- Issuer
- Defiance
- Inception Date
- Aug 8, 2024
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $46M
Highlights
- Avg. Volume (1M)
- 322K
- Avg. Volume Value (1M)
- $8.67M
Share Price Chart
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Performance
LLYX Performance Chart
Defiance Daily Target 2X Long LLY ETF (LLYX) is down 2.1% since the beginning of the year. LLYX is currently trading at $25 per share.
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Returns By Period
Defiance Daily Target 2X Long LLY ETF (LLYX) has returned -2.08% so far this year and 73.62% over the past 12 months.
Defiance Daily Target 2X Long LLY ETF
- 1D
- -1.03%
- 1M
- -11.52%
- 6M
- 7.08%
- YTD
- -2.08%
- 1Y
- 73.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.20%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
LLYX Monthly Returns History
Based on dividend-adjusted daily data since Aug 8, 2024, LLYX's average daily return is +0.13%, while the average monthly return is +2.36%. At this rate, an investment would double in approximately 2.5 years.
Historically, 42% of months were positive and 58% were negative. The best month was Nov 2025 with a return of +52.5%, while the worst month was May 2025 at -35.3%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 5 months.
On a daily basis, LLYX closed higher 51% of trading days. The best single day was Apr 17, 2025 with a return of +28.5%, while the worst single day was Aug 7, 2025 at -28.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -8.55% | -0.60% | -25.25% | -0.92% | 39.98% | 15.45% | -9.99% | -2.08% | |||||
| 2025 | 7.82% | 26.72% | -20.79% | 13.21% | -35.34% | 10.01% | -11.63% | -6.80% | 6.60% | 25.20% | 52.50% | -1.25% | 44.29% |
| 2024 | 28.02% | -16.36% | -13.87% | -9.91% | -7.59% | -23.22% |
Benchmark Metrics
Defiance Daily Target 2X Long LLY ETF has an annualized alpha of 9.04%, beta of 1.21, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since August 08, 2024.
- This ETF participated in 176.44% of S&P 500 Index downside but only 77.88% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.07 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
- 9.04%
- Beta
- 1.21
- R²
- 0.07
- Upside Capture
- 77.88%
- Downside Capture
- 176.44%
Expense Ratio
LLYX has a high expense ratio of 1.32%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
LLYX ranks 47 for risk / return — above 47% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Defiance Daily Target 2X Long LLY ETF (LLYX) 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.
| LLYX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.00 | -0.23 |
| Martin ratioReturn relative to average drawdown | 4.21 | 8.49 | -4.28 |
Dividends
Dividend History
Defiance Daily Target 2X Long LLY ETF provided a 2.82% dividend yield over the last twelve months, with an annual payout of $0.70 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.70 | $0.70 |
Dividend yield | 2.82% | 2.76% |
Monthly Dividends
The table displays the monthly dividend distributions for Defiance Daily Target 2X Long LLY 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.70 | $0.70 |
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 Defiance Daily Target 2X Long LLY 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 Defiance Daily Target 2X Long LLY ETF was 67.98%, occurring on Aug 8, 2025. The portfolio has not yet recovered.
The current Defiance Daily Target 2X Long LLY ETF drawdown is 15.27%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-67.98%Aug 2025 | 11mo 9d | — | 1y 11moSep 2024 - now | — |
-2.84%Aug 2024 | 1d | 1d | 2dAug 2024 - Aug 2024 | — |
-2.19%Aug 2024 | 1d | 4d | 5dAug 2024 - Aug 2024 | — |
-1.67%Aug 2024 | 1d | 1d | 1dAug 2024 - Aug 2024 | — |
-0.66%Aug 2024 | 5d | 1d | 6dAug 2024 - Aug 2024 | — |
Drawdown Indicators
| LLYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.98% | -56.78% | -11.20% |
Max Drawdown (1Y)Largest decline over 1 year | -47.36% | -9.10% | -38.26% |
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 | -15.27% | -1.58% | -13.69% |
Average DrawdownAverage peak-to-trough decline | -31.72% | -10.70% | -21.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.86% | 2.14% | +17.72% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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