LLYX vs. VRTL
LLYX (Defiance Daily Target 2X Long LLY ETF) and VRTL (GraniteShares 2x Long VRT Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, LLYX returned 73.62% vs 64.41% for VRTL. Their 0.07 correlation means their historical movements had little consistent relationship. LLYX charges 1.32%/yr vs 1.50%/yr for VRTL.
Performance
LLYX vs. VRTL - Performance Comparison
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Returns By Period
In the year-to-date period, LLYX achieves a -2.08% return, which is significantly lower than VRTL's 49.92% return.
LLYX
- 1D
- -1.03%
- 1M
- -11.52%
- 6M
- 7.08%
- YTD
- -2.08%
- 1Y
- 73.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.20%
VRTL
- 1D
- 12.49%
- 1M
- -40.41%
- 6M
- 17.15%
- YTD
- 49.92%
- 1Y
- 64.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 134.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.33M | $8.67M | $11.22M | |
| $7.19M | $7.02M | $12.49M |
LLYX vs. VRTL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LLYX Defiance Daily Target 2X Long LLY ETF | -2.08% | 21.24% |
VRTL GraniteShares 2x Long VRT Daily ETF | 49.92% | 110.50% |
Correlation
The correlation between LLYX and VRTL is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2025 | 0.07 |
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Return for Risk
LLYX vs. VRTL — Risk / Return Rank
LLYX
VRTL
LLYX vs. VRTL - 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 VRT Daily ETF (VRTL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LLYX | VRTL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.19 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 0.77 | +1.00 |
| Martin ratioReturn relative to average drawdown | 4.21 | 2.20 | +2.02 |
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Drawdowns
LLYX vs. VRTL - Drawdown Comparison
The maximum LLYX drawdown since its inception was -67.98%, roughly equal to the maximum VRTL drawdown of -70.53%. Use the drawdown chart below to compare losses from any high point for LLYX and VRTL.
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Drawdown Indicators
| LLYX | VRTL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.98% | -70.53% | +2.55% |
Max Drawdown (1Y)Largest decline over 1 year | -47.36% | -70.53% | +23.17% |
Current DrawdownCurrent decline from peak | -15.27% | -65.58% | +50.31% |
Average DrawdownAverage peak-to-trough decline | -31.72% | -18.14% | -13.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.86% | 24.96% | -5.10% |
Volatility
LLYX vs. VRTL - Volatility Comparison
The current volatility for Defiance Daily Target 2X Long LLY ETF (LLYX) is 17.70%, while GraniteShares 2x Long VRT Daily ETF (VRTL) has a volatility of 52.00%. This indicates that LLYX experiences smaller price fluctuations and is considered to be less risky than VRTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LLYX | VRTL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.70% | 52.00% | -34.30% |
Volatility (6M)Calculated over the trailing 6-month period | 54.27% | 106.22% | -51.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.89% | 128.88% | -52.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.27% | 130.52% | -55.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.27% | 130.52% | -55.25% |
LLYX vs. VRTL - Expense Ratio Comparison
LLYX has a 1.32% expense ratio, which is lower than VRTL's 1.50% expense ratio.
Dividends
LLYX vs. VRTL - Dividend Comparison
LLYX's dividend yield for the trailing twelve months is around 2.82%, while VRTL has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
LLYX Defiance Daily Target 2X Long LLY ETF | 2.82% | 2.76% |
VRTL GraniteShares 2x Long VRT Daily ETF | 0.00% | 0.00% |
Frequently Asked Questions
LLYX and VRTL have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VRTL has higher volatility (52.00%) compared to LLYX (17.70%). In terms of maximum drawdown, LLYX dropped -67.98% vs VRTL's -70.53%.
On 1-year performance, LLYX leads with 73.62% vs 64.41% for VRTL. On fees, LLYX is cheaper at 1.32% per year. On volatility, LLYX has been the lower-risk option at 17.70%. 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 73.62% return vs 64.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LLYX is cheaper with a 1.32% expense ratio, compared with 1.50% for VRTL.
LLYX has the higher dividend yield at 2.82%, compared with 0.00% for VRTL.
They also come from different issuers: Defiance and GraniteShares. Their fees differ too: 1.32% for LLYX and 1.50% for VRTL.
LLYX currently has the higher Sharpe Ratio (1.11 vs 0.42), 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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