LLYX vs. BEX
LLYX (Defiance Daily Target 2X Long LLY ETF) and BEX (Tradr 2X Long BE Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their -0.24 correlation means they have often moved in opposite directions in the past. LLYX charges 1.32%/yr vs 1.30%/yr for BEX.
Performance
LLYX vs. BEX - Performance Comparison
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Returns By Period
LLYX
- 1D
- -1.03%
- 1M
- -11.52%
- 6M
- 7.08%
- YTD
- -2.08%
- 1Y
- 73.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.20%
BEX
- 1D
- -0.74%
- 1M
- -51.56%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $83.57M | $80.37M | $68.34M | |
| $6.33M | $8.67M | $11.22M |
LLYX vs. BEX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
LLYX Defiance Daily Target 2X Long LLY ETF | 11.58% |
BEX Tradr 2X Long BE Daily ETF | -69.85% |
Correlation
The correlation between LLYX and BEX is -0.24, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 26, 2026 | -0.24 |
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Return for Risk
LLYX vs. BEX — Risk / Return Rank
LLYX
BEX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LLYX vs. BEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long LLY ETF (LLYX) and Tradr 2X Long BE Daily ETF (BEX). 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.
| LLYX | BEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | — | — |
| Martin ratioReturn relative to average drawdown | 4.21 | — | — |
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Drawdowns
LLYX vs. BEX - Drawdown Comparison
The maximum LLYX drawdown since its inception was -67.98%, smaller than the maximum BEX drawdown of -82.16%. Use the drawdown chart below to compare losses from any high point for LLYX and BEX.
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Drawdown Indicators
| LLYX | BEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.98% | -82.16% | +14.18% |
Max Drawdown (1Y)Largest decline over 1 year | -47.36% | — | — |
Current DrawdownCurrent decline from peak | -15.27% | -72.82% | +57.55% |
Average DrawdownAverage peak-to-trough decline | -31.72% | -41.43% | +9.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.86% | — | — |
Volatility
LLYX vs. BEX - Volatility Comparison
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Volatility by Period
| LLYX | BEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.70% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 54.27% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 75.89% | 264.69% | -188.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.27% | 264.69% | -189.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.27% | 264.69% | -189.42% |
LLYX vs. BEX - Expense Ratio Comparison
LLYX has a 1.32% expense ratio, which is higher than BEX's 1.30% expense ratio.
Dividends
LLYX vs. BEX - Dividend Comparison
LLYX's dividend yield for the trailing twelve months is around 2.82%, while BEX has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BEX Tradr 2X Long BE Daily ETF | 0.00% | 0.00% |
LLYX Defiance Daily Target 2X Long LLY ETF | 2.82% | 2.76% |
Frequently Asked Questions
LLYX and BEX have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BEX is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BEX is cheaper with a 1.30% expense ratio, compared with 1.32% for LLYX.
LLYX has the higher dividend yield at 2.82%, compared with 0.00% for BEX.
They also come from different issuers: Defiance and Tradr. Their fees differ too: 1.32% for LLYX and 1.30% for BEX.
Find the right allocation for LLYX and BEX
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