LLYX vs. CRWG

Last updated Jun 4, 2026

LLYX (Defiance Daily Target 2X Long LLY ETF) and CRWG (Leverage Shares 2X Long CRWV Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.02, they often move in opposite directions. LLYX charges 1.32%/yr vs 0.75%/yr for CRWG.

Performance

LLYX vs. CRWG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long LLY ETF (LLYX) and Leverage Shares 2X Long CRWV Daily ETF (CRWG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LLYX achieves a -9.81% return, which is significantly lower than CRWG's 53.84% return.

LLYX

• 1D: 3.19%
• 1M: 23.54%
• YTD: -9.81%
• 6M: -3.59%
• 1Y: 58.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRWG

• 1D: -14.04%
• 1M: -28.24%
• YTD: 53.84%
• 6M: 13.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LLYX vs. CRWG - Yearly Performance Comparison

	2026 (YTD)	2025
LLYX Defiance Daily Target 2X Long LLY ETF	-9.81%	163.47%
CRWG Leverage Shares 2X Long CRWV Daily ETF	53.84%	-83.24%

Correlation

The correlation between LLYX and CRWG is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 12, 2025	-0.02

Return for Risk

LLYX vs. CRWG — Risk / Return Rank

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

LLYX

LLYX Risk / Return Rank: 26
LLYX Sharpe Ratio Rank: 23
LLYX Sortino Ratio Rank: 28
LLYX Omega Ratio Rank: 30
LLYX Calmar Ratio Rank: 27
LLYX Martin Ratio Rank: 22

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.

LLYX vs. CRWG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long LLY ETF (LLYX) and Leverage Shares 2X Long CRWV Daily ETF (CRWG). 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.

	LLYX	CRWG	Difference
Sharpe ratio: Return per unit of total volatility	0.79	—	—
Sortino ratio: Return per unit of downside risk	1.48	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.25	—	—
Martin ratio: Return relative to average drawdown	2.68	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LLYX	CRWG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	-0.42	+0.42

Drawdowns

LLYX vs. CRWG - Drawdown Comparison

The maximum LLYX drawdown since its inception was -67.98%, smaller than the maximum CRWG drawdown of -89.42%. Use the drawdown chart below to compare losses from any high point for LLYX and CRWG.

Drawdown Indicators

	LLYX	CRWG	Difference
Max Drawdown Largest peak-to-trough decline	-67.98%	-89.42%	+21.44%
Max Drawdown (1Y) Largest decline over 1 year	-47.36%	—	—
Current Drawdown Current decline from peak	-21.95%	-77.02%	+55.07%
Average Drawdown Average peak-to-trough decline	-33.60%	-68.53%	+34.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.00%	—	—

Volatility

Volatility by Period

	LLYX	CRWG	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	52.69%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	74.98%	191.73%	-116.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.29%	191.73%	-115.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.29%	191.73%	-115.44%

LLYX vs. CRWG - Expense Ratio Comparison

LLYX has a 1.32% expense ratio, which is higher than CRWG's 0.75% expense ratio.

Dividends

LLYX vs. CRWG - Dividend Comparison

LLYX's dividend yield for the trailing twelve months is around 3.06%, less than CRWG's 4.81% yield.

Position	TTM	2025
CRWG Leverage Shares 2X Long CRWV Daily ETF	4.81%	7.39%
LLYX Defiance Daily Target 2X Long LLY ETF	3.06%	2.76%

Frequently Asked Questions

Can I hold both LLYX and CRWG in my portfolio?

LLYX and CRWG have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LLYX or CRWG?

On fees, CRWG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LLYX or CRWG?

CRWG is cheaper with a 0.75% expense ratio, compared with 1.32% for LLYX.

Which ETF pays a higher dividend yield, LLYX or CRWG?

CRWG has the higher dividend yield at 4.81%, compared with 3.06% for LLYX.

What is the main difference between LLYX and CRWG?

They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.32% for LLYX and 0.75% for CRWG.