LLYX vs. LLY

Last updated Jun 6, 2026

LLYX (Defiance Daily Target 2X Long LLY ETF) is Leveraged Equities fund actively managed by Defiance, while LLY (Eli Lilly and Company) is a stock. Over the past year, LLYX returned 67.20% vs 48.81% for LLY. With a 1.00 correlation, they move nearly in lockstep.

Performance

LLYX vs. LLY - Performance Comparison

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

Returns By Period

In the year-to-date period, LLYX achieves a -1.49% return, which is significantly lower than LLY's 5.64% return.

LLYX

• 1D: 1.41%
• 1M: 29.77%
• YTD: -1.49%
• 6M: 10.68%
• 1Y: 67.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LLY

• 1D: 0.55%
• 1M: 14.82%
• YTD: 5.64%
• 6M: 12.37%
• 1Y: 48.81%
• 3Y*: 37.66%
• 5Y*: 42.48%
• 10Y*: 33.36%

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

LLYX vs. LLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LLYX Defiance Daily Target 2X Long LLY ETF	-1.49%	44.29%	-23.40%
LLY Eli Lilly and Company	5.64%	40.25%	-8.39%

Correlation

The correlation between LLYX and LLY is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (All Time) Calculated using the full available price history since Aug 9, 2024	1.00

The correlation between LLYX and LLY has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

LLYX vs. LLY — Risk / Return Rank

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

LLYX

LLYX Risk / Return Rank: 30
LLYX Sharpe Ratio Rank: 27
LLYX Sortino Ratio Rank: 32
LLYX Omega Ratio Rank: 34
LLYX Calmar Ratio Rank: 31
LLYX Martin Ratio Rank: 25

LLY

LLY Risk / Return Rank: 75
LLY Sharpe Ratio Rank: 78
LLY Sortino Ratio Rank: 72
LLY Omega Ratio Rank: 74
LLY Calmar Ratio Rank: 75
LLY Martin Ratio Rank: 76

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. LLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long LLY ETF (LLYX) and Eli Lilly and Company (LLY). 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	LLY	Difference
Sharpe ratio: Return per unit of total volatility	0.90	1.29	-0.39
Sortino ratio: Return per unit of downside risk	1.59	1.86	-0.27
Omega ratio: Gain probability vs. loss probability	1.21	1.25	-0.04
Calmar ratio: Return relative to maximum drawdown	1.43	2.07	-0.65
Martin ratio: Return relative to average drawdown	3.06	5.16	-2.10
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. LLY - Sharpe Ratio Comparison

The current LLYX Sharpe Ratio is 0.90, which is lower than the LLY Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of LLYX and LLY, 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	LLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	1.29	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.30	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.58	-0.51

Drawdowns

LLYX vs. LLY - Drawdown Comparison

The maximum LLYX drawdown since its inception was -67.98%, roughly equal to the maximum LLY drawdown of -68.24%. Use the drawdown chart below to compare losses from any high point for LLYX and LLY.

Drawdown Indicators

	LLYX	LLY	Difference
Max Drawdown Largest peak-to-trough decline	-67.98%	-68.24%	+0.26%
Max Drawdown (1Y) Largest decline over 1 year	-47.36%	-23.64%	-23.72%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.48%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.48%	—
Current Drawdown Current decline from peak	-14.76%	0.00%	-14.76%
Average Drawdown Average peak-to-trough decline	-33.52%	-19.22%	-14.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.02%	9.49%	+12.53%

Volatility

LLYX vs. LLY - Volatility Comparison

Defiance Daily Target 2X Long LLY ETF (LLYX) has a higher volatility of 19.03% compared to Eli Lilly and Company (LLY) at 9.72%. This indicates that LLYX's price experiences larger fluctuations and is considered to be riskier than LLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LLYX	LLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.03%	9.72%	+9.31%
Volatility (6M) Calculated over the trailing 6-month period	53.14%	27.08%	+26.06%
Volatility (1Y) Calculated over the trailing 1-year period	75.26%	38.06%	+37.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.33%	32.83%	+43.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.33%	30.17%	+46.16%

Dividends

LLYX vs. LLY - Dividend Comparison

LLYX's dividend yield for the trailing twelve months is around 2.80%, more than LLY's 0.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LLY Eli Lilly and Company	0.57%	0.56%	0.67%	0.78%	1.07%	1.23%	1.75%	1.96%	1.94%	2.46%	2.77%	2.37%
LLYX Defiance Daily Target 2X Long LLY ETF	2.80%	2.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LLYX and LLY in my portfolio?

With a correlation of 1.00, LLYX and LLY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, LLYX or LLY?

LLYX has higher volatility (19.03%) compared to LLY (9.72%). In terms of maximum drawdown, LLYX dropped -67.98% vs LLY's -68.24%.

Which has better risk-adjusted returns?

LLY currently has the higher Sharpe Ratio (1.29 vs 0.90), 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.