LNOK ETF — Defiance Daily Target 2x Long NOK ETF

Defiance Daily Target 2x Long NOK ETF (LNOK)

Updated October 16, 2026.

LNOK is an ETF linked to Nokia Oyj (NOK). its expense ratio is 1.30%. Total return is 26.0% over the past 0.7 years, 17.6 points behind NOK at 43.6%.

This ETF seeks to deliver twice the daily percentage change of Nokia Oyj shares through the use of derivatives such as swaps and options, making it designed for single-day trading rather than longer-term holding. The fund carries a 1.30% expense ratio and does not have an established distribution schedule. This security appeals to active traders seeking leveraged short-term exposure to Nokia's stock price movements, not to income investors or buy-and-hold portfolios.

LNOK performance versus NOK

Price and return data through 2026-10-16.

Total return is 26.0% over the past 0.7 years, 17.6 points behind NOK at 43.6%.

LNOK key facts

Issuer

Defiance ETFs

Asset type

ETF

Asset class

Equity

Inception date

01/20/2026

Expense ratio

1.30%

Distribution frequency

None

Last close

$12.69 (as of 2026-10-16)

AUM

$28,354,460

Average volume

54065.0

Payment date

12/31/2026

Beta

4.4411

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Defiance ETFs or company page; Index: Nokia Oyj (NOK); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

LNOK risks and drawbacks

Total return has trailed NOK over the available window.

Who may consider LNOK — and who may not

It is a weaker fit for investors who need monthly cash flow (LNOK does not currently distribute); investors whose main goal is matching NOK total return. This is educational context, not a recommendation to buy or sell.

More on LNOK

• All tickers starting with L

Tagged: Leverage.

Frequently asked questions

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