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Defiance Daily Target 2X Long LLY ETF (LLYX) Sharpe Ratio: 1.06

ETF · Currency in USD · Last updated Jul 22, 2026

The Defiance Daily Target 2X Long LLY ETF seeks daily leveraged investment results of two times (200%) the daily percentage change in the share price of Eli Lilly and Company (NYSE: LLY).

LLYX's Sharpe Ratio of 1.06 indicates that for each unit of volatility, it generates 1.06 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 22, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

LLYX Sharpe Ratio Rank

LLYX Sharpe Ratio Rank: 38.839
Below Average

LLYX ranks above 38.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

LLYX Sharpe Ratio Market Positioning

The chart shows LLYX's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.65 or lower
  • Yellow zone (middle 50%): 0.65 to 1.84
  • Green zone (top 25%): 1.84 or higher
  • Top 1%: 6.35+
  • Median: 1.33 — half of all investments score higher

How it compares to other similar ETFs

The table compares Defiance Daily Target 2X Long LLY ETF's Sharpe Ratio with other ETFs in the Leveraged Equities category across multiple time periods, showing how LLYX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 22, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
MUUDirexion Daily MU Bull 2X Shares23.50
MULLGraniteShares 2x Long MU Daily ETF21.91
INTWGraniteShares 2x Long INTC Daily ETF6.15
AMUUDirexion Daily AMD Bull 2X Shares4.26
AMDLGraniteShares 2x Long AMD Daily ETF4.22
LABUDirexion Daily S&P Biotech Bull 3x Shares4.22
AMDGLeverage Shares 2X Long AMD Daily ETF4.16
ASMGLeverage Shares 2X Long ASML Daily ETF4.03
DLLLGraniteShares 2x Long DELL Daily ETF3.91
SOXLDirexion Daily Semiconductor Bull 3X ETF3.82
LLYXDefiance Daily Target 2X Long LLY ETF1.06

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows LLYX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when LLYX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does LLYX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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