DAMD vs. XMAG

Last updated Jun 6, 2026

DAMD (Defiance Daily Target 2X Short AMD ETF) and XMAG (Defiance Large Cap ex-Mag 7 ETF) are both exchange-traded funds - DAMD is a Inverse Equities fund tracking the Advanced Micro Devices, Inc., while XMAG is a Large Cap Blend Equities fund tracking the BITA US 500 ex Magnificent 7 Index. Both are passively managed. At a correlation of -0.54, they often move in opposite directions. DAMD charges 1.31%/yr vs 0.35%/yr for XMAG.

Performance

DAMD vs. XMAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Short AMD ETF (DAMD) 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, DAMD achieves a -90.01% return, which is significantly lower than XMAG's 9.87% return.

DAMD

• 1D: 21.08%
• 1M: -30.23%
• YTD: -90.01%
• 6M: -89.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XMAG

• 1D: -2.37%
• 1M: 1.84%
• YTD: 9.87%
• 6M: 10.09%
• 1Y: 21.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DAMD vs. XMAG - Yearly Performance Comparison

	2026 (YTD)	2025
DAMD Defiance Daily Target 2X Short AMD ETF	-90.01%	22.15%
XMAG Defiance Large Cap ex-Mag 7 ETF	9.87%	2.32%

Correlation

The correlation between DAMD and XMAG is -0.54, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	-0.54

Return for Risk

DAMD vs. XMAG — Risk / Return Rank

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

XMAG

XMAG Risk / Return Rank: 62
XMAG Sharpe Ratio Rank: 59
XMAG Sortino Ratio Rank: 60
XMAG Omega Ratio Rank: 56
XMAG Calmar Ratio Rank: 62
XMAG Martin Ratio Rank: 73

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.

DAMD vs. XMAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short AMD ETF (DAMD) 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.

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

Sharpe Ratios by Period

	DAMD	XMAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.71	0.98	-1.69

Drawdowns

DAMD vs. XMAG - Drawdown Comparison

The maximum DAMD drawdown since its inception was -93.52%, which is greater than XMAG's maximum drawdown of -16.17%. Use the drawdown chart below to compare losses from any high point for DAMD and XMAG.

Drawdown Indicators

	DAMD	XMAG	Difference
Max Drawdown Largest peak-to-trough decline	-93.52%	-16.17%	-77.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.29%	—
Current Drawdown Current decline from peak	-91.57%	-2.54%	-89.03%
Average Drawdown Average peak-to-trough decline	-39.60%	-2.12%	-37.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.64%	—

Volatility

Volatility by Period

	DAMD	XMAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	138.28%	11.37%	+126.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	138.28%	15.20%	+123.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	138.28%	15.20%	+123.08%

DAMD vs. XMAG - Expense Ratio Comparison

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

Dividends

DAMD vs. XMAG - Dividend Comparison

DAMD has not paid dividends to shareholders, while XMAG's dividend yield for the trailing twelve months is around 0.47%.

Position	TTM	2025	2024
DAMD Defiance Daily Target 2X Short AMD ETF	0.00%	0.00%	0.00%
XMAG Defiance Large Cap ex-Mag 7 ETF	0.47%	0.51%	0.24%

Frequently Asked Questions

Can I hold both DAMD and XMAG in my portfolio?

DAMD and XMAG have a correlation of -0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DAMD 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, DAMD or XMAG?

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

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

XMAG has the higher dividend yield at 0.47%, compared with 0.00% for DAMD.

What is the main difference between DAMD and XMAG?

DAMD is categorized as Inverse Equities, while XMAG is Large Cap Blend Equities. DAMD tracks Advanced Micro Devices, Inc., while XMAG tracks BITA US 500 ex Magnificent 7 Index. Their fees differ too: 1.31% for DAMD and 0.35% for XMAG.