Direxion Daily LMT Bull 2X ETF (LMTL) Performance
LMTL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +37.6% since Dec 31, 2025
- 1 year
- +33.8% total return
- Since first price
- +65.9% since 2025
LMTL trailing returns vs SPY, QQQ, AGG
| Period | LMTL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +30.8% | +30.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +9.5% | +8.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +21.0% | +19.0% | +7.8% | +8.4% | −1.5% |
| YTD | +37.6% | +34.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +33.8% | +27.4% | +14.4% | +15.9% | −1.1% |
| Since inceptionAug 6, 2025 | +65.9% | +57.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: LMTL vs SPY
From Aug 6, 2025: LMTL grew to $16,594, SPY to $12,173.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
LMTL returns by calendar year
2026 is year to date.
LMTL annual returns table
| Year | LMTL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +37.6% | −50.1% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
LMTL largest drawdowns
Now 27.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 2, 2026 | −50.1% | Oct 7, 2026 | not yet | 7 months | 8 months so far |
| Oct 6, 2025 | −27.8% | Dec 1, 2025 | Jan 6, 2026 | 56 days | 3 months |
| Feb 2, 2026 | −10.2% | Feb 4, 2026 | Feb 9, 2026 | 2 days | 7 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
LMTL risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +9.2% |
| Volatility (annualized) | 87.4% |
| Sharpe ratio | 0.40 |
| Sortino ratio | 0.86 |
| Best month | +67.8% |
| Worst month | −27.9% |
| Best 12 months | +33.8% |
| Worst 12 months | −9.0% |
| Positive months | 46% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
LMTL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 3 | −9.0% | +31.8% | +33.8% | 67% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
LMTL performance overview
Direxion Daily LMT Bull 2X ETF (LMTL) returned +33.8% over the past year, with distributions reinvested. Since its first recorded price on Aug 6, 2025 it has returned +65.9%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −50.1%, from Mar 2, 2026 to Oct 7, 2026; the fund has not yet regained that high. Volatility has been 87.4% a year.
Related: LMTL chart, LMTL dividends. See the LMTL overview for the latest quote and fund facts.
LMTL performance FAQ
What is the LMTL return over the past year?
LMTL returned +33.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 27.4%.
How much would $10,000 invested in LMTL be worth?
$10,000 invested in LMTL at its first recorded close on August 6, 2025 would be worth about $16,594 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of LMTL?
The largest peak-to-trough decline was −50.1% between March 2, 2026 and October 7, 2026. It has not yet recovered to that high; it is 27.8% below its peak.
How volatile is LMTL?
Over the past history LMTL had an annualized volatility of 87.4% and a Sharpe ratio of 0.40 (excess return over 1–3 month T-bills per unit of risk).