LLYX vs. INTW

Last updated Jun 4, 2026

LLYX (Defiance Daily Target 2X Long LLY ETF) and INTW (GraniteShares 2x Long INTC Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, LLYX returned 58.74% vs 1617.48% for INTW. At a 0.13 correlation, their price movements are largely independent. LLYX charges 1.32%/yr vs 1.50%/yr for INTW.

Performance

LLYX vs. INTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long LLY ETF (LLYX) and GraniteShares 2x Long INTC Daily ETF (INTW). 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 INTW's 562.71% return.

LLYX

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

INTW

• 1D: 8.89%
• 1M: 29.41%
• YTD: 562.71%
• 6M: 361.23%
• 1Y: 1,617.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LLYX vs. INTW - Yearly Performance Comparison

	2026 (YTD)	2025
LLYX Defiance Daily Target 2X Long LLY ETF	-9.81%	16.71%
INTW GraniteShares 2x Long INTC Daily ETF	562.71%	50.41%

Correlation

The correlation between LLYX and INTW is 0.09, 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 (1Y) Calculated over the trailing 1-year period	0.09
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025	0.13

Return for Risk

LLYX vs. INTW — 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

INTW

INTW Risk / Return Rank: 97
INTW Sharpe Ratio Rank: 99
INTW Sortino Ratio Rank: 95
INTW Omega Ratio Rank: 93
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 98

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. INTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long LLY ETF (LLYX) and GraniteShares 2x Long INTC Daily ETF (INTW). 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	INTW	Difference
Sharpe ratio Return per unit of total volatility	0.79	11.42	-10.64
Sortino ratio Return per unit of downside risk	1.48	5.09	-3.61
Omega ratio Gain probability vs. loss probability	1.20	1.64	-0.44
Calmar ratio Return relative to maximum drawdown	1.25	33.18	-31.93
Martin ratio Return relative to average drawdown	2.68	77.63	-74.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LLYX vs. INTW - Sharpe Ratio Comparison

The current LLYX Sharpe Ratio is 0.79, which is lower than the INTW Sharpe Ratio of 11.42. The chart below compares the historical Sharpe Ratios of LLYX and INTW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LLYX	INTW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	11.42	-10.64
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	3.39	-3.39

Drawdowns

LLYX vs. INTW - Drawdown Comparison

The maximum LLYX drawdown since its inception was -67.98%, which is greater than INTW's maximum drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for LLYX and INTW.

Drawdown Indicators

	LLYX	INTW	Difference
Max Drawdown Largest peak-to-trough decline	-67.98%	-60.58%	-7.40%
Max Drawdown (1Y) Largest decline over 1 year	-47.36%	-49.34%	+1.98%
Current Drawdown Current decline from peak	-21.95%	-26.69%	+4.74%
Average Drawdown Average peak-to-trough decline	-33.60%	-30.07%	-3.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.00%	21.05%	+0.95%

Volatility

LLYX vs. INTW - Volatility Comparison

The current volatility for Defiance Daily Target 2X Long LLY ETF (LLYX) is 18.20%, while GraniteShares 2x Long INTC Daily ETF (INTW) has a volatility of 48.71%. This indicates that LLYX experiences smaller price fluctuations and is considered to be less risky than INTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LLYX	INTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.20%	48.71%	-30.51%
Volatility (6M) Calculated over the trailing 6-month period	52.69%	111.40%	-58.71%
Volatility (1Y) Calculated over the trailing 1-year period	74.98%	143.36%	-68.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.29%	145.22%	-68.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.29%	145.22%	-68.93%

LLYX vs. INTW - Expense Ratio Comparison

LLYX has a 1.32% expense ratio, which is lower than INTW's 1.50% expense ratio.

Dividends

LLYX vs. INTW - Dividend Comparison

LLYX's dividend yield for the trailing twelve months is around 3.06%, while INTW has not paid dividends to shareholders.

Position	TTM	2025
INTW GraniteShares 2x Long INTC Daily ETF	0.00%	0.00%
LLYX Defiance Daily Target 2X Long LLY ETF	3.06%	2.76%

Frequently Asked Questions

Can I hold both LLYX and INTW in my portfolio?

LLYX and INTW have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LLYX or INTW?

INTW has higher volatility (48.71%) compared to LLYX (18.20%). In terms of maximum drawdown, LLYX dropped -67.98% vs INTW's -60.58%.

Which ETF is better, LLYX or INTW?

On 1-year performance, INTW leads with 1617.48% vs 58.74% for LLYX. On fees, LLYX is cheaper at 1.32% per year. On volatility, LLYX has been the lower-risk option at 18.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LLYX or INTW?

Over the 1-year period, INTW has performed better with a 1617.48% return vs 58.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LLYX or INTW?

LLYX is cheaper with a 1.32% expense ratio, compared with 1.50% for INTW.

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

LLYX has the higher dividend yield at 3.06%, compared with 0.00% for INTW.

What is the main difference between LLYX and INTW?

They also come from different issuers: Defiance and GraniteShares. Their fees differ too: 1.32% for LLYX and 1.50% for INTW.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (11.42 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.