Direxion Daily LLY Bull 2X ETF

Frequently Asked Questions About ELIL

What does ELIL invest in?

The Direxion Daily LLY Bull 2X ETF is engineered to deliver daily investment results that are twice (200%) the performance of Eli Lilly and Company's (LLY) common shares. Conversely, the Direxion Daily LLY Bear 1X ETF endeavors to provide daily returns equal to the inverse (opposite) of LLY's share performance, at a 100% ratio. Both ETFs pursue these objectives before factoring in any fees or operational expenses.

What is the expense ratio of ELIL?

Direxion Daily LLY Bull 2X ETF (ELIL) charges an expense ratio of 1.31%. This is the annual fee deducted from fund assets to cover management and operations.

Is ELIL a good long-term hold?

ELIL is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does ELIL's daily reset work?

ELIL rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is ELIL?

Direxion Daily LLY Bull 2X ETF (ELIL) manages $18.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is ELIL actively managed or an index fund?

ELIL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.