bull 2X ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.00 | $0.17 | ||||||
| 2025 | $0.10 | $0.00 | $0.00 | $0.85 | $0.96 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily LMT Bull 2X ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily LMT Bull 2X ETF was 45.74%, occurring on May 8, 2026. The portfolio has not yet recovered.
The current Direxion Daily LMT Bull 2X ETF drawdown is 45.04%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -45.74%May 2026 | 2mo 6d | — | 3mo 21dMar 2026 - now |
2025 bear market2025 | -27.75%Dec 2025 | 1mo 25d | 1mo 6d | 3mo 1dOct 2025 - Jan 2026 |
2026 correction2026 | -10.20%Feb 2026 | 1d | 5d | 6dFeb 2026 - Feb 2026 |
2026 pullback2026 | -9.55%Jan 2026 | 0s | 2d | 2dJan 2026 - Jan 2026 |
2026 pullback2026 | -8.00%Feb 2026 | 6d | 4d | 10dFeb 2026 - Mar 2026 |
Drawdown Indicators
| LMTL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.74% | -56.78% | +11.04% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -45.04% | -2.49% | -42.55% |
Average DrawdownAverage peak-to-trough decline | -14.90% | -10.72% | -4.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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