LLYX vs. DBC
LLYX (Defiance Daily Target 2X Long LLY ETF) and DBC (Invesco DB Commodity Index Tracking Fund) are both exchange-traded funds - LLYX is a Leveraged Equities fund actively managed by Defiance, while DBC is a Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return. LLYX is actively managed, while DBC is passively managed. Over the past year, LLYX returned 58.74% vs 45.90% for DBC. At a correlation of -0.12, they often move in opposite directions. LLYX charges 1.32%/yr vs 0.85%/yr for DBC.
Performance
LLYX vs. DBC - Performance Comparison
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Returns By Period
In the year-to-date period, LLYX achieves a -9.81% return, which is significantly lower than DBC's 35.47% return.
LLYX
- 1D
- 3.19%
- 1M
- 23.54%
- YTD
- -9.81%
- 6M
- -3.59%
- 1Y
- 58.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBC
- 1D
- 0.56%
- 1M
- -3.32%
- YTD
- 35.47%
- 6M
- 35.36%
- 1Y
- 45.90%
- 3Y*
- 15.09%
- 5Y*
- 12.78%
- 10Y*
- 9.10%
LLYX vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LLYX Defiance Daily Target 2X Long LLY ETF | -9.81% | 44.29% | -23.40% |
DBC Invesco DB Commodity Index Tracking Fund | 35.47% | 8.10% | 2.00% |
Correlation
The correlation between LLYX and DBC is -0.23, 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 (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2024 | -0.12 |
The correlation between LLYX and DBC shifts across timeframes, from -0.23 (1 year) to -0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LLYX vs. DBC — Risk / Return Rank
LLYX
DBC
LLYX vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long LLY ETF (LLYX) and Invesco DB Commodity Index Tracking Fund (DBC). 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 | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.43 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 6.54 | -5.29 |
| Martin ratioReturn relative to average drawdown | 2.68 | 13.91 | -11.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LLYX | DBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 2.47 | -1.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.12 | -0.12 |
Drawdowns
LLYX vs. DBC - Drawdown Comparison
The maximum LLYX drawdown since its inception was -67.98%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for LLYX and DBC.
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Drawdown Indicators
| LLYX | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.98% | -76.36% | +8.38% |
Max Drawdown (1Y)Largest decline over 1 year | -47.36% | -7.05% | -40.31% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.82% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.71% | — |
Current DrawdownCurrent decline from peak | -21.95% | -21.64% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -33.60% | -46.22% | +12.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.00% | 3.31% | +18.69% |
Volatility
LLYX vs. DBC - Volatility Comparison
Defiance Daily Target 2X Long LLY ETF (LLYX) has a higher volatility of 18.20% compared to Invesco DB Commodity Index Tracking Fund (DBC) at 6.45%. This indicates that LLYX's price experiences larger fluctuations and is considered to be riskier than DBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LLYX | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.20% | 6.45% | +11.75% |
Volatility (6M)Calculated over the trailing 6-month period | 52.69% | 15.75% | +36.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.98% | 18.68% | +56.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.29% | 19.18% | +57.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.29% | 17.81% | +58.48% |
LLYX vs. DBC - Expense Ratio Comparison
LLYX has a 1.32% expense ratio, which is higher than DBC's 0.85% expense ratio.
Dividends
LLYX vs. DBC - Dividend Comparison
LLYX's dividend yield for the trailing twelve months is around 3.06%, more than DBC's 2.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBC Invesco DB Commodity Index Tracking Fund | 2.46% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% |
LLYX Defiance Daily Target 2X Long LLY ETF | 3.06% | 2.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LLYX and DBC have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LLYX has higher volatility (18.20%) compared to DBC (6.45%). In terms of maximum drawdown, LLYX dropped -67.98% vs DBC's -76.36%.
On 1-year performance, LLYX leads with 58.74% vs 45.90% for DBC. On fees, DBC is cheaper at 0.85% per year. On volatility, DBC has been the lower-risk option at 6.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LLYX has performed better with a 58.74% return vs 45.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBC is cheaper with a 0.85% expense ratio, compared with 1.32% for LLYX.
LLYX has the higher dividend yield at 3.06%, compared with 2.46% for DBC.
LLYX is categorized as Leveraged Equities, while DBC is Commodities. They also come from different issuers: Defiance and Invesco. Their fees differ too: 1.32% for LLYX and 0.85% for DBC.
DBC currently has the higher Sharpe Ratio (2.47 vs 0.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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