ANEL vs. XMAG

Last updated Jun 23, 2026

ANEL (Defiance Daily Target 2X Long ANET ETF) and XMAG (Defiance Large Cap ex-Mag 7 ETF) are both exchange-traded funds - ANEL is a Leveraged Equities fund actively managed by Defiance, while XMAG is a Large Cap Blend Equities fund tracking the BITA US 500 ex Magnificent 7 Index. ANEL is actively managed, while XMAG is passively managed. At a 0.47 correlation, their price movements are largely independent. ANEL charges 1.31%/yr vs 0.35%/yr for XMAG.

Performance

ANEL vs. XMAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long ANET ETF (ANEL) and Defiance Large Cap ex-Mag 7 ETF (XMAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ANEL achieves a 41.03% return, which is significantly higher than XMAG's 14.08% return.

ANEL

• 1D: 5.79%
• 1M: 23.66%
• YTD: 41.03%
• 6M: 41.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XMAG

• 1D: 0.37%
• 1M: 4.21%
• YTD: 14.08%
• 6M: 13.61%
• 1Y: 26.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ANEL vs. XMAG - Yearly Performance Comparison

	2026 (YTD)	2025
ANEL Defiance Daily Target 2X Long ANET ETF	41.03%	-22.70%
XMAG Defiance Large Cap ex-Mag 7 ETF	14.08%	5.41%

Correlation

The correlation between ANEL and XMAG is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 4, 2025	0.47

Return for Risk

ANEL vs. XMAG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ANEL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

XMAG

XMAG Risk / Return Rank: 75
XMAG Sharpe Ratio Rank: 74
XMAG Sortino Ratio Rank: 76
XMAG Omega Ratio Rank: 71
XMAG Calmar Ratio Rank: 74
XMAG Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ANEL vs. XMAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long ANET ETF (ANEL) and Defiance Large Cap ex-Mag 7 ETF (XMAG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	ANEL	XMAG	Difference
Sharpe ratio: Return per unit of total volatility	—	2.29	—
Sortino ratio: Return per unit of downside risk	—	3.25	—
Omega ratio: Gain probability vs. loss probability	—	1.40	—
Calmar ratio: Return relative to maximum drawdown	—	3.65	—
Martin ratio: Return relative to average drawdown	—	16.05	—

Drawdowns

ANEL vs. XMAG - Drawdown Comparison

The maximum ANEL drawdown since its inception was -56.57%, which is greater than XMAG's maximum drawdown of -16.17%. Use the drawdown chart below to compare losses from any high point for ANEL and XMAG.

Drawdown Indicators

	ANEL	XMAG	Difference
Max Drawdown Largest peak-to-trough decline	-56.57%	-16.17%	-40.40%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.29%	—
Current Drawdown Current decline from peak	-12.80%	0.00%	-12.80%
Average Drawdown Average peak-to-trough decline	-28.50%	-2.09%	-26.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.65%	—

Volatility

Volatility by Period

	ANEL	XMAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.17%	—
Volatility (1Y) Calculated over the trailing 1-year period	107.06%	11.65%	+95.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.06%	15.18%	+91.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.06%	15.18%	+91.88%

ANEL vs. XMAG - Expense Ratio Comparison

ANEL has a 1.31% expense ratio, which is higher than XMAG's 0.35% expense ratio.

Dividends

ANEL vs. XMAG - Dividend Comparison

ANEL has not paid dividends to shareholders, while XMAG's dividend yield for the trailing twelve months is around 0.45%.

Position	TTM	2025	2024
ANEL Defiance Daily Target 2X Long ANET ETF	0.00%	0.00%	0.00%
XMAG Defiance Large Cap ex-Mag 7 ETF	0.45%	0.51%	0.24%

Frequently Asked Questions

Can I hold both ANEL and XMAG in my portfolio?

ANEL and XMAG have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ANEL or XMAG?

On fees, XMAG is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ANEL or XMAG?

XMAG is cheaper with a 0.35% expense ratio, compared with 1.31% for ANEL.

Which ETF pays a higher dividend yield, ANEL or XMAG?

XMAG has the higher dividend yield at 0.45%, compared with 0.00% for ANEL.

What is the main difference between ANEL and XMAG?

ANEL is categorized as Leveraged Equities, while XMAG is Large Cap Blend Equities. Their fees differ too: 1.31% for ANEL and 0.35% for XMAG.