LLYX vs. QTUM

Last updated Jun 4, 2026

LLYX (Defiance Daily Target 2X Long LLY ETF) and QTUM (Defiance Quantum ETF) are both exchange-traded funds - LLYX is a Leveraged Equities fund actively managed by Defiance, while QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index. LLYX is actively managed, while QTUM is passively managed. Over the past year, LLYX returned 58.74% vs 95.36% for QTUM. At a 0.20 correlation, their price movements are largely independent. LLYX charges 1.32%/yr vs 0.40%/yr for QTUM.

Performance

LLYX vs. QTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long LLY ETF (LLYX) and Defiance Quantum ETF (QTUM). 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 QTUM's 53.29% return.

LLYX

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

QTUM

• 1D: -0.59%
• 1M: 23.63%
• YTD: 53.29%
• 6M: 50.69%
• 1Y: 95.36%
• 3Y*: 52.22%
• 5Y*: 29.15%
• 10Y*: —

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

LLYX vs. QTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LLYX Defiance Daily Target 2X Long LLY ETF	-9.81%	44.29%	-23.40%
QTUM Defiance Quantum ETF	53.29%	36.65%	40.84%

Correlation

The correlation between LLYX and QTUM is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (All Time) Calculated using the full available price history since Aug 9, 2024	0.20

Return for Risk

LLYX vs. QTUM — 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

QTUM

QTUM Risk / Return Rank: 91
QTUM Sharpe Ratio Rank: 94
QTUM Sortino Ratio Rank: 90
QTUM Omega Ratio Rank: 87
QTUM Calmar Ratio Rank: 92
QTUM Martin Ratio Rank: 92

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. QTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long LLY ETF (LLYX) and Defiance Quantum ETF (QTUM). 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	QTUM	Difference
Sharpe ratio Return per unit of total volatility	0.79	3.65	-2.87
Sortino ratio Return per unit of downside risk	1.48	4.26	-2.77
Omega ratio Gain probability vs. loss probability	1.20	1.55	-0.35
Calmar ratio Return relative to maximum drawdown	1.25	6.28	-5.04
Martin ratio Return relative to average drawdown	2.68	23.69	-21.02
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. QTUM - Sharpe Ratio Comparison

The current LLYX Sharpe Ratio is 0.79, which is lower than the QTUM Sharpe Ratio of 3.65. The chart below compares the historical Sharpe Ratios of LLYX and QTUM, 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	QTUM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	3.65	-2.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	1.08	-1.08

Drawdowns

LLYX vs. QTUM - Drawdown Comparison

The maximum LLYX drawdown since its inception was -67.98%, which is greater than QTUM's maximum drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for LLYX and QTUM.

Drawdown Indicators

	LLYX	QTUM	Difference
Max Drawdown Largest peak-to-trough decline	-67.98%	-38.45%	-29.53%
Max Drawdown (1Y) Largest decline over 1 year	-47.36%	-15.26%	-32.10%
Max Drawdown (3Y) Largest decline over 3 years	—	-25.39%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.45%	—
Current Drawdown Current decline from peak	-21.95%	-0.59%	-21.36%
Average Drawdown Average peak-to-trough decline	-33.60%	-8.25%	-25.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.00%	4.04%	+17.96%

Volatility

LLYX vs. QTUM - Volatility Comparison

Defiance Daily Target 2X Long LLY ETF (LLYX) has a higher volatility of 18.20% compared to Defiance Quantum ETF (QTUM) at 9.76%. This indicates that LLYX's price experiences larger fluctuations and is considered to be riskier than QTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LLYX	QTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.20%	9.76%	+8.44%
Volatility (6M) Calculated over the trailing 6-month period	52.69%	20.35%	+32.34%
Volatility (1Y) Calculated over the trailing 1-year period	74.98%	26.26%	+48.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.29%	26.56%	+49.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.29%	27.17%	+49.12%

LLYX vs. QTUM - Expense Ratio Comparison

LLYX has a 1.32% expense ratio, which is higher than QTUM's 0.40% expense ratio.

Dividends

LLYX vs. QTUM - Dividend Comparison

LLYX's dividend yield for the trailing twelve months is around 3.06%, more than QTUM's 0.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
QTUM Defiance Quantum ETF	0.70%	1.01%	0.61%	0.81%	1.46%	0.48%	0.42%	0.61%	0.21%

Frequently Asked Questions

Can I hold both LLYX and QTUM in my portfolio?

LLYX and QTUM have a correlation of 0.12, 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 QTUM?

LLYX has higher volatility (18.20%) compared to QTUM (9.76%). In terms of maximum drawdown, LLYX dropped -67.98% vs QTUM's -38.45%.

Which ETF is better, LLYX or QTUM?

On 1-year performance, QTUM leads with 95.36% vs 58.74% for LLYX. On fees, QTUM is cheaper at 0.40% per year. On volatility, QTUM has been the lower-risk option at 9.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LLYX or QTUM?

Over the 1-year period, QTUM has performed better with a 95.36% 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 QTUM?

QTUM is cheaper with a 0.40% expense ratio, compared with 1.32% for LLYX.

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

LLYX has the higher dividend yield at 3.06%, compared with 0.70% for QTUM.

What is the main difference between LLYX and QTUM?

LLYX is categorized as Leveraged Equities, while QTUM is Technology Equities. Their fees differ too: 1.32% for LLYX and 0.40% for QTUM.

Which has better risk-adjusted returns?

QTUM currently has the higher Sharpe Ratio (3.65 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.